When setting up a bear market, a lot of anticipation and pessimism is revealedâ¦ but without it, the bullish cannot prevail. Can we remember that what goes up must come down, while nothing stays the same? The angst that dominates Nigeria’s real estate sector is not new, but since when has this deterred the rise? A wise investor is a relentless visionary … coordinating the axis to invest in top-notch areas. Prices drop in the more luxurious projects, while some are checking, while discerning buyers know it’s only a matter of time to embrace and give in. Now is the time to reserve your ROI, or buy and quantify the returns.
Either way, real estate isn’t waveringâ¦ it flies off against adversity and, in the worst case, hits breakeven. Learn to play on the pitch and don’t fear itâ¦ there is no other way but to go up. Nigerians want and want to return home, and always listening to the possibilities, it is our collective effort and professional know-how to administer methods of practice that identify a healthy platform and initiate a forward -productive guard against wind and tides. The medium term seems to be the pace judging by the historical scenes of the country in the 80s causing stagflation which sent many backpackers.
Nigerians have not forgotten their history and the result is a real estate market in PTSD (Post Traumatic Stress Disorder). Let us remember once again, the pandemic has changed the global landscape, and a drop does not mean an end to all, but rather a strong opportunity to invite a blow in the barriers to entry into the market (although it does may currently seem indirect) while shifting the stagnation and repetitive methodologies of complicated business. It’s unequivocally crazy, doing the same things and expecting different results.
The world is going through its teenage rebellion, and Nigeria is no exception. Professionals are tested to perform at different scales, push boundaries and shape a new future with or without the previously perceived context of addiction. Although costs have gone haywire through the exchange, blue chip developers have become tuned in to wider and more available possibilities to ride in unison with their customer base, in order to achieve fair transactions and considerations. long-term.
On the other side of the spectrum, Lagos has never witnessed the amount of meticulous development we are experiencing in areas like Victoria Island and Eko Atlantic, while also underway at Ikoyi and Banana Island. The developers understand that savvy buyers seek to be impressed with the ultimate in comfort and safety, despite the due diligence of all parties involved. The headaches of power outages, sewage systems, and civilized conveniences in general are deeply reflected from inception in the living room. Janitorial services have become a rising trend that spoils customers on a daily basis, and smart homes are expected for average to top spend.
Commercial real estate has already started to climb after the Covid crisis as owners are open to partnering with ambitious projects and assigning the task force that regulates the quality assurance and control process. Contacting the developers and their exclusive representatives can save you from the predicament and arm you with knowledge that advertisements alone cannot reveal.
The volatility of Naira has prompted professional agents to creatively administer financial solutions that ensure stable returns and thereby strengthen positioning. Maintain faith in a craft that has created wealth globally since the dawn of time amid the times of depression, and has started to raise standards and technology locally and recently.
Hala B., is the CEO of Jupiter Investments Global Solutions Ltd.