Nigeria attracted $600m in real estate investments in 13 years, according to a report by Estate Intel.
The report, titled “African Real Estate Capital Trends Report 2024”, stated, “....... data showed that up to $30bn worth of transactions have been undertaken in Africa over the past two decades.
The report named Nigeria among other African countries leading the charge, stating that this is made possible by these countries' robust property markets and popularity as Africa’s business hubs consequently attracting investment.
What does this mean for Real Estate Investors?
Such a large investment suggests a growing real estate market with potential for returns. This could benefit investors who are already in the market or are considering entering it.
It also indicates strong investor confidence in the real estate market, potentially leading to increased property values and rental income over time.
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