Nigeria is the seventh most populous country in the world and the most populous country in Africa with over 200 million people. This had made Nigeria a huge market for untapped investment opportunities and real estate in Nigeria. Despite the fact that year 2020 has been very challenging for a lot of Nigerians due to Covid-19 because some lose their jobs, oil prices decline, unemployment increased, Naira was devalued, and the value of bitcoin took some hit but yet a reasonable number of Nigerians still invest in real estate.
Furthermore, due to the covid-19 pandemic, there has been a rise in the number of Ponzi schemes claiming to be the best investment solutions for Nigerians in these trying times.
Despite the economic downfall in Nigeria, real estate investment is the only investment that is not affected. Many people tend to have the notion that whenever real estate investment is being mentioned, they think it requires a lot of millions to invest but this is a big ‘NO’ because you don’t need to have multi-millions of naira before you can invest in real estate in Nigeria. This is because there are developing places that have huge investment prospects.
Let us now dive into what real estate is all about and its benefits.
What is real estate? Real estate refers to real property which consists of lands or buildings.
Below are reasons why you should invest in real estate in Nigeria;
Having pointed out these reasons, real estate investment in Nigeria is the most secure and safest investment you can ever think of because it is an avenue for wealth creation. It is tangible and guarantees financial security if done well.