REAL ESTATE NEWS HIGHLIGHTS OF MARCH 2023

PUNCH NEWSPAPER (6 MARCH)

Headline: Hedge against inflation with property investment

Experts in the real estate industry has advised Nigerians to key into real estate investment as a hedge against inflation. David Onoja, the CEO of Brooks Africa has described inflation as a normal part of an economy, and as such, inflation hedging not only preserves the value of an investment but is also used to forestall the anticipated decline in a country’s value and safeguard the loss of purchasing power. According to David Onoja, while inflation hikes the value of properties and surges rentals, the increase in value serves as an excellent inflation hedge.

He also noted that while acquiring a property is a real estate investment, buying shares of a public real estate investment trust is considerably easier and more liquid. Another option against inflation as stated by the CEO of Brooks Africa is to acquire a property whose value is tied to inflation so that once inflation increases, its value also increases with the inflation. He advised stock investors to have an alternative investment to hedge inflation as having a diversified portfolio has become very paramount.

The CEO of Riel Homes, Dr. Kolade Adepoju, in a bid to encourage people to invest their money noted that a landed property needs nothing much to be done for it to increase in value compared to putting your money in the bank which dwindles the value.

THE NATIONS NEWSPAPER (14 MARCH)

Headline: Real Estate Mogul Hosts GREEB; Lagos Biggest Bootcamp to Accelerate Business Growth for Property Developers, Industry Investors and Stakeholders

Dr. Olumide Emmanuel, a wealth coach, industry leader and host of the Global Real Estate Executive Bootcamp (GREEB) in a press statement issued in Lagos has affirmed that the upcoming bootcamp will witness over 25 seasoned industry experts and technocrats with business pedigrees to lead participants to successfully start up, manage and scale through their niche in the real estate sector.

The event, which will be a fully-residential bootcamp coming up on the 3 of July to 9 of July at Sheraton Hotel, intends to offer participants a lifetime opportunity of intensive learning championed by a host of industry leaders.

The GREEB will offer participants the platform for vertical and horizontal networking and collaboration with professional and grounded business owners in the real estate industry. According to Dr. Olumide Emmanuel, participants who pay for the bootcamp would enjoy among other things: one fear free mentorship, access to over N100 million worth of inventory to take off, access to over N1 million worth of training materials, and Lagos State 30 years Master Plan Pack.

For more enquires about this GREEB, contact 08091447423, 08029074588 or www.olumideemmanuel.org/greeb

TRIBUNE ONLINE (28 MARCH)

Headline: How to attract investments to real estate sector —Experts

Experts in real estate have urged the government to tackle the problem of insecurity in order to attract tangible real estate investment to the country. According to Chief Olusegun Bamgbade, the chairman of HOB Estates Limited, insecurity in the country has limited investment in the real estate sector and unless something is done urgently, no tangible development will be felt in the real estate sector. He noted that if key national infrastructure like railways is well developed it will spur other developments especially real estate.

Mr Kunle Faleti, a US-based Mortgage finance expert, stated that there must be a focused, deliberate, and sustained social housing policy for all the states and it must be implemented by the federal government. He urged that the efforts of the federal government and stakeholders should be directed towards market development. Mr. Kunle advised that attention should be placed on mortgage registration and title transfer, stressing that this would improve default enforcement (foreclosure). He further advised that going forward, massive investment in social housing construction and renovation should be a cardinal part of a more sustainable and inclusive economic recovery.