{"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":"

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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

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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_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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}},"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,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7580","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=7580"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6645"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}