The real estate market will be a good destination for investors in Nigeria in 2020, because of the higher returns it promises in the face of declining treasury bills and equity market yields.
The commercial banks will finance real estate projects while promoting stability in residential projects as more outlets will come on stream. Most developers now realize the need of the people, and this will crumble the vacancy rate in Lagos.
Speaking to the Finance Correspondents Association of Nigeria (FICAN), Ibaru, a real estate advisor, said the real estate sector could fetch a return on investment that would be as high as seven to 30 per cent per, which is much more attractive than the five per cent yields on treasury bills.
The real estate sector provides a better platform for investor sorting after long-term widows to invest in due to the appreciation of land.
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