The Nigerian real estate industry is easily one of the most profitable and promising investment opportunities open to Nigerians living abroad. Property in Nigeria yields a healthy return on investment for both short-term and long-term investors. Here are the top reasons Nigerians living abroad like you should invest in Nigeria’s real estate sector.


Creates a Fresh Source of Income

Nigerians living abroad can acquire property for commercial use. Such investment opportunities enable you to charge renters monthly or annual rent based on an agreement. For example, you could buy a 3-storey building in one of Ikeja’s commercial districts like Computer Village and redesign it to have blocks of stores. You then rent out these stores to merchants. The more centralised the location is, the higher the rent you can charge. Another good thing about this is that the rent you charge is subject to the laws of demand and supply as well as a steady appreciation in value with the passage of time.

This provides you with a new source of income regardless of what you do for a living. You could have a job as an Auditor based in Canada and invest in the Nigerian real estate sector. With the advent of the internet, you can achieve this without having to relocate.

Opportunity For Land Flipping

Land flipping happens when you buy land from a seller who does not have as much knowledge as you do about the real estate market. When you buy the land, you then resell quickly for a large profit. For example, you can buy a plot of land in Ikorodu for N700,000 and resell to another buyer at N1.3 million in a space of 6 months. Before you flip a land or property, it’s important that you carry our repairs, redesign or renovations to justify the new price.

It stands out as one of the most profitable real estate opportunities in Nigeria. What you need is a trusted real estate lawyer, property agent and the money to buy the land. Your level of investment will rest largely on how much capital you have to invest. You can start with a couple of millions.


Stable and Promising Return on Investment

Real estate investments in Nigeria yield a decent return on investment, which is the frontier of investment opportunities for Nigerians living abroad. The return on investment on other opportunities in Nigeria including stocks, exportation and the automobile industry has not been as stable as the property investments over the years. For the real estate industry, the returns are higher.

Helps You Build Rewarding Real Estate Experience

When you begin to invest in the Nigerian real estate market, you realise things that you never paid attention to. For instance, if you get knowledge on a government plan to build a tertiary institution close to a rural community, that would be a perfect time to buy a land or property there. 10 years down the line, there is a possibility of making 1000% return on investment when the school is in need of hostels and accommodation for its academic and non-academic staff.


The Perfect Retirement Plan

Investing in the real estate in Nigeria for long-term benefits is one of the best ways to ensure that by the time you retire, you no longer have to struggle with paying your rent. This is perfect for you if you plan to relocate to Nigeria upon retirement. There are also different options open to you. You could build or buy a house and rent it out. This guarantees a steady flow of income for you. If you own property within prime neighbourhoods like Ikoyi and Ikeja, your retirement is covered. If you decide to sell 20-30 years after you acquired it, you’re certain to get even more value for your investment.

Opportunities For Open Space Leasing

This is one of the easiest ways to invest in real estate in Nigeria. How does this work? You buy a property or land in a very central location like Lekki and lease it to those in need of makeshift space. The land or space can be leased to entrepreneurs investing in different businesses. It is a win-win situation for you because while your land or property earns you return on investment, it also appreciates in value.

The Government is Also Investing

The Nigerian government underscored its investment interest in the nation’s real estate market by rolling out N1 trillion real estate fund as part of efforts to develop the infrastructure base of the nation. If the government is willing to commit 31% of the 2017 budget capital expenditure to strengthening the property market, it is an opportunity you should take advantage of.


It is a Safe Investment

Investing in the real estate market in Nigeria is not as volatile as other investment options you might come across. Property investments are safe in Nigeria for two reasons. It is a paying asset and increases in value.


You Don’t Need to be a Specialist

You don’t have to be a specialist in the real estate sector for you to invest in it especially when you are a Nigerian living abroad. Things like stocks and shares require a deeper level of knowledge to be able to successfully invest in them but with property investment, what you need is trusted real estate advice and a property website with choice listings.

Final Thoughts

For you, investing in the Nigerian real estate is a win-win opportunity for you because it has both short-term and long-term benefits. Before you invest, ensure you are armed with expert advice and tips on different parts of the Nigerian real estate industry. Technological advancement has made this easier with the online platforms that make it possible for you to access property listings despite living outside Nigeria.


https://www.privateproperty.com.ng/news/nigerian-living-abroad-reasons-invest-real-estate/

My guys in abroad, hope you are reading this. Leave those white girls alone and invest in Nigeria.

Interesting

Checkout my thread for land deals at akute and ofada

unless someone has ....
A) desire to invest in Nigeria
B) desire to invest in real estate in Nigeria
C) money to build on that land automatically
D) someone trustworthy to keep track on whats happening on the land/construction
E) misplaced need for investment in an unsettled economy like Nigeria's (instead of a safe environment in the west)

... then there would be ABSOLUTELY no need to want to invest a dime in Nigeria, let alone Africa.

MrBrownJay1:
unless someone has ....
A) desire to invest in Nigeria
B) desire to invest in real estate in Nigeria
C) money to build on that land automatically
D) someone trustworthy to keep track on whats happening on the land/construction
E) misplaced need for investment in an unsettled economy like Nigeria's (instead of a safe environment in the west)

... then there would be ABSOLUTELY no need to want to invest a dime in Nigeria, let alone Africa.

I have people abroad. Your points make some sense.


lalasticlala, mynd44, seun, dominique

Q

Ok

Only if they have someone they can trust and rely on.....
Not like the case of the man who locked up HIS parents due to this same issue just last week!

The worst thing in life is after working so hard abroad ...and after years of labour.....u decided to invest at home.....then you call up that your "TRUSTED" brother, sent him money to build for u.. You came back after sometime and discovered you've been scammed ..and all this while, you're only seeing pictures of your imaginary project.


ALL YOU NEED IS SOMEONE YOU CAN TRUST OVER HERE OTHERWISE.. ..OYO IS YOUR CASE


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For some years now, My team has handled building projects from Design(Architectural/Structural) to construction and supervision. Having gotten most of the project via Nairaland. We will execute your project even in your absence, while minimizing coat and still maintaining a good quality. Check on my profile, you'll be glad you did.

The land flipping was the reason I refused to support my dad in selling his land in Ph despite the urgent need of cash he had

investment in Nigeria


say another thing

Best investment ever real estate

Agreed! Nice points


You might need a real estate management website! I will create for you.
(0-8-1-3-0-7-6-7-3-5-7)

Contact me if interested in doing so in Abuja!

Real estate is one of the best investement

That moment you send your parent some cash to help you invest in real estate and your own biological father use the money to play pool

As lucrative as Real Estate is, just one wrong step and that individual is gone.

Too many wicked and greedy people around now. A trusted and reliable company is better to handle such tasks.

Thanks Op

.

propertynigeria:
My guys in abroad, hope you are reading this. Leave those white girls alone and invest in Nigeria.

No way the diper the root the sweeter the juice we dey here

The quickest way to lose your hard earned money is to invest in Nigeria.

My biggest regret in life was investing in Nigeria.

Never again.

My investments here has already yielded over 150%,but those in Nigeria are nearly 75% gone. I would only advise a diasporian that has no papers to invest in Nigeria,but if you already have all your documents,then look elsewhere.

Yes ooo. You can call me for plots in Isheri North GRA.

Good morning,
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Alariiwo:
As lucrative as Real Estate is, just one wrong step and that individual is gone.

Too many wicked and greedy people around now. A trusted and reliable company is better to handle such tasks.

Yes