The real estate business is a very lucrative one especially in Nigeria. Irrespective of the economic downturn, the business is one of the most assured of profit and turn-over.
How to invest in real estate in Nigeria.
This is basically investing in rental properties which primary means that you purchase a property and then rent it out to tenants, by doing this, you get regular income and your properties can increase in value.
Real Estate Investment Trusts (REITs)
Unknown to many Nigerians, Real estate investment trusts, or REITs, are collective investment schemes regulated by the Securities and Exchange Commission (SEC).
REITs offers an alternative to equities and fixed-income securities.
This is the process of purchasing and reselling land /house for a quick profit.
Although, you would need large amount of money if you really want to make hundreds of millions in this process, but you can always start small by buying just one plot and grow to buy tens of plots and acres and keep selling them all year round.
In Nigeria, those who are into property developments are called “Developers” This type of real estate development is a very capital-intensive one.
Here, you acquire properties in a very nice location, you redevelop the property into fancy or relatively luxury apartments, commercial structures and so on and then you sell them for a very high-profit margin.