Real Estate business in Nigeria is one of a kind. There are very few businesses currently in Nigeria that offer entrepreneurs the opportunity made available by real estate business. When properly managed, the profitability of real estate business in Nigeria knows no bound. One thing extremely good about real estate business market is that the investment opportunities are so diverse that there seems to be something for everyone. Anyone who wish to invest can invest whether he has thousands or billions of naira, you can even invest without a dime in your pocket.

Other Helpful Resources
11 Must-Know Tips Before Investing in Real Estate

In this article, I am going to share with Nairalanders the top 5 real estate business opportunities in Nigeria.

1. Land Flipping
Land or property flipping occurs when property is purchased from a seller, that is not familiar with the real estate market, and the buyer then quickly resells the property for a large profit. When properties are flipped, usually minimal, if any, improvements are made to justify a higher price.

This is one of the smartest real estate business opportunity in Nigeria and requires no effort whatsoever. Just your money and knowledge and you are good to go. You will need substantial amount if you want to make hundreds of millions but you can start small by buying just one plot and grow to buying tens of plots and acres of lands and keep selling all year round.

2. Property Development
Property development as a real estate business opportunity in Nigeria is capital intensive. Here, the investor purchases property and develops it into a bigger and better property. This is where the big guys in the industry are doing their stuffs. They acquire properties in nice locations, develop it into luxury apartments, commercial structures, etc and sell at a very high profit margin.

Why Real Estate is the Best Investment For Your Money


3.Open Space Leasing
This works in a simple and unique way. Buy a property in a good location and lease it out for makeshift use. You can lease it to churches or business that wants to develop a makeshift outlet such as car wash and mechanics. They will be paying you monthly rent while the property still appreciates for future sell. It is like borrowing money for someone and get paid double interest and still get your money back.

4. Real Estate Agency
This one is the simplest and easiest of them all. It is not investment per say but service rendering. How it works? Go round and look for properties to let and for sale, advertise your service and help secure clients for the property owners, you will be paid percentage as commission based on the amount the property is sold or rented. You can start with little or no money and if you are smart enough, you will grow to become a giant realtor.

5 Reason You Should Invest in Real Estate in Nigeria

5. House/Office Rent
Build a house and put it up for rent, get paid all year for a life time. With the growing population in Nigeria, housing is a necessity for live in the country. Hence, building affordable housing unit for rent is a very profitable real estate business opportunity in Nigeria.

The opportunities available in the real estate business is not limited to these five mentioned above.

Source: Cocreatit

Other Helpful Resources
11 Must-Know Tips Before Investing in Real Estate
Why Real Estate is the Best Investment For Your Money
5 Reason You Should Invest in Real Estate in Nigeria

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How to start real estate business in Nigeria
https://www.landforsale.ng/start-real-estate-business-nigeria/

Any of these opportunities can be annexed with ease when you begin as a real estate broker or consultant.

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You can actuall learn how to start a real estate agency business in Nigeria and succeed in the venture....