Nigerian Real Estate Market Valued at ₦41.3 Trillion Offers Lucrative Investment Opportunities
The Nigerian real estate market, valued at ₦41.3 trillion, presents lucrative investment prospects, contributing 5.45% to the GDP in Q3 2024. Dotun Bamigbola of Bamigbola Consult highlights the sector's potential, with a housing deficit of 20-28 million units.
Despite Nigeria's REIT market value of $600 million, it lags behind South Africa's $8.5 billion, offering lower returns and facing operational inefficiencies. The report emphasizes the need for legislative improvements to boost the sector's growth.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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