Nigerian real estate to turn the corner in 2018
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As the city gears to host the globally recognised real estate-focused West African Property Investment Summit (WAPI) (www.WAPIsummit.com) next week, there is a renewed sense of investor confidence in the Nigerian real estate sector.
Tom Mundy, Head of Advisory for Sub-Saharan Africa at JLL (ir.JLL.com), and one of the speakers at the event, believes 2018 will be a year of consolidation and recovery. “Nigeria is finally coming out of recession. Of course, there will be the usual lag between economic recovery and market recovery, but real estate, which has suffered from a sharp supply demand imbalance, widening vacancy rates and falling realised rents, looks close to bottoming. Yes, it will take time for confidence to return fully but there is sound cause to be bullish on Nigeria going forward.”
Read more on:
www.wapisummit.com
Source : Nigerian real estate to turn the corner in 2018