6 REASONS TO INVEST IN REAL ESTATE

Real estate is a wide spectrum

Covering hospitality assets, commercial developments, private
residences and properties. It is an industry in which Nigerians have done quite well in
creating local solutions partly because you cannot import houses and partly because it is a
lucrative one. Even still there is much work to be done, especially considering Federal Government and World Bank’s claims that the country has a housing deficit of 17million
units with an estimated investment price tag of 59 Trillion naira. To fill this gap, there is a
need to build 720,000 units of housing every year.
That being said, here are
10 REASONS TO INVEST IN REAL ESTATE
- Investment purposes - The return on investment cannot be over emphasized, a house bought at 8million naira today can be worth over 100million in 5years time, Lands never depreciate.
- To have a roof over your head - The reason most people buy houses, is to live in them without having to worry about rent issues.
- To avoid landlord issues - Most landlords are becoming a pain in the neck, but owning your own house gives you hope, security and power, knowing full well that you reside in a property you bought for yourself.
- positive cash flow : You can buy a house and decide to rent it out for the purpose of continuous cash flow, rents outweight holding costs. “Certain property products offer exceptional cashflow. This extra money can definitely assist all areas of your life,”
- long term capital goal ; Looking to build a retirement nest egg? Long-term increase in value is the most effective way to do this. “Property has historically proven its ability to deliver capital gain provided you select the right area with correct supply - Rich Haasset
-  Its an asset ; Investment or not, your property is still just that – a property. So, should events take a turn which means you have to move into that property, you can (pending rental agreements, of course) whether for the short term or the long term

Are you thinking of a Futuristic plan or an asset that will out live you or you can pass to your children? Then Let BridgePort help you.