Nigerians Must Position Themselves for Real Estate Advantage, Says Expert

Mr. Akin Opatola anticipates a positive outlook for the Nigerian real estate sector in 2025, citing strong economic performance, significant infrastructure investments, and heightened activity across various property segments. He encourages Nigerians to seize opportunities in the evolving market, particularly as high-end and affordable housing projects gain traction, while also emphasizing the importance of education and mentorship for emerging professionals in the real estate field.

Mr. Akin Opatola, a Fellow of the Nigerian Institution of Estates, Surveyors and Valuers (NIESV) and CEO of Akin Opatola Consulting, emphasizes the importance of Nigerians positioning themselves favorably to benefit from the anticipated growth in the real estate sector. He expresses optimism for 2025, supported by promising economic statistics and notable developments.

The recent Gross Domestic Product (GDP) figures indicate a robust performance, fueled by infrastructure investments and various capital projects that signal a stabilizing economy. This is reflected in the increasing activity across residential, industrial, commercial, and retail spaces throughout Nigeria. Major projects, such as the Eco-Atlantic development, are thriving, with significant investments already in progress, further illustrating the sector’s potential.

The completion of infrastructural projects, such as the Lagos-Calabar road expansion and new rail developments, is expected to enhance connectivity and accessibility, driving demand in the housing sector. Notable high-end developments are emerging in sought-after areas, catering to affluent buyers and expats, while there remains a focus on affordable housing for the middle and lower-income demographics.

Mr. Opatola notes that demand persists for micro-housing projects, and developers are responding by creating well-priced homes for a new demographic of buyers, reflecting shifts in market dynamics. He highlights that, although Nigeria faces challenges with affordability due to high construction costs, innovative projects are appearing that cater to the growing middle class.

He further discusses his recent elevation as a fellow at NIESV, expressing gratitude for the support of mentors in his journey. He acknowledges the need for seasoned professionals to actively participate in educating and guiding younger practitioners within the field to ensure the advancement of the industry.

Conclusively, Mr. Opatola remains hopeful about the real estate sector’s trajectory, urging Nigerians to seize opportunities presented by ongoing developments and express confidence based on increasing demand and investment in the sector.

In summary, the Nigerian real estate sector is on the verge of exciting growth driven by infrastructure projects, increasing foreign investment, and evolving demands from diverse demographic groups. As professionals like Mr. Akin Opatola recognize these trends, it becomes imperative for investors and consumers alike to strategically position themselves to maximize potential gains in the real estate market. Continued mentorship and knowledge sharing within the industry will further enhance these prospects.

Original Source: www.zawya.com