10 Ways You Can Profit From Investing in Nigerian Real Estate

September 10, 2019 Advice Africa Investment Real Estate

The Nigerian property scene has become a hot cake in recent months, diverting global attention its way with its constant activity and immense profits. If you are toying with the idea of getting onboard this lucrative bandwagon, here are ten ways you could make money off the native property market:

1) Flipping land

You can choose to buy local land and hold on to it until it significantly appreciates. It’s always on an upward trend in the country, and you can realize insane profits in the region of 50% (sometimes even up to 80%!) in under a year for a good location.

2) Trading properties

Akin to land flipping, you can also acquire properties for future sales with incredible profits. Buying and selling houses is riveting business in a country with a large population that’s always on the hunt for a place to call home or start a business. Such investments can pay off with profits of up to 20 or 30% of the purchase value.

3) Property shares

Real estate stocks are in plenty in the local stock exchange, and if you know who to place your trust and money on, you’ll reaping the rewards every year. With enough shares, profits could be in the millions of naira. You’ll need a financial consultant well-versed with the native real estate industry by your side to help you make the right calls.

4) Land survey earnings

If you have a career in land surveying, the Nigerian real estate market is your oyster. By investing in it, you’ll be privy to notable meet-and-greets and come across new opportunities to expand your client base.

5) Fabrication and welding services

Door protectors, overhead tanks, scaffolding, and whatnot ensure fabrication technicians and welders have plenty of work at their disposal. And they earn a respectable amount per project, making it an excellent career choice.

6) Legal services

As with real estate industries everywhere, legal representation is necessary to get deals over the line. With a market seeing thousands of property transactions each month, you’ll have plenty of clients to offer legal counsel for a percentage of the sale.

7) Carpentry opportunities

From the roofing to kitchen cabinets and everything in between, there’s a lot of carpentry work to go around with house sales. You can help with renovations and installations if you are in this line of work, and make more than decent earnings off ever-shifting property ownerships.

8) Construction deals

Construction companies are the backbone of the real estate sector, and they earn modest incomes for clearing vast lands, setting up buildings, or renting out their equipment. While a construction company is a pretty hefty investment, it pays off for the brave of heart.

9) Agent commissions

A property agent gets about 10% of the sale totals, and it’s not hard to carve out such a career path in Nigeria. A population upwards of 190 million means there’s no shortage of people in need of the services of an agent.

10) Renting opportunities

Did you know that close to eight out of ten Nigerians rent houses with only 20% boasting homeownership? Well, that’s good news to real estate investors as this means a constant supply of renting demand.

Nowhere but up!

It’s looking good for Nigerian real estate investors, as all the signs point to the industry only getting more profitable. The market may have taken a dip three years ago but it has come back stronger than ever thanks to improving economic conditions. There’s no better time to invest in the local real estate industry than the present!

10 Reasons why you should invest in Nigeria

August 15, 2019 Advice Africa Real Estate

Nigeria is a beautiful African country on the Gulf of Guinea. It offers countless natural landmarks, abundant wildlife, economic opportunities & tourism, and is just a quick flight away from many of the major economic centers of the world. You’ll find everything from waterfalls, to dense rainforests, artifacts from the oldest civilization known to mankind, wild savanna landscapes, and rare species of animals and plant life.

Top reasons why you should invest in owning Nigerian property

Below are the top reasons people invest in Nigeria.

1. Affordability
2. Terrain
3. Culture
4. Economic Development
5. Abundance of Natural Resources
6. Timing
7. Large Population
8. Free Market Economy
9. Major Cities, Seaports, and Established Infrastructure
10. Political Stability

Not convinced yet?

In Nigeria, primary education is free and compulsory.

Nigeria is a developing country, and thus, it is a great region to consider raising a family and building wealth in. Here are five more reasons why we think you should take advantage of the opportunity to invest in Nigerian real estate:

#1 The Giant of Africa

Nigeria is considered the “Giant of Africa.” It is the most populous country in Africa. Nigeria has a population of more than 190 million people. What does that mean? Well, there are more than 250 distinct ethnic groups. Nigeria is home to the archaeological discoveries of The Nok civilization. This is one of the oldest civilizations in the world and evidence for archeological discoveries in Nigeria, date this civilization back to 9000 BC. In other words, this civilization will withstand the test of time.

#2 Largest Economy

Nigeria has the biggest economic growth in Africa. It is the largest producer of crude oil and 8^th largest exporter in the entire world.

#3 Fastest-Growing Population in Africa

The population of Nigeria is the fastest growing in Africa with a population of 200 million people.

#4 A Rich & Fertile Terrain

Nigeria will be home to one of the worlds largest oil refinery which is being built in Lagos by Aliko Dangote. He is the wealthiest man in Africa.

Further, Lagos is the largest city with a growing population of 21 million. Abuja, the capital, has a growing population of 6 million. Lagos is also known as “Africa’s Big Apple.” It’s the New York City of Nigeria and sees nearly 2 million tourists each year. This is due to its economic center of attraction, commercial, and industrial hub to both Nigerians and the world.

Lagos also has the longest bridge in Africa. The Third Mainland Bridge connecting Lagos Island to the mainland is the longest bridge in Africa. It measures about 11.8km long.

#5 Everyone Speaks English

With all the diversity in Nigeria, you might be wondering how difficult it is to do business in the region. Well, the majority of people are educated and speak fluent English. However, Nigerians also speak Pidgin English.

Pidgin is a local variant — comparable to a Southern accent or New Yorker accent in the United States. Pidgin, however, is a unique language on its own which combines several dialects and slang with common English words. It’s very easy to navigate, however, because most people speak fluent English along with one or two of the 350+ languages from various regions in Africa.

Nigerian Real Estate 101

For more information, contact us at info@globalafricaninvestorsalliance.com

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