₦airaland Forum

Burob:
Same reason why we operate here in Nigeria The Land Use Act 1978.

Yeah but it is still not that effective. Like I said earlier our major issues are weak institutions, inconsistency in our policies and the worst of all corruption. All in all these doesn't make real estate a bad investment, that's my stance.

Jakarta:
Yeah but it is still not that effective. Like I said earlier our major issues are weak institutions, inconsistency in our policies and the worst of all corruption. All in all these doesn't make real estate a bad investment, that's my stance.

I agree with u

Burob:
Ok, same here I inherited so much real property (developed & not developed), it will take me years to sell them off completely.

I see no reason to hold on to them.

I sold one 2023

Jakarta:
Every investment have it's cons and pros. Yes you can lose your lands during wars, or if the government has interest in the land. But that doesn't make real estate necessarily a bad investment. A land I bought for #1.2M in 2017, is currently being priced for ₦8M but I won't sell.

1.2m in 2017 be like 10m now sha..

mightyhaze:
1.2m in 2017 be like 10m now sha..

Not even close based on CPI and even inflation 1.2M in 2017 should be around ₦4 - 5M at most.