07/06/2021
Why is Investing in Real Estate in Nigeria Important?
Real Estate in Nigeria, like in many parts of the world is an ever-increasing-in-value investment that must not be slept on! Many people are oblivious of this. A few know about this basic fact and have been drinking from its rich and profitable stream.
Today, many people are very skeptical about venturing into real estate investment due to a number of factors. However, Expert Properties expressly states that “real estate has many advantages over investing in stocks, bonds or mutual funds.”
Some Nigerians know this and have since dipped their legs into this money-generating industry.
We do not dispute the fact that some have not joined the train of real Estate in Nigeria because they deem it too costly an investment. Others are simply just scared of investing for fear of being duped or scammed like some less informed people.
Yet, the truth remains that, the Real Estate industry in Nigeria is growing and is really profitable.
According to Reuters, “a successful real estate investment can earn returns as high as 30-35 percent, while rental income yields in cities such as Lagos and Abuja can easily reach 10 percent, developers and estate agents say.”
So, let’s say you have an opportunity of purchasing a landed property for 30 million Naira, not going for the purchase is losing 900,000- 1 million naira. And the value increases per year.
Thus, for every investment not put into real estate investment in Nigeria, an accumulating loss is procured yearly as the value of landed properties keeps increasing.
