By
Precious Udom
Before I begin my article, let me say here and
now that anywhere in the world, the business of real estate development is
serious, painstaking, tasking, but lucrative and rewarding at the end.
It is normal
and legitimate as every valuable achievement comes with a price, lots of guts,
sheer determination, passion, consistency and the never-give-up-spirit.
This is what
separates getters from quitters as far as the word success is concerned.
You see my
friend, for you to reap bountiful returns on your investments; you have got to
be a patience dog and a visionary person with a long term goal in mind.
This is
because unlike the capital market, where budding investors could enter and
exist at their whims and caprices, you need to be pains-staking to wait for the
incubation period on your investments to ripe
Nurturing,
development, achievements, engine room of the economy, self-fulfillment, job
creation, are some of the words or phrases that comes to my mind at this point
as I write this.
I know you too will add passion and zeal. The
list could be endless, but the fact is that for a patience investor, real state
is the business to be
The
incubation period could translate to bountiful gains in millions, or even
billions of naira or to other currencies, if from the planning stage, you have
got the right mix.
Take Nigeria for instance; with a population
of about 160 million people, about 80 percent of these numbers living in rural
areas the market is there
Abuja,
Lagos, Calabar, Port Harcourt, Kano and Kaduna, from experience, are some of
the most lucrative places in the country. Make your independent findings.
So, with
money sourced from the capital market, banks, corporative societies, mortgage
banks, loans from friends, savings, as well as housing schemes, enter the
business with a clear cut blueprint, possible crafted by a property consultant
and contribute your quota to the
development of our dear country, Nigeria
Take Lagos
for instance, depending on the area, a N20 million investments in real estate
could in the next five to seven years yield about N70million and result in a
number of persons being employed, revenue for government, as well as reduce the
tally on the pressure of government at various levels to find jobs for jobless
Nigerians.
You do not
have to accept hook, line and sinker what I have said here. Reach-out to your
professional property consultant or persons versed in the business and take
what ever they tell you as the gospel truth.
There are
credible websites where you could obtain
current information on the sector. Yes, people source money from the capital
market to build commercial houses across Nigeria.
And when the
global meltdown came, these persons crashed from grace to grass. Relax, and be at peace with yourself for I
know as well as you do that the meltdown was and still remain artificial and
global and is gradually passing away
Like
investment in shares, acquisition of property, especially in lucrative areas or
places are a kind of social security, a contributor to economic development of
any country, developed or developing.
So, my
brothers and sisters, beside the capital market, I honestly think, the real
estate comes next in the scale.
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