How and Why Real Estate In Nigeria Is The Best Business You Should Put Money Into
Nothing compares to Real Estate Investment Opportunities in Nigeria if you have enough money to engage in them. There are many business opportunists but so far property investment in Nigeria brings back your capital with profits sooner compared to other businesses in Nigeria.
For those who haven’t heard about it, real estate investment in Nigeria has taken a positive trend compared to other business investments in Nigeria.
- Smart Investment Opportunities In Nigeria
- Top 10 Businesses That Will Make You Rich In Nigeria
- How Working-Class People Can Make More Money In Nigeria
- How To Earn Monthly Salary Without Having A Job In Nigeria
- Job Policy: 10 Things Important To Consider While Creating Job Policy
No matter what, Real Estate Investment in Nigeria is the best business you should put into account. Nigeria has the best conducive environment for business and investment compared to other countries in West Africa and as the country grows, many people tend to leave rural life for urban life for that reason, there is always a shortage of housing in every city and town in Nigeria.
There are many business opportunities in Nigeria but real estate investment outcompetes them all. In this article, therefore, we bring you the advantage of investing in real estate in Nigeria compared to other businesses. There are many advantages of real estate investment compared to other investments in Nigeria. For example, if you buy stocks from a stockist, you may aim to get profits when that stock appreciates. You may also have the dividends announced by the company in mind. If you invest in bonds, the interest earnings from the bonds may be the aim with which you make the investment. But, in real estate investment, you get more advantages.
Let us have a look
Every investor wants his cash back as quickly as possible; real estate investment in Nigeria gives the quickest money guarantee. After investing your money, the first income you may get from making an investment in a property is the rental income. Some investor is lucky and gets good locality like city centers. Near universities can be rented by colleges as hostels. Here your rental income will be substantial and the profits will be quicker.
You can also have good control over your cash flow if you invest in properties in Nigeria that fetch you rental incomes month after month. If you go through the statistics, rental incomes have always been much greater than the dividend incomes you get by investing in stocks. Of course, in stocks, if you are extremely lucky, a sudden surge in the value of your stocks. May get you good returns if you sell the stocks at the most opportune time.
If you are keen enough, you may have observed that real estate investments in Nigeria appreciate to a reasonable extent over a period, of every 3 years, the rental dues double depending on the area in which your property is situated. If the property is situated in a developing area like Igbesa, Mowe, or Ibeju Lekki where many projects are coming up, the appreciation will be quite high.
Another reason why you should invest in Real Estate is that Rental income will act as good protection against inflation. Even if inflationary trends prevail, when you get rental income from your real estate investment, it will act as a cushion because your mortgage payment will not undergo a change due to inflation.
More About Real Estate Investment In Nigeria
You know property investment or real estate investment appreciates over and over again as you keep paying off your mortgage amounts. The equity value of your real estate investment will be increasing. This can be utilized by taking a loan equivalent to the equity value of the property. Any financial institution or bank will be ready to extend loans to you.
For your information, if you are blessed enough to get a property in a good locality like Badagry and Igbesa at a good price. Maybe less than market value, but you can make good money out of it. There are some people who buy properties at lower prices and flip them within a short time of about six months to make good profits.
This business is highly lucrative but you need to tread with caution if you want to do it. You must choose the properties that are certain to appreciate and further, the properties must have a clear title. If you patiently search, you are sure to clinch such deals.
Notwithstanding some small loopholes like property investment scammers, a real estate investment in Nigeria is one of the wisest investments. That can get you many advantages on the financial front.