{"id":7958,"date":"2018-01-30T05:05:04","date_gmt":"2018-01-30T05:05:04","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/experts-forecast-real-estate-sub-sector-as-investor-hub-in-2018\/"},"modified":"2018-01-30T05:05:04","modified_gmt":"2018-01-30T05:05:04","slug":"experts-forecast-real-estate-sub-sector-as-investor-hub-in-2018","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/experts-forecast-real-estate-sub-sector-as-investor-hub-in-2018\/","title":{"rendered":"Experts forecast real estate sub-sector as investor hub in 2018"},"content":{"rendered":"<p>\n<\/p>\n<div itemprop=\"description\" readability=\"101\">\n<p>By\u00a0Kingsley Adegboye<\/p>\n<p class=\"MsoNormal\">Experts in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> 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.<\/p>\n<p><!-- between content ad --><\/p>\n<p class=\"MsoNormal\">Although the economy was in recession at the beginning of the previous year, the exit from recession in the second quarter of 2017, has created an opportunity for rekindled activity and subsequent recovery for real estate, according to the experts.<\/p>\n<figure id=\"attachment_921889\" style=\"max-width: 446px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32.jpg?resize=446%2C269&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/plugins\/lazy-load\/images\/1x1.trans.gif?ssl=1\" class=\"size-full wp-image-921889\" alt=\"\" width=\"446\" height=\"269\" srcset=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32.jpg 446w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-300x181.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-58x35.jpg 58w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-260x157.jpg 260w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-200x121.jpg 200w\" sizes=\"auto, (max-width: 446px) 100vw, 446px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-921889\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32.jpg?resize=446%2C269&#038;ssl=1\" alt=\"\" width=\"446\" height=\"269\" srcset=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32.jpg 446w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-300x181.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-58x35.jpg 58w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-260x157.jpg 260w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32-200x121.jpg 200w\" sizes=\"auto, (max-width: 446px) 100vw, 446px\"\/><\/noscript><figcaption class=\"wp-caption-text\">\u00a0<a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">Housing<\/a> estate<\/figcaption><\/figure>\n<p class=\"MsoNormal\">At the third edition of the West Africa Property Investment, WAPI, summit which held recently, Broll CEO, Bolaji Edu reiterated the huge investment potential that exists in the Nigerian real estate sector. He noted that Nigeria as a power house in West Africa, has the capability to attract investors,<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>stressing that the diversification of the economy should be extended to the sector.<\/p>\n<p class=\"MsoNormal\">He noted that \u201cThe fund managers and asset managers with the property skills are able to drive excess returns. The market is creating good quality grade A Stock developed by local investors and international private equity firms, as well as completed assets generating stabilised returns, which investors in West Africa are targeting.\u201d<\/p>\n<p class=\"MsoNormal\">According to him, the capital base of real estate will keep growing due to investments in Grade A commercial office and retail segments of the sector, pointing out, however, that to cater for the needs of the domestic occupier market, there has to be development of good quality Grade B or Grade B+ investment.<\/p>\n<p class=\"MsoNormal\">\u201cThere has also been a rise in demand for space from sectors such as finance, oil and gas, professional services and technology, propelling a larger market for <a href=\"https:\/\/amazingproperty.com.ng\/blog\/create-a-real-estate-passive-income-stream\/\">real estate investment<\/a> in the country. Unlike in the past when most of the available rental spaces were taken up by businesses predominantly in oil and gas, demand enquiries are now more diversified.<\/p>\n<p class=\"MsoNormal\">\u201cThe market, however, remains a tenants\u2019 market as demand and supply remain in disequilibrium due to the existing and anticipated supply in the market. This stalls the scope of rental growth in the market,\u201d the Broll boss said.<\/p>\n<p class=\"MsoNormal\">In its Occupier Service Snapshot Report for 2017, Broll Nigeria\u2019s Head of Corporate Real Estate Services and Research, Nnenna Alintah, noted that the rental trend \u201cendured a consistent decline in the past three years due to the simultaneous increase in building stock and contraction in economic activities.\u201d<\/p>\n<p class=\"MsoNormal\">With bullish expectations for the Nigerian economy in 2018, it is expected that Nigerian commercial real estate will mirror this development although not immediately. In the short term, as the economy improves towards 2019, \u2018greenshoots\u2019 of rental growth should return. The sector is expected to also attract more investors during the year due to its long-term investment benefits.<\/p>\n<\/p><\/div>\n<p><a hre=\"https:\/\/www.vanguardngr.com\/2018\/01\/experts-forecast-real-estate-sub-sector-investor-hub-2018\/\"> Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Kingsley Adegboye Experts in real estate sub-sector of the nation\u2019s economy have identified the sub-sector as &hellip; <a title=\"Experts forecast real estate sub-sector as investor hub in 2018\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/experts-forecast-real-estate-sub-sector-as-investor-hub-in-2018\/\"><span class=\"screen-reader-text\">Experts forecast real estate sub-sector as investor hub in 2018<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7959,"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":[519,1009,1399,617,522,15272,41,818,84,116,857,678,15296,907,3053,15307],"class_list":["post-7958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-commercial-real-estate","tag-development","tag-house","tag-nigeria","tag-outlook","tag-property","tag-real","tag-real-estate","tag-real-estate-investment","tag-real-estate-sector","tag-rental","tag-target","tag-tenant","tag-tenants","tag-ulta"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/UK_Housing_Market32.jpg?fit=446%2C269&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7958","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=7958"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7959"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}