Investment in the Lagos Nigeria Real Estate sector is far more profitable than elsewhere because this is an emerging market. And there is little or no government regulation in terms of pricing and property values.
Consequently, you stand a chance of making big money if you invest right.
Here are ten reasons why you should give real estate investing serious thought.
10 Reasons Why You Should Invest in the Lagos Nigeria Real Estate Property sector
2. Lagos Nigeria is the commercial nerve centre of Nigeria. It is the centre of commerce. Businesses are everywhere . . and more are coming. More businesses mean better standard of living. And more people ready to buy property.
3. Lagos Nigeria is constantly expanding. Lagos recently attained the mega city status. This means that property you're buying that appear to be in the suburb, may soon become a property in a commercial neighborhood.
4.There is a ready market
Property ownership is considered to be the ultimate achievement in African societies. You're not considered to have attained something concrete unless you at least own a house.
This is good news for you the property investor. It means you will always have ready buyers. Cool, right?
5. Money lose value over time. If you keep your money in a bank, inflation will eat away its value. Ten years from today, that huge amount you have in your bank account will be worthless.
6.The sixth Reason why you should own a property in Nigeria- is for you to be play a role in filling the large gap in the sector. There is no asking if it’s a sure and viable area to invest, this sector is yearning for both small and large scale investment. And returns on investment is guaranteed 100%.
7.Demand over Supply- going by the number of people currently based in Nigeria and the number of new businesses on the increase in the country it is imperative to say that the demand for both Residential and Commercial Accommodation has shot up 100% and counting.
8.The Federal and State Governments of Nigeria have got a little impact and contribution in providing homes and shelters for their citizens. This has created a large vacuum in the Real Estate sector, so big a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in every 100k people live in government owned houses.
9.Population Explosion- Nigeria has a population of over 140million people as at the last census exercise in 2006. This simply equals to a large demand for shelter across the nation, and most especially in the commercial areas of the country. E.g. Lagos, Abuja, Port Harcourt, Aba and Onitsha
10.Availability of mortages will dramatically increase the prices of residential real-estate therefore creating a ready ROI for Real Estate Investors
1. Property values appreciate fast
2. Lagos Nigeria is the commercial nerve centre of Nigeria. It is the centre of commerce. Businesses are everywhere . . and more are coming. More businesses mean better standard of living. And more people ready to buy property.
3. Lagos Nigeria is constantly expanding. Lagos recently attained the mega city status. This means that property you're buying that appear to be in the suburb, may soon become a property in a commercial neighborhood.
4.There is a ready market
Property ownership is considered to be the ultimate achievement in African societies. You're not considered to have attained something concrete unless you at least own a house.
This is good news for you the property investor. It means you will always have ready buyers. Cool, right?
5. Money lose value over time. If you keep your money in a bank, inflation will eat away its value. Ten years from today, that huge amount you have in your bank account will be worthless.
6.The sixth Reason why you should own a property in Nigeria- is for you to be play a role in filling the large gap in the sector. There is no asking if it’s a sure and viable area to invest, this sector is yearning for both small and large scale investment. And returns on investment is guaranteed 100%.
7.Demand over Supply- going by the number of people currently based in Nigeria and the number of new businesses on the increase in the country it is imperative to say that the demand for both Residential and Commercial Accommodation has shot up 100% and counting.
8.The Federal and State Governments of Nigeria have got a little impact and contribution in providing homes and shelters for their citizens. This has created a large vacuum in the Real Estate sector, so big a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in every 100k people live in government owned houses.
9.Population Explosion- Nigeria has a population of over 140million people as at the last census exercise in 2006. This simply equals to a large demand for shelter across the nation, and most especially in the commercial areas of the country. E.g. Lagos, Abuja, Port Harcourt, Aba and Onitsha
10.Availability of mortages will dramatically increase the prices of residential real-estate therefore creating a ready ROI for Real Estate Investors
However, if you invest it in real estate, your investment will take care of your retirement.
Real estate investing is actually a two-edged sword.
A Word of Caution
Do not jump into property investing. First speak to an investment expert.
A Lagos Nigeria property investment expert will carry out a property appraisal to ascertain the true value of a property before advising you to buy.
In addition, a home inspection expert knows the market. His knowledge and experience can make the difference between being scammed by touts or being blessed with a profitable property.
Spending your money carelessly?
Don't.
Invest it instead. That way you leave a legacy for future generations. And they will love you for it.
