• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

70% of Nigeria’s real estate investment from the diaspora 

3 years ago
in Features, highlights, Home, home-news, latest News, Real Estate
1 min read
0 0
0
119
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

70% of Nigeria’s real estate investment from the diaspora

There is fresh data that shows Nigerians in the diaspora are the biggest investors in the Nigerian real estate sector, experts have said.

Speaking at the maiden edition of BusinessDay’s property investment conference, experts say more Nigerians in the diaspora are investing in real estate not just for their occasional visits to Nigeria but also as retirement homes for their parents.

“Our recent survey shows that 70 percent of the investment in Nigeria’s real estate comes from Nigerians in the diaspora while 30 percent is accrued from Nigerians at home,” Ugoada Orji, Managing Director, Romax Properties Limited said at the event.

She noted that Nigerians abroad are pumping fresh capital to replicate the same infrastructure they enjoy in developed countries.

“The demographic for investments in Nigeria’s real estate sector is changing every sector,” Orji said.

Read: AfDB Country Strategy Paper for Ghana yields tangible mid-term results

RelatedPosts

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

For Modupe Anjous, the Chief Executive Officer at Rydal Mews, there is a growing discordance between the facilities provided by Nigerian banks and mortgage loans which makes it difficult for an average Nigerian employee to invest.

“What we are currently seeing are investments from Nigerians abroad,” Anjous said.

Nigeria’s real estate sector of the economy has shown resilience, posting 2.26 percent growth in the last quarter of 2021 as captured in the GDP growth report recently released by the Nigerian Bureau of Statistics (NBS).

The figure, which is 0.3 percent lower than what the sector recorded in the third quarter of the same year, has not only raised investors’ hope and deepened their confidence in the sector, but also brightened the sector’s outlook for 2022.

Though the performance of GDP, which grew by 3.98 percent in Q4 2021, does not capture the extent of real estate investments in any given year or quarter, it is worth noting that notwithstanding the low consumer purchasing power, investors were bullish, leading to the growth in the sector.

Source: businessdayng
Via: norvanreports
Tags: 70% of Nigeria’s real estate investment from the diasporaNigeriaNigerian Bureau of Statistics (NBS).
No Result
View All Result

Highlights

Osaka and Keys Advance to Quarter-Finals at Canadian Open

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

Cedi Appreciation Triggers 50% Drop in Remittance Inflows

Inflation Drops 160 basis points to 12.1% in July, Lowest Rate Since October 2021

Kwaku Azar Writes: Is Another SML Brewing at GACL?

GRA Refutes NIA’s Debt Claims, Cites Lack of Regulatory Approval and Service Agreement

Trending

Features

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash

August 6, 2025

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash Ghana...

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

August 6, 2025

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

August 6, 2025

Osaka and Keys Advance to Quarter-Finals at Canadian Open

August 6, 2025

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

August 6, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.