Then you should consider using online real estate investment platforms in Nigeria. REITs. And the most interesting part of investing in Nigeria real estate is its diversity; having something for everyone irrespective of your budget.. You can then expand your real estate portfolio further as you grown in it. Real estate is property made up of land and any structure(s) or natural resource on it, including mineral deposits and water bodies, as well as any fauna or flora. What could be better than owning your property (or an entire row of them) and having tenants cover the mortgage and then some each month? Scarcity leads to price appreciation. While raw land in itself won’t produce a profit, it can be an excellent strategy for... 2. 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While the real estate sector is primarily driven by private sector investment, government policy-making impacts the real estate market. Imagine if you could rack up multiple properties and double or even triple your monthly income. Being a landlord is indeed a real estate investment strategy that most people will consider. It may not be enough profit to live off of, but it’s a fantastic way to dip your toe in the water, learn more about being a landlord, and be working towards a more robust credit score in the meantime. join our Telegram Channel stay updated with the latest headlines--. You can put as much into REITs as you wish. These are platforms that connect micro investors with everyday people who would like to borrow a sum of money to pay down debt or finance a purchase. Nigeria has a federal constitution governing the entire country and in which lands and real property rights of the state and individuals are placed under the Concurrent List. With a population of nearly 170 million and a need for 700,000 new housing units every year, buyers from all walks of life are flocking to invest there. You can turn around and rent it out to someone else. REITs are something you should hold on to for the future with the hope that the value of your shares will continue growing as you enjoy small dividends in the meantime. You might not look at an empty plot of land and see the potential for making good returns, but the fact is that raw land can be a very lucrative investment strategy for anyone who’s got the time to wait for a more robust market. attractive investment destination. CONTACT US. Investing in rental properties is as old as the practice of land ownership. Mitrobe Network connect and create a digital world of endless possibilities, © Mitrobe Network (2020) mitrobe.com, LLC All Rights Reserved, Real Estate Investing in Nigeria |The Full Guide 2020, Get 30% OFF Any Deals/Trade With Remitano Now, Complete Guidelines on How to Make Money with Opera News Hub, How To Make Money From Bolt As A Driver; Basic Car…, HOW TO EXCHANGE ITUNES GIFT CARDS FOR CASH IN NIGERIA –TOP…, Top 5 Educational Gift Ideas For College Students On Valentine’s Day, Zelle Carding Method 2021 and Everything you need to know about…, National Identification Number in Nigeria-Steps to Retrieve, Link Your NIN on…, TOP 6 GOOGLE ADSENSE APPROVAL TRICKS IN 2021. How To Make Money With StakeXChain. If you are purchasing a house without having to put down a large downpayment, that can be difficult with little/no down financing options being very hard to come by from trusted vendors. Don’t put any money into a crowdfunded project that you want to use in the next few years and don’t expect to live off your dividends, but this is an excellent way to diversify your savings/investment portfolio, If you don’t already own your own home, you’re missing out on perhaps one of the best real estate investment opportunities out there. They may even go out of business, and it could take months or even years to find a new tenant. It’s no secret that the Nigerian economy is booming. AXA Mansard emerges Best Health Insurance Product Winner 2021, Ford Will Have No Fuel-Powered Vehicles Come 2030, As They Plan…, Tesla To Set Up Electric Car Factory In Poverty-Stricken India, >Do You Want To Receive Update As Soon As We Publish? Chances are, you have thought about the possibility of being a landlord before. Most Nigerians do not know about … Menstruation Myths- Knowing How They Are Obstructing Healthy and Happy Periods? Plus, when you’re buying a fixer-upper property, lenders know there’s a greater risk because these properties are harder to sell, which generally means they expect more down. A REIT, or Real Estate Investment Trust, is a form of passive investment. These are questions you need to know the answer to choose the right rental property. “A section of the workforce who now work remotely may have an increased need for larger spaces,” said PropertyPro.ng. Is it an individual, a young couple, or a whole family? KUDABANK- IS KUDABANK LEGIT? Real Estate Investing in the real estate sector in Nigeria has become increasingly popular over the last couple of years and has become a common investment thread. It means they need to be more affordable and offer the location and amenities to support a good life in the area. That’s your investment back with a couple thousand to spare. First, the real estate investor loses a fortune because of past-negligence. A real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive (although capital may be gained through mortgage leverage) and is highly cash flow dependent. What is a real estate investing in Nigeria? With CowryWise you can invest in low, medium and high-risk investments. As a matter of fact, one of the longest-standing industry in Nigeria is the real estate industry. You probably wouldn’t see owning a home as much of a real estate investment. Real Estate is currently booming in Nigeria and people are making millions in it. This is one sure way of making monthly or yearly income in Nigeria. While considering all of this, you also have to keep in mind that, while people will always need housing, a business might not always have customers. While raw land in itself won’t produce a profit, it can be an excellent strategy for real estate investors seeking a low-competition, low-barrier-to-entry investment option. Commercial property is directly subject to the natural business cycle. A house flipper is someone who buys a property in need of repair and then fixes it up with the intent to sell it for a profit–usually a considerable profit if they play their cards right. Businesses will usually pay more to rent out space than residents, for obvious reasons. Real estate is one of the most talked-about investment opportunities in Nigeria at the moment. That’s why you need to keep location, parking, signage, and other aspects in mind. The Largest Real Estate Investment Firm in Nigeria. If you want to add to your investment, you’ll find a property that you see much potential for (especially in location) and then add equity to it through upgrades and projects over the years. There’s nothing wrong with staying in your home for the full 15 or 30-year term and paying it off in full, especially if you have fallen in love with it, that would be ideal, and then you’d have something to put in your Estate for the entire family to benefit from. Thus, real estate investors are … What’s their budget? Nigerians are always in need of residential apartments, office building, and commercial outlets.
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