Nigeria is famous for her abundant mineral resources, most especially her large land mass which have brought great revenues to her and as a result, make promising outlook for investment and future growth.
One of the most promising and lucrative investment opportunity is the real estate sector. Over the years, Nigeria has grown to become a fast and attractive destination for foreign investors, even in view of challenging economic and political transformations. Within the past 5 years, the country’s foreign investment has seen a dramatic increase. This foreign participation increase and investment would not be possible if the report of investors and their investment have not been profitable.
With a populace of more than 180 million individuals, the interest in quality housing is on the expansion every day. This allows foreign investors to invest in a wide range of commercial properties, such as office complexes, apartment buildings, shopping malls, hotels and so on. Even with the fast-growing market in the real estate sector most especially in Lagos and Abuja, there are still lots for foreign investors to explore. The increasing request for housing in Nigeria can mean a major open door for foreign investors, multinational development and construction companies.
It is common knowledge that one of the challenges prospective investors face most especially foreign investors, is the challenge of understanding the process of real estate investment in Nigeria. There is the legal aspect and other rules of real estate and construction in Nigeria. For every land transaction and investment in Nigeria, you need a LAWYER that is well grounded in the real estate sector to help oversee the success of the project as it relates to drafting and signing of necessary contracts agreement and land instruments.
A foreigner will also need the help of a property consultant. A PROPERTY CONSULTANT guides and gives you the best on property investment in Nigeria, the best place and location to invest that will relate with the business prospect and possible help in locating the best land for such purpose..
In most cases, a foreign investor will also need the help of a CONSTRUCTION AND DREDGING COMPANY for bush clearing, sand filling, dredging and other land clearing processes.
After construction, every foreign investor should bear in mind that AN ESTATE AGENT is needed to complete the process of the project. An estate agent or agency as the case may be is responsible for leasing out property of an already completed projects or connecting a foreign investor with the right buyer. If you are a foreign investor about entering the Nigerian real-estate market, the best time is now.
For more information, advise and consultation bothering on immigration issues, foreign investment and participation in the Real Estate or any other sector in Nigeria, contact:
5A Dozek Close,
Off Alternative Route,
Lekki, Lagos State, Nigeria.
TEL: +2348034869295, +2348020550410