Post general elections: Experts chart path to real estate recovery ⬇️
As investors continue to adopt a ‘wait and see approach’ with the general elections, stakeholders have advanced the need for governments to develop long-term incentives for operators in real estate sector. They noted that since the industry is systemic and crucial to economic growth, whatever happens in the political environment would impact its activities.
Lead speaker, Dr. Biodun Adedipe, said the performance of real estate serves as an indicator of what to expect in the economy. He said whenever there is trouble in real estate sector, it will reflect on the economy as real estate sector creates value on its own for others. President of FIABCI-Nigeria, Gladstone Opara, explained that the forum was to explore collaboration with organisations, governments and global agencies for impactful synergy on how to survive unpredictable business environment caused by socio-economic and political situations. However, he expressed optimism for a better economy.
“Developers have lost confidence in that space, occupiers are struggling to pay rent, big retail players have exited Nigeria, while developers are moving towards something more scalable,” he said. However, he hopes that with Nigeria’s growing population, there will be continued interest in student housing, establishment of data centres and healthcare facilities. He also said there would be expansion of investment in technology and adoption of hybrid-work model.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Experts warn against rise in tech neckTechnological tools have undoubtedly become a part of human lives. The advent of artificial intelligence tools to make life, work, travel, business transactions, communication, and entertainment, among others, easier, has led to dependence and addiction to several gadgets.
Read more »
Real estate experts worry over continued naira scarcityThe persistent cash crunch occasioned by the Central Bank of Nigeria’s policy on the naira redesign and cash withdrawal limit has abruptly stopped economic and service delivery in the real estate environment, Sunday PUNCH reports.
Read more »
Pneumonia deadly, may cause sudden death – ExpertsHealth experts have cautioned Nigerians against taking pneumonia disease lightly, noting that the infection of the lung is dangerous and can cause sudden death when not treated early and properly.
Read more »
Shooting Stars sign Ikouwem Udo from Croatian ClubShooting Stars Sports Club of Ibadan have completed the signing of left-back Ikouwem Udo from Croatian Club NK Slaven Belupo, DAILY POST can exclusively
Read more »
Peter Obi Deletes Tweet With Wrong Photograph Of US-Based Nigerian Professor, Aderinto, Makes New Post | Sahara ReportersThe presidential candidate of Labour Party, Peter Obi, has deleted his tweet hailing the US-based Nigerian professor, who won the Dan David history prize of $300,000, Saheed Aderinto. Aderinto, a professor of History and African Diaspora Studies at Florida International University, is the first Nigerian to win the prize. SaharaReporters had reported how Obi attached a photograph of a lecturer in the department of Sociology, University of Ibadan, Professor Abideen Aderinto, to the congratulatory message.
Read more »
Awake, o judiciary!The apex court is populated with leaders of the judiciary, starting from the Honourable the Chief Justice of the Federation, who also heads the National Judicial Council. It had been a long wait indeed, essentially because on February 8, 2023, the Supreme Court gave a lifeline to the suffering masses of our people when it issued an order for the old N200, N500 and N1000 notes to continue to circulate alongside the new notes. But the federal government and the Central Bank of Nigeria would have none of it, insisting that the old N500 and N1000 notes were gone forever as they had ceased to be legal tender.
Read more »