So What’s All The Noise About Investing In Real Estate All About?

So What’s All The Noise About Investing In Real Estate All About?

Good Question, You Are About To Discover Why You Must Become A Street-Smart Real Estate Investor Especially In The Ogun-Lagos Axis Of Nigeria.

Potentials for real estate investment for foreign people is broad and different in Nigeria. No matter where you’re from and just what foreign exchange you would be using to purchase home, you’ve got a property and assets waiting for you by just focusing on the Nigerian market.

There are generally three forms of real estate investment open to foreigners. These assets range from the industrial estate investment and residential property investment. Residential properties are additional classified straight into single household houses, apartments rentals or condo properties and fun residences. It doesn’t matter what type of Nigeria’s you are searching for, you can find a variety of tax outcomes, funding alternatives and legitimate standards that you have to deal with.

Why wouldn’t you Invest in the Nigeria Real Estate Market”?

You’ve probably been aware of the increasing number of foreign property investments in Nigeria. Hardly a big surprise. Using the troubles the real estate investment marketplace is facing in Nigeria, higher options in real estate investment had been opened to foreign investors.
With all the dollar’s benefit in their in history low, foreign backers have found property bargains all around the Nigeria market. Let me give you an example.

The ancient city of Badagry in Lagos State may soon shed its current toga of neglect and come into national reckoning as one-stop tourism destination. This very popular city is undoubtedly blessed with an array of tourism potential not properly harnessed or explored for the advantage of the people. With intimidating cultural artifacts, such as the Palace of the Akran of Badagry and its mini-ethnographic museum, the early missionaries cemetery, the District Officer's office and residence, the first storey building in Nigeria constructed by the Anglican missionaries, relics of slave chains in the mini-museum of slave trade, cannons of war, the Vlekte Slave Market, the Slave Port established for the shipment of slaves before the l6th Century, a serene waterfront at Marina and a beautiful beach known as Sultan among other natural endowments, Badagry is supposed to be a tourist delight anytime any day. But from all indications, it has fallen short of that categorisation.

However, a total transformation and exploration of the tourism potentialities that are abound in the city may just be around the corner if the plans of a company of Africa-Americans in the Diaspora, specifically in the United States of America, is anything to go by.

The Motherland Group (TMG) LLC in District Heights, Maryland, USA, is coming up with a project tagged 'The Badagry Historical Resort Development Project'. The project will consist of the following: Badagry slave route, slave memorial, African History Museum, life size replica of a slave ship, amphitheatre, pavilion, music pavilion, golf course, condominiums, hotel, casinos, soccer field, tennis courts, basketball courts, shops and restaurants, drinking well, harbor, medical facility, fire and police stations.

Besides, there will be the world's only Jackson's Memorabilia Display to be located in (The Jackson Music Pavilion) in the African History Museum. Marlon Jackson of the world famous Jackson Five/Jacksons is planning to bring some of his memorabilia to be on display in The Jacksons Music Pavilion. This music pavilion will be the first of its kind, dating from the beginning of music, capturing the true essence of African music.

Another one is

If you have been following the real estate trend in Nigeria, you will know by now that Lagos state is working very hard on the creation of a fully integrated business hub for oil and gas industry in the African continent which will also be opened to other businesses. The of this project is known as The Lagos Energy City Project.

The city is a proposed 763 hectare development strategically located in Badagry Town, on the western axis of Lagos. The project will cost $1.8 billion USD. Included in the plan is the expansion of the current Lagos-Badagry highway into a 10 lane conduit that also comes with a light rail. In addition, perhaps the most important component – the city will be powered by an off-grid 130 megawatts electric plant.
The City when fully developed will comprise of two zones.
Zone 1 is the convention / tourist zone. It comes with exhibition tourist market, convention facility and convention hotels.

Zone 2 will house multinational and national companies belonging to the Oil and Gas Industry, including industries in its value chain such as financial institutions, airline companies, government agencies and commissions and IT companies among others.

Lagos Energy City is a PPP including Lagos state government, World Energetic Holdings Limited of Hong Kong, Elite Max Asia Limited of Hong Kong, Royal Orchid Holdings Limited of Hong Kong, and Transglobal Energy Funds pte Limited of Singapore. Zenith Bank Plc of Nigeria is the lead banker.

There aren’t any shortages of deals in this market. A growing number of distressed properties are now being sold everywhere and foreigners are putting in tens of millions buying these foreclosed or distressed houses. A lot of foreigners have looked into the potential for retiring or settling in the Nigeria.

If you’re a foreigner, you would locate a lots of main reasons why you should purchase the Lagos and Ogun State market. Apart from the fact that the flying exchange rate has given you a lot of leverage over the negotiating table, the financial marketplace is a pretty good reason for you to invest in the Lagos-Ogun axis real-estate.

The financial market in the Ogun axis with regards to the real estate marketplace is quite liberal as well as the limitations in opposition to international investors are pretty sensible. This really is well suited for foreign companies that are wanting to purchase the real estate market in the Nigerian market to avoid tariff restrictions and therefore are considering setting up an office or a company in the Nigeria.

In addition, regardless of the wear and tear from the Nigeria’s naira and also the wide property foreclosures of your lots of property, the real estate market remains to be stable, though a bit shaky, because of foreign investors’ cash appreciation.



Before I leave, let me emphasis this point: Investing in Lagos and Ogun Axis is not about real estate, it is about Nigeria. you own a portion of the earth when you invest in real estate, it is better than investing in Dangote group.