However, with the loss of attention in the capital market due to the financial meltdown and stock value depletion, investors are steadily turning their focus to the more secure investment; real estate. Though real estate investment involves a high capital outlay, it comes with a less volatile and attendant risk as opposed to stocks and shares.
Some of the benefits of investments in real estate are as follows:
It generates regular income for investors.
It creates wealth for investors and property owners, as capital value appreciates with time.
It provides a shield and security against mortgage and capital loans.
It adds to the housing stock and helps solve accommodation needs and demand.
It contributes to private sectors housing development.
It helps solve the financial requirements of distressed sellers.
It helps boost property tax for the government. (E.g. Lagos State Government, Nigeria)
Consistent and regular incomes from real estate investment are influenced by the following factors; location, housing and accommodation demand, type and purpose of use, facilities provided, etc. If we look around us more private property development companies are engaged in property development For instance, there are promising projects along Siun-Owode-Egba local government Mowe/Ofada axis. Propertylink Real Estate Investment Limited happens to be one of the exclusive developers to what would be perhaps the most successful private estate in Nigeria. But lest we be deceived, there is still so much to be done. Our real estate developments are limited largely to residential and to some extent hotel, office and shopping complexes. By comparison, in developed economies the private sector is engaged in the development of stadia, airports, hospitals, roads, rail, bridges, tourist and entertainment centers, museums, theaters etc. The point to be made is that the role of our government ought to be to create the enabling environment for the private sector to drive real estate development, regrettably that this has not been our experience in Nigeria.
Land and economic development share a symbolic relationship and Nigeria's land policies in the past were clearly informed by monopolistic economic system. Following its failure we are entering a free market regime
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A plot of 60x120 goes for #400,000 outright and while there other flexible payment plans like #68,000 monthly for 6 months OR #35,000 for 12 Months or as low as #18,000 for 24 months for more details please call 07053108570 or PiN:2116944
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