Owning real property is one of the many dreams a lot of people wish to actualize globally, because of the lucrative nature of the real estate sector. In Nigeria, the real estate industry is fast becoming a very popular market for many investors to make huge financial profits in a long term adventure. Yet, as popular as the real estate market the industry has yet to climax in Nigeria due to several factors ranging from high cost in purchase, in-availability of funds, capital market risks and level of infrastructure among other factors which has made a large percentage of the populace reluctant to explore it’s lucrative nature.
Interestingly, the real estate industry in Nigeria still poses to be a landmine Of opportunities that would definitely explode into a goldmine of economic fortune in the next decade or two with the right training, tools and mentorship. Analysts and economists have predicted that real estate industry will blossom in Nigeria In the coming decades and here are reasons why you must invest and own real properties before 2040;
POPULATION GROWTH:
Nigeria’s population is approximated to be over 220 million people according National Population Commission, with about 60% of the population being youths between the ages of 18- 55 making Nigeria the most populated country in Africa and the 7th most populated country in the world, and the United Nations and the world bank has projected that by 2050 Nigeria’s population will grow to be slightly over 500 million people which will make Nigeria the 3rd most populated country in the world behind China and India. With the population forecast, Nigeria will be flooded with a high population growth that will be in need of buildings and land to accommodate their homes and businesses; which means that investing in real properties will definitely payoff in the next two decades because land appreciate or increase in value of over time, owning many real estate properties mean you are dictating financial security for the future.
HUGE FINANCIAL INFLOW:
Real estate investment puts you alone in the drivers seat of your financial future because steady investing and building a real estate portfolio over time means you are creating financial prosperity and securing your own future.
RETIREMENT PLAN:
Investing in real properties in Nigeria provides cash flow for retirement especially for young Nigerians who are in search of long term investment, this is because investing in real properties before the population surge will yield a huge fortune. This means it can help supplement I our retirement years with income generated from rental properties.
Real estate investment are essential for long wealth creation, agricultural revolution and employment creation because of nature of land to appreciate over time. With the explosion in the Nigerian population years to come, you and many other Nigerians will make a huge amount of fortune if you take advantage of the opportunity of investing in real estate now.
Daisy
on said
Amazing
Dave
on said
Well is a great article and it have also open my eyes more on properties investment
Blessing Omoluwabi
on said
Very informative 👍
You’re doing well
Stacy
on said
Well written