5 Reason You Should Invest in Real Estate in Nigeria

5 Reason You Should Invest in Real Estate in Nigeria
There are several lucrative business opportunities in Nigeria which you can venture into, but real estate investment is one of a kind.

order clomid online Why do I say this?

Real estate investment is one of the various business opportunities in Nigeria that delivers high return on investment with little or no tax compared to other businesses in Nigeria. With the growing population in the country, there is high deficit of housing in virtually every city and town in the country.
The real estate market is indeed a very viable market with vast investment opportunities, a lot of people seeking financial freedom in Nigeria are oblivious of this fact while others that know think only on the disadvantages which amount to nothing compared to the benefits to be reaped.
In this article, I am going to give you some reasons why you must should in real estate business in Nigeria.

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1. Land always appreciates

Real estate investment unlike other investments appreciate with time. Some investments diminish with time, others fluctuate and eventually come crashing down like a pack of cards. But lands almost never depreciate in value. More often than not, they appreciate exponentially. You might buy a land in a developing area, and because it is in a developing area you get it cheap. Over time, when the area becomes fully developed, you will  find out that your land has appreciated.
Nigeria is a fast growing and emerging economy in the world, investors are trooping into the country. This means more industries and companies will be created, this calls for land. This will make the value of land in the country to increase continually.

2. You can grow, tax-free

Real estate business is one of the few business opportunities in the Nigeria with favorable tax policies. In real estate business, the cash flow received from your rentals are not subject to self-employment tax. Due to depreciation and mortgage interest deduction, the government offers tax benefits and significantly lower tax-rates for long-term profits.

3. Nigeria’s population is increasing with housing deficit

Nigeria is one of the most populous country in the world with a growing 173 million population. Statistics recently released by the Central Bank revealed that Nigeria suffers a housing deficit of 17 million units. Researchers have also argued that Nigeria, with an estimated population of 173 million, requires at least additional 820,000 housing units per annum. With this kind of statistics in mind, the real estate business should be your next area of investment in Nigeria.

4. Money loses value over time

With the depreciating value of Naira, saving can never be an advisable option for your money. Even if you decide to put your money in a high interest account, at the end of the day, the net worth will be reduced by depreciating Naira value and inflation. However, if you invest it in real estate, your investment will take care of itself if you invest right, the rent from your investment will serve as your interest, and money you invested will continue growing.

5.    It is relatively easy to get finance

It may not feel like it when you’re applying for a mortgage, but lenders like property. Home loans are a major part of any bank’s business model, and lenders are more likely to lend on residential property than any other asset class including commercial property. This makes it a lot easier to borrow to invest in property than in any other asset class. Lenders especially commercial and mortgage bank know that real estate in Nigeria is very profitable and pose less risk compared to other business opportunities in the country.

There are vast investment opportunities in real estate for investors searching for proven investment in Nigeria. In the real estate industry, opportunities are always in the increase as population increases and many people seeking to own, rent or occupy properties. The profitability of the real estate industry in Nigeria is on a steady growth, hence, you should key into this opportunity.
Also Read  How Government Can Actually Help Startups in Nigeria

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One response to “5 Reason You Should Invest in Real Estate in Nigeria”

  1. […] whether he has thousands or billions of naira, you can even invest without a dime in your pocket.In my earlier article, I explained reasons why real estate is the best investment option for you in Nigeria. In this […]

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