“Real estate investment is safe in Nigeria and Africa, barring any unforeseen political upheaval” – Bode Adediji, First Vice President, Nigerian Institution of Estate Surveyors and Valuers (NIESV); Principal Partner, Bode Adediji & Co.

“The one thing about Africa that interests many American investors is that it does not correlate with the U.S. economy. It’s the perfect diversification tool” – Peter Welborn, Partner, Rutley Capital Partners; Head of Africa, Knight Frank

 

With the global economic meltdown yet to show appreciable signs of abating, the real estate markets in Nigeria and other African nations are being tipped to be the emerging safe havens for international investors in real estate. Recent projections by real estate analysts have revealed that real estate markets in Nigeria and some other African countries have proven book-makers wrong, showing signs of reliability and offering huge opportunities for investors. They have also hinted that in Nigeria, for instance, the major attractions for would-be investors are the strong rental returns and track records of appreciation for real estate in choice cities, notably Abuja, Lagos, and Port Harcourt. The new assessment by the real estate analysts also states that Africa is brimming with “undiscovered real estate gems” and has begun to intercept opportunistic capital earmarked for China, Brazil, and India. Read the rest of this entry »

Tags: Estate Surveyors and Valuers Registration Council of Nigeria, ESVARVON, Knight Frank, NIESV, Nigeria, Nigerian Institution of Estate Surveyors and Valuers, Real Estate, Rutley Capital Partners