The chairman of African Real Estate Society (AFRESA), West Africa, Kunle Awolaja, has charged the Nigerian government to encourage property investors in Nigeria.
Awolaja who gave the charge at the African Real Estate Conference and Awards currently holding at the Landmark Conference Centre, Victoria Island, Lagos, added that by providing a conducive environment, the real estate sector will be able to thrive.
He adds that the best way to encourage property investors is to create platforms that will make the sector attractive to investors.
In his words, “I’m calling on Government at the Federal, State and Local levels to help facilitate platforms that would bring good institution and allow property investors to thrive in the country.”
In the same vein, the Chairman, Eximmia Realty, Hakeem Oguniran, encourages investors to be patient in their expectations, especially regarding Return On Investments (ROI) in real estate.
While speaking, Mr Derrick Rope, CEO, Novare Equity, who highlighted that he believes strongly in property development in the country, says Nigerian Youths need to be encouraged to get involved in commercial real estate. He however advised investors to effectively position building to suit occupants’ demands.
Engr. Femi Akintunde, another key speakers at the conference adds, “It’s time investors and realtors think about how to address the peculiarity of the business rather than focus on profit making.
CobraReview reports that Governors of Lagos and Kaduna States are still expected to come to give keynote speeches at the exhibition that is still ongoing. The gathering is targeted at proposing solutions and policies that will help reshape the African real estate sector.
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