DOLLAR TO NAIRA EXCHANGE RATE IN RELATION TO REAL ESTATE

HOW TO TAKE ADVANTAGE

In 1985, the Naira was the equivalent of the Pound Sterling and stronger than the dollar. In 2005, the dollar exchange rate was N132 and in 2015, a naira was N180-N219 per dollar. The devaluation of Naira cannot be overlooked as of late, there has been a major drastic fall in the exchange rate. On Tuesday, 26th July, 2022, there was an outstanding decrease, a day after the currency recorded a merge gain at the spot market. The persistent naira depreciation has been attributed to dollar shortage at the official market.
Exchange rates have the most impact on foreign real estate investors because as the foreign currency increases compared to that of a weak country’s currency, they have more purchasing power and can buy more property. The current exchange rate is N710 per 1 dollar, which automatically gives one an edge over domestic investors.
Real estate investments such as; land properties, hotels, short-let apartments, houses have been a major source of income for people living in the diaspora. One can earn in dollars and stack up some to invest in real estate of their local country for purpose of accumulating wealth by earning or securing some assets in their homeland for cheaper.
The fluctuation of exchange rates have continued over the years and this instability can be taken advantage of by investing now as this exchange rates alterations could lead to an inflation in real estate prices in the future.
Atobe provides one with secured properties in fast developing areas surrounded by beautiful locations. With a titled property, excellent documentation, a payment plan and records, one can acquire a secured property from anywhere in the world.
NO BETTER TIME TO INVEST THAN NOW!
Contact for premium and viable real estate investment: 08069419840.