The opportunities created amid the COVID-19 pandemic has raised optimism that the residential, construction, and industrial segments of real estate market are to drive the sector’s growth, while yielding good returns for developers, investors and landlords, according to Nigeria Real Estate Report 2021.
The report by Ubosi Eleh and Company, said the demand for residential real estate is expected to increase, as work from home becomes a more permanent influence in space demand.
The increase in demand for warehousing amid a surge in e-commerce transaction in Nigeria is expected to fuel the growth of industrial subsector. Also, the executionn of projects that were put on hold amid COVID-19 lockdown and the rebuilding of recently vandalised properties during the ENDSARS protest is expected to boost expansion of construction sector and thus, drive the growth of the overall real estate market in 2021.
Though, the housing sector growth potential would only be fully…
Source: Guardian Newspaper