Nigerian Real Estate market has been seen to contribute significantly more to the Nations' GDP than previously recorded. With the re-basing of the economy from a monolithic (oil dependent economy) to other services, construction and real estate and technology driven economy, we should see drastic increase significantly from 2020 in the non-oil driven sectors of the economy. The Real Estate industry is being forced to innovate and redefine its value proposition, as mobile technology has put greater power into the hands of consumers. However, there remains a significant supply-demand gap in the various Real Estate sub-markets: residential, office, retail and hospitality. As at today, decent housing options for university students and young professionals are limited and often unsafe; and secure, affordable office spaces in proximity to the central business districts remain scarce. Plugging this gap has proven difficult, as developers continue to focus on delivering despite high vacancy levels and falling prices.
Great success is being enjoyed by investors through foresight of investing in real estate with Oxford International Group. They recognize its value and the superior ROI on time it delivers.
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