Property Boom In Nigeria Attracting Investors

We recently did a story on property in Nigeria. We know the situation with renting an apartment in some parts of the country. Some landlords demanding for two years rent at a stretch. This is no news. The rate at which new houses spring up is quite interesting. Many are being advised to buy lands in order to be free from the large amount spent on paying for accommodation.
What is also interesting is that Nigeria is fast becoming an increasingly popular investment destination due to a huge potential consumer market of more than 160 million people and GDP growth over 6 percent, far outstripping the stagnant economies in developed countries; a combination which is producing a new wave of property buyers; from bankers and airline staff, to mobile phone and fast food shop owners.

Please click on the first link below to watch the video.
The second link looks at how house prices in London, Lagos and Dubai have rebounded.

Do share your thoughts on this. Would love to hear your experiences.
Have a splendid weekend. Don't forget to look out for the partial eclipse; with your protective sunglasses on.

All aboard Nigeria's property boom

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