₦airaland Forum

Lombrozo:
Good topic
I will choose to put my money on property as it gives rest of mind but doesn't yield much compare to business or stock.

Kobicove:
Owning a house will always be a good investment, everyone should aspire to own at least one landed property

escortafrik:
My uncle is 70 years old and owns about 10 blocks of flats in Surulere, Lagos. Today, he makes around ₦40 million annually in rent, and that investment allows him to live a very comfortable life.

What makes his story interesting is that he didn’t become a property owner overnight. He was a civil servant and built the property gradually through his cooperative savings over almost 20 years.

I have always admired his journey, and recently I started asking myself:

Is property really one of the best long-term investments someone can make?

But when I discussed this with my cousin (his son), he had a completely different opinion.

He said if he had that same money today, he would rather invest in stocks or other assets. His argument was that he remembers the difficult years when the family struggled because a large part of his father’s salary was deducted for cooperative contributions and building the property.

He also pointed out the challenges that come with being a property owner:

Maintenance costs

Tenant issues

Time and stress managing properties

The fact that money is tied up and not easily accessible

But I still believe there is something powerful about owning property. Land appreciates over time, it provides security, and it can create generational wealth.

Some of my friends also disagreed with me. They believe businesses, stocks, and other investments may provide better returns and more flexibility.

So I’m bringing this question to the forum:

What do you think?

Is buying a house the smartest investment a Nigerian can make?
Or Should people focus on other investments before buying property?

I would like to hear your opinions 👇


https://community.escortafrik.com/d/296-is-property-still-a-good-investment-in-nigeria-today

mikeapollo:
What is sustaining big billionaires like Okoya, Folawiya etc is not their investments in stocks. It is their investments in property.
But make sure the property is situated in a place where rent income is good. Your uncle is lucky because Surulere is a hot cake!
Just think about the rent income that Okoya is receiving from all his assets littered all over Lagos.

Remember, the investments in stocks can be lost if the company should fold up or get liquidated. But it can also give you higher returns if you are fortunate. High risk higher rewards.

But for peace of mind, properties in choice areas are the best.

escortafrik:
My uncle is 70 years old and owns about 10 blocks of flats in Surulere, Lagos. Today, he makes around ₦40 million annually in rent, and that investment allows him to live a very comfortable life.

What makes his story interesting is that he didn’t become a property owner overnight. He was a civil servant and built the property gradually through his cooperative savings over almost 20 years.

I have always admired his journey, and recently I started asking myself:

Is property really one of the best long-term investments someone can make?

But when I discussed this with my cousin (his son), he had a completely different opinion.

He said if he had that same money today, he would rather invest in stocks or other assets. His argument was that he remembers the difficult years when the family struggled because a large part of his father’s salary was deducted for cooperative contributions and building the property.

He also pointed out the challenges that come with being a property owner:

Maintenance costs

Tenant issues

Time and stress managing properties

The fact that money is tied up and not easily accessible

But I still believe there is something powerful about owning property. Land appreciates over time, it provides security, and it can create generational wealth.

Some of my friends also disagreed with me. They believe businesses, stocks, and other investments may provide better returns and more flexibility.

So I’m bringing this question to the forum:

What do you think?

Is buying a house the smartest investment a Nigerian can make?
Or Should people focus on other investments before buying property?

I would like to hear your opinions 👇


https://community.escortafrik.com/d/296-is-property-still-a-good-investment-in-nigeria-today

AlphaTaikun:
Nice thread.

Investments in at least one residential property is key. Financial markets (stocks) and other assets also give very good ROIs for medium to long-term cash flows.