Real Estate investment in Nigeria is very lucrative and extremely profitable, although it is one of the oldest form of investment, it is also known that the top earners in the country right now are real estate investors. The business is a money spinner to the highest level. Real Land, House and Estate is currently the money maker in Nigeria and people are making millions in it. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bond.
What is the profit potential in real estate business in Nigeria? Let’s take a quick look, perhaps you bought a plot of land in a developing area of Lagos State and you paid ₦500,000 for the land excluding some minor other settlements. Two years down the line you changed your mind and realized you can sell the land for 5 times more than you paid for it. That is quite an investment in just 2 years. This is one of the smartest investment and requires little effort. Just your money and knowledge and you are good to go. You will need substantial amount if you want to make hundreds of millions but you can start small by buying just one plot and grow to buying tens of plots and acres of lands and keep selling all year round.
When investing in real estate, the goal is to put money to work today and allow it to increase so that you have more money in the future. The profit, or return can be as conceptually simple as playing a simple game of ludo when you understand the basic factors of the investment.Real estate investment is a long term investment. You cannot invest in a property today and make huge money tomorrow (especially if you`re just starting in the game of real housing or land estate development). You have to understand that real estate isn`t a good cash flow generator, though it`s the best wealth building investment.