Reasons Why You Should Consider Property Investment
- October 21, 2015
Property investment is good business; let’s look at a few reasons to invest in real estate in Nigeria.
There Is a Ready Market. Property ownership is considered to be the ultimate achievement in African societies, you are not considered to have attained something concrete unless you at least own a house. This is why there will always be a market.
Property Values Appreciate Fast. Property price in Nigeria is constantly rising. For example a property can appreciate three times over in three years. Property owners and landlords are constantly increasing prices and rent. Therefore, money put in Nigeria real estate is money well invested.
Lagos 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.
Lagos Is Constantly Expanding. Lagos has attained the mega city status. This means that property you’re buying that appears to be in the suburb, may soon become a property in a commercial neighborhood because properties in that area will appreciate in value faster than you imagined.
Money Loses Value Over Time. If you keep your money in a bank, inflation might eat away its value. Ten years from now, that huge amount you have in your bank account might be worth less. However, if you invest it in real estate, your investment will take care of your retirement.
Real estate investing helps you save money, and grow your money. However, do not be quick to jump into property investing. First speak to an investment expert.
A Nigerian 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 a huge difference.