A pertinent question begs a pertinent answer … Real-Estate-Earth’s-new-GOLD
What is ‘Real Estate’?
Real estate is property made up of land and the buildings on it as well as the natural resources of the land. These natural resources include uncultivated flora and fauna, farmed crops and livestock, water and minerals. The media often refers to the “real estate market” from the perspective of residential living. There are four broad types of income-producing real estate. They are offices, retail, industrial and leased residential. There are many other less common types as well, such as hotels, mini-storage, parking lots and seniors care housing. Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit.
Why is it good to invest in Real-Estate-Earth’s-new-GOLD?
In recent times, the government has established partnerships with private housing developers in building middle class housing estates in Nigeria. These include companies such as EUC Homes, Landwey Investments Ltd, Revolution Plus Ltd etc. Under this partnership, the Nigerian government provides the land while the developers are expected to construct and finance the housing units. Since the establishment of this scheme, over 89 estate developers have taken up this initiative. More Public-Private Partnership (PPP) projects are also coming on stream, creating more opportunities for investors.
The housing sector is essential to the socio-economic transformation of the country. It holds a great potential in the realization of Nigeria’s vision 2020. With the country’s population growth of 2.3% per annum, there is rapid urbanization of major cities and rising income level. These factors pave the way for sustainable demand for affordable residential housing in Nigeria in the near term. Thus the sector has become very attractive to potential investors.