2018 was a sluggish year in Nigerian real estate. But the real estate sector heated up slightly in 2019, and as the economy stabilizes and confidence grows, foreign investors are dusting off their wallets and getting ready to pour some much needed money into Nigerian Real Estate.
At a recent construction exhibition in Lagos, there was sustained interest from foreign investors in the expanding Nigerian real estate scene.
As house values and land prices are on the rise, this sends a signal to investors that the sector is stable and able to handle an influx of capital and investors from around the globe.
Investors with peaking interest in Nigeria’s real estate scene, varied from China, Saudi Arabia, France, Italy and Germany to name a few.
This is a good sign of things to come, since large streams of foreign capital will spur the construction industry which will employ locals and bring to life exciting new projects across the country.
Investment in the real estate sector should always be welcomed, but some fear that too much foreign investment could be a bad thing for Nigeria, essentially leaving the local inhabitants out of the game.
Nigerians in diaspora This should be a call for you to get off the sidelines and come full force into the fold, while the fire is hot.