Experts Advocate Strategic Positioning for Real Estate Gains in Nigeria
Mr. Akin Opatola predicts a positive outlook for Nigeria’s real estate sector by 2025, supported by strong GDP performance and significant government investment in infrastructure. He encourages Nigerians to seize investment opportunities, particularly in luxury and affordable housing. The need for collaboration among developers and government entities is emphasized to address housing challenges for middle and lower-income groups.
Mr. Akin Opatola, a Fellow of the Nigerian Institution of Estates, Surveyors and Valuers (NIESV) and CEO of Akin Opatola Consulting, expressed a positive outlook for Nigeria’s real estate sector, particularly for 2025. He emphasized the sector’s strong performance, noting the GDP figures and the government’s investment in infrastructure, which is key to driving growth in real estate.
During the interview, Mr. Opatola shared insights on ongoing projects like Eco-Atlantic and new developments including several embassies and commercial spaces. He highlighted Nigeria’s improving economic indicators, which strengthen his optimistic perspective, and underscored the need for Nigerians and investors to capitalize on lucrative opportunities within the real estate market.
He elaborated on the demand for luxury housing within key markets such as Victoria Island and Lekki, citing the strong interest from expatriates and high-level executives. In addition, Mr. Opatola identified that significant market activity is taking place, especially with many developers constructing quality residential units aimed at middle-income earners.
Mr. Opatola also addressed the challenges facing lower-income housing, explaining that while luxury projects are flourishing, there is a concurrent push to develop affordable housing solutions. He noted that partnerships with local government and mortgage companies could aid in addressing affordability issues for the middle class, encouraging collaboration among developers to increase housing supply.
In reflecting on his recent elevation within NIESV, Mr. Opatola expressed gratitude towards his mentors and outlined his commitment to contributing to the industry through mentorship and education. He emphasized his ongoing desire to give back and support the growth of the real estate industry in Nigeria.
Overall, Mr. Opatola’s insights present a compelling perspective on the potential of Nigeria’s real estate sector, with a call to action for investors to engage actively and strategically in the market.
In conclusion, Mr. Akin Opatola’s insights illustrate a promising future for Nigeria’s real estate market. With strong economic indicators and significant infrastructure investments, the sector is well-positioned for growth. The emphasis on building affordable housing solutions further highlights the need for strategic planning and collaboration among stakeholders. By positioning themselves adequately, both investors and Nigerians can greatly benefit from the evolving landscape of the real estate sector.
Original Source: www.zawya.com
