Real estate professionals’ recently pointed out the need for the adoption of an innovative bottom line investment approach to the diverse opportunities in the real estate sector.
They opined that despite the growth in the real estate sector, Nigerians could experience exponential growth in the sector by making use of an innovative real estate investment platform, which can boost its contribution to the nation’s gross domestic product (GDP).
Experts across the sector made up of developers, realtors and investors agreed that only those willing to adopt the use of innovative technology provided by a net earnings approach will reap from real estate investment especially in a saturated market like Nigeria.
Mr Olorunsheyi Sunday an Executive Director of a real estate company based in Lagos led the call in a meeting comprising of stakeholders in the sector. He noted that real estate investment has always been an asset class with a high entry barrier. The developer further added that citizens could create assets in real estate by investing a percentage of their income and allowing them to grow without hassles.
Sourcing for real estate investment, Sunday maintains that the sector requires such an approach in view of the investment climate in the market.
Wisdom Ezekiel, a real estate investment coach also noted that investment in property allows people to share in the prosperity of others. Emphasizing that property is the real money of Lagos.
Wisdom also reiterated that innovative platforms enable investors to pool their resources for land and property development by making payments per investment, and the surest way to create wealth.