{"id":7580,"date":"2017-12-23T02:24:13","date_gmt":"2017-12-23T02:24:13","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/there-is-hope-for-property-investment-in-west-africa-experts\/"},"modified":"2017-12-23T02:24:13","modified_gmt":"2017-12-23T02:24:13","slug":"there-is-hope-for-property-investment-in-west-africa-experts","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/there-is-hope-for-property-investment-in-west-africa-experts\/","title":{"rendered":"There is hope for property investment in West Africa \u2014 Experts"},"content":{"rendered":"

\n<\/p>\n

\n

By Rotimi Agbana<\/p>\n

The real estate<\/a> sector in Nigeria is about to take a huge leap in 2018. This new revelation stems from the real estate conference West African Property Investment Summit (WAPI) recently held in Lagos at Eko hotel<\/a> and Suits Expo Centre.<\/p>\n

<\/p>\n

\"\"<\/p>\n

Stakeholders at the summit made it clear that the future is bright in Nigeria as there are still a lot to be tapped in the real estate sector. Despite the problems of funding<\/a> and investment in the sector, the ever growing Nigerian population makes the real estate business<\/a> thrive.<\/p>\n

It was noted that the sector has emerged the sixth largest in the country, accounting for 8.4 percent of the total Gross Domestic Product in 2014; and in the second quarter of 2015, the sector grew by 18.78 percent.<\/p>\n

Today, there is a growing interest and focus on investment grade assets within the retail and office space with increased government interventions and support for the housing<\/a> sector such as the World Bank-led housing initiatives.<\/p>\n

Present at the gathering was Mr. Bolaji, CEO Broll Property Group, Paul Owuanibe, CEO, Landmark Group and other Captains of real estate industries in Nigeria.<\/p>\n

It was also noted that there is a paradigm shift from luxury development to middle income housing and affordable housing<\/a> schemes through private-public partnership arrangements; and the potential to bridge the housing gap in Nigeria.<\/p>\n

Speaking at the summit, Mr. Kfir Rusin, MD, API Events said it is estimated that with a shortfall of 17-million housing deficits in Nigeria alone and a funding requirement of 363billion dollars, there should be a change in demographics and increasing urbanization which will create opportunities for investors in the long run.<\/p>\n<\/p><\/div>\n

Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Rotimi Agbana The real estate sector in Nigeria is about to take a huge leap … There is hope for property investment in West Africa \u2014 Experts<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6645,"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":[519,1399,344,684,522,41,84,123,857,15282],"class_list":["post-7580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-development","tag-housing","tag-lagos","tag-nigeria","tag-property","tag-real-estate","tag-real-estate-business","tag-real-estate-sector","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/estate-09.jpg?fit=412%2C306&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7865,"url":"https:\/\/amazingproperty.com.ng\/blog\/firm-predicts-massive-scramble-for-african-real-estate-in-2018\/","url_meta":{"origin":7580,"position":0},"title":"Firm predicts massive scramble for African real estate in 2018","author":"Amazing Property","date":"January 22, 2018","format":false,"excerpt":"PHOTO: LAGOS HOMS Demand for investment in African real estate is expected to reach a fever pitch in 2018, and beyond, as the continent\u2019s markets turn to growth after years of trying trading conditions. The prediction, Africa\u2019s leading provider of real estate development and investment conferences, API Events said, followed\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":"Lagos Housing.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Lagos-Housing.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\/11\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5602,"url":"https:\/\/amazingproperty.com.ng\/blog\/firm-sees-25-increased-uptake-in-real-estate-from-diaspora-investors\/","url_meta":{"origin":7580,"position":1},"title":"Firm sees 25% increased uptake in real estate from diaspora investors","author":"Amazing Property","date":"August 7, 2017","format":false,"excerpt":"Administration\/Client Service Executive, Fine and Country West Africa, Funmi Ekpenyong (left); Business Development and Sale Officer, David Mbah; Business Development and Sale Consultant, Nonye Mike-Nnaji and Dennis Aribido during a media event in Lagos. 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