{"id":1590,"date":"2017-03-06T03:35:32","date_gmt":"2017-03-06T03:35:32","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/experts-outline-emerging-trends-in-2017-property-market\/"},"modified":"2017-03-06T03:35:32","modified_gmt":"2017-03-06T03:35:32","slug":"experts-outline-emerging-trends-in-2017-property-market","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/experts-outline-emerging-trends-in-2017-property-market\/","title":{"rendered":"Experts outline emerging trends in 2017 property market"},"content":{"rendered":"

\n<\/p>\n

\n
\"\"<\/p>\n

Real estate<\/a><\/p>\n<\/div>\n

With this year offering the most challenging moments in the real estate sector, industry experts believe the property markets will continue to change, shift and evolve, sometimes quite dramatically.<\/p>\n

They argue that in the midst of the harsh economic atmosphere, there are pockets of opportunities, which could boost the real estate industry. The experts met a one-day organised by Fine and Country West Africa as apart of its yearly Real Estate<\/a> Leaders Network (RELN) breakfast Gold Session in Lagos.<\/p>\n

The vision of RELN is to bring together thought leaders and investors in the real estate sector to discuss the economic outlook and provide a guide for real estate opportunities<\/a> in the year.<\/p>\n

Leaders ranging from developers, financiers, investors, High Net worth Individuals, regulators, researchers and marketers, gathered to discuss the theme: Economic and Real Estate Outlook 2017: Investing in challenging times. This theme was borne out of the need to champion discussions around identifying where the opportunities are in the perceived challenging times.<\/p>\n

Leading the discussions with a keynote address was Prof. Pat Utomi. He dwelled on four growth drivers\u2019 framework; policy choice, institutions, human capital and entrepreneurship. These variables are largely determined and influenced by leadership. Leadership determines the melting point among these independent variables.<\/p>\n

The Chief Executive Officer, Fine and Country West Africa, Mrs. Udo Okonjo noted that, real estate is changing. \u201cThe concept of location needs a re-look. Prime locations still remain prime locations but some emerging locations are beginning to require a relook at the definition of location. Location has to be re-discussed as access is redefining the value of certain locations.<\/p>\n

\u201cAnother important emerging trend which needs to be explored is the millennia housing<\/a> market which is a huge part of the middle income market. The millennial market basically needs affordable functional spaces- two to three bedrooms. This market is important for real estate developers as they must begin to target first time homeowners and not just repeat buyers. Properties re-engineered and built for solution for this emerging markets.\u201d<\/p>\n

Okonjo who described the real estate sector as a mirror of the economy, which directly reflects the economic status of the nation, emphasised that even the premium real estate market has its peculiar pockets of opportunities.<\/p>\n

She said: \u201cPrime locations still remain prime locations but properties on prime locations can be re-designed to fit the present day reality. One of which is the apartment style of living as against the villa style. Market intelligence is increasingly pointing towards affordability and accessibility, which does not necessarily imply low cost housing. Oakwood residences typifies this model of market intelligence- contemporary apartments in the prime Ikoyi suburb.\u201d<\/p>\n

According to her, the confidence level of diaspora investing should be addressed and developed to attract direct foreign investments. Mrs. Okonjo also mentioned the retail hub opportunities in locations like Ikoyi and Lekki Phase 1.<\/p>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate With this year offering the most challenging moments in the real estate sector, industry … Experts outline emerging trends in 2017 property market<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1335,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[519,4751,1403,523,1398,12908,543,627,344,684,1384,3058,11,15272,1007,416,41,140,818,84,1429,2878,857,15296],"class_list":["post-1590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-amazing","tag-buy","tag-country","tag-developers","tag-home","tag-home-buying-guide","tag-homeowners","tag-housing","tag-lagos","tag-lekk","tag-location","tag-low-cost-housing","tag-outlook","tag-owners","tag-properties","tag-property","tag-property-market","tag-real","tag-real-estate","tag-real-estate-industry","tag-real-estate-market","tag-real-estate-sector","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Real-Estate1.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14143,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-estate-sector-foresees-hard-time-as-dollar-rate-move-up\/","url_meta":{"origin":1590,"position":0},"title":"Real estate sector foresees hard time as dollar rate move up","author":"Amazing Property","date":"November 20, 2022","format":false,"excerpt":"\u00a0 Property developers and experts have warned that real estate sector would be worst hit, if the situation persists. Following persisting unfavourable policies and a full-blown foreign exchange rate crisis that has brought Nigeria\u2019s economy to a halt, property developers and experts have warned that real estate sector would be\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Real estate sector","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/09\/Real-estate-sector.jpg?fit=400%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8328,"url":"https:\/\/amazingproperty.com.ng\/blog\/experts-offer-new-strategies-to-navigate-real-estate-market\/","url_meta":{"origin":1590,"position":1},"title":"Experts offer new strategies to navigate real estate market","author":"Amazing Property","date":"February 19, 2018","format":false,"excerpt":"Fresh insights to weather the harsh economic climate have been provided by eggheads in the real estate sector, who believe that despite the turmoil in the market, the industry is headed to a better year. They expect continued appetite for prime commercial real estate in 2018 with investors increasingly focused\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mixta-Real-Estate.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mixta-Real-Estate.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mixta-Real-Estate.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mixta-Real-Estate.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mixta-Real-Estate.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":27203,"url":"https:\/\/amazingproperty.com.ng\/blog\/experts-predict-2-9-real-estate-growth-this-year-2022\/","url_meta":{"origin":1590,"position":2},"title":"Experts predict 2.9% real estate growth this year 2022","author":"Amazing Property","date":"January 11, 2022","format":false,"excerpt":"Real estate growth is projected at 2.9 per cent this year 2022 this should increase the sector\u2019s contribution to the nation\u2019s Gross Domestic Product (GDP) \u00a0 Notwithstanding heightened uncertainty and affordability challenges, experts are optimistic of improvement in the sector this year. They anticipate opportunities, high demand and stable real\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"real estate growth","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/01\/real-estate-growth.jpg?fit=1080%2C811&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/01\/real-estate-growth.jpg?fit=1080%2C811&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/01\/real-estate-growth.jpg?fit=1080%2C811&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/01\/real-estate-growth.jpg?fit=1080%2C811&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/01\/real-estate-growth.jpg?fit=1080%2C811&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6822,"url":"https:\/\/amazingproperty.com.ng\/blog\/chartered-surveyors-urge-enabling-environment-for-real-estate-sector\/","url_meta":{"origin":1590,"position":3},"title":"Chartered surveyors urge enabling environment for real estate sector","author":"Amazing Property","date":"October 30, 2017","format":false,"excerpt":"Real estate Members of the Royal Institution of Chartered Surveyors (RICS), Nigeria group have called on the Federal Government to create an enabling environment for real estate sector, which will boost economy. The real estate experts, who spoke at the Annual General Meeting (AGM) and induction of new members, dwelled\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Real estate news","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2217,"url":"https:\/\/amazingproperty.com.ng\/blog\/nigerias-real-estate-sector-to-record-5-39-per-cent-growth\/","url_meta":{"origin":1590,"position":4},"title":"Nigeria\u2019s real estate sector to record 5.39 per cent growth","author":"Amazing Property","date":"March 20, 2017","format":false,"excerpt":"Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020. The growth, experts said, would however depend on the supports from private and public investments, agricultural revolution, favourable oil prices, increase in volume of oil\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Real-Estates.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Real-Estates.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Real-Estates.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Real-Estates.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Real-Estates.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7958,"url":"https:\/\/amazingproperty.com.ng\/blog\/experts-forecast-real-estate-sub-sector-as-investor-hub-in-2018\/","url_meta":{"origin":1590,"position":5},"title":"Experts forecast real estate sub-sector as investor hub in 2018","author":"Amazing Property","date":"January 30, 2018","format":false,"excerpt":"By\u00a0Kingsley Adegboye Experts in real estate sub-sector of the nation\u2019s economy have identified the sub-sector as one of the potential revenue drivers for the Nigerian economy in 2018. This is based on the sector\u2019s performance so far in the year as well as outlook for the rest of the year.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Housing Starts","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32.jpg?fit=446%2C269&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1590"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1590\/revisions"}],"predecessor-version":[{"id":90720,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1590\/revisions\/90720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1335"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}