Despite the nation’s economic downturn, which has stifled investments in the real estate market, experts are already seeing huge opportunities in the sector, come 2017.
The experts, who include developers, investors, and property managers hinged their optimism on what they called some accruable positives already being experienced by investors, who can think out of the box
Though the sector is not immune to stagnation, uncertainty ambiguity, and volatility being experienced across many markets, there are still windows of opportunities for developers and investors to tap into. Also followed by Citibank’s projection of an inflow of foreign direct investments (FDI) into Nigeria in the first quarter of 2017.
For example, predictions see an expansion of the nation’s commercial spaces from the present 300,000 square meters to 700,000 square meters in 2017.
Also, stakeholders have called on investors in real estate sector to stop to take advantage of the opportunities in the current economic recession facing the country by evolving a new business approach, rather than lamenting the economic downturns.
the inconsistent economic policies and posture notwithstanding, investors with the right financing structure and strategic market facing focus have a unique opportunity to attract Nigerian diaspora into the housing market, with their usually stronger spending capacity.
“Only those, who can assess, define and interpret the market accurately, whether it is coming up with innovative solutions for social infrastructure to affordable and mid-market housing, renewable power to urban cities or locally engineered retail centers”