So, if you have the funds to invest in luxury real estate, this is the time to invest. Don't postpone it. If you do, by the time you're back to make that investment,
property prices may have inched up by as high as 20 percent.
Yes, property prices are volatile in Lagos Nigeria . . . they are volatile and constantly on the increase.
For example, luxury real estate - 3 bedroom luxury flat - that use to cost about 22 million Naira in Victoria Garden City Lagos Nigeria has virtually
doubled in the last three years. And 4/5 bedroom duplex that use to cost about 55 million Naira now cost about 90 million Naira, as at the time of this writing.
So, I will say it again: If you have the funds to invest in luxury real estate, do not procrastinate. Just do it.
This is especially important because every day you delay is potential profit going down the drain.
Why has
real estate investing
become the biggest deal in Lagos Nigeria?
There are a number of reasons.
1. There is a huge housing challenge in Lagos. The population is growing faster than the
housing market
is configured to support
2. Many people are just beginning to discover the profit potentials in real estate investing
3. The
Nigeria stock exchange
crash of 2008 - 2009 saw many investors lose money big time. So, the majority are looking at alternative investment opportunities.