Real Estate

[vc_row][vc_column][eovo_advanced_image title=”Real Estate” image=”4839″][ultimate_spacer height=”20″][vc_column_text]Ranked 120th in the World Economic Forum (WEF) Global Competitiveness Report, Nigeria continues to benefit from its relatively large market size which has the potential for significant economies of scale and is an important factor for attracting investment in real estate. Additionally, the most recent Nigeria Economic Report released by the World Bank shows that real estate is the third largest contributor of GDP growth at 11%.  Nigeria’s property market is becoming more sophisticated with prime grade developments seen in the commercial and retail sectors.

Nigeria’s real estate sector is capable of stimulating other sectors of the economy. When merged with the mortgage finance sector and the country’s immense population, the demand for good homes and offices, and the economic capacity of the people make a solid foundation for growth and investment. Real estate boasts a market value of N6.5 trillion as at 2015 and projected $13.6 billion investments in 2016.

Projections by economists worldwide have stated that there will be a stabilizing of rental growth over the next two to three years as the current and development pipeline comes to completion. At PANA Holdings we see this specific sector as one of the fastest growing in the country and anticipate an increased commitment and greater involvement on our part, whether in the form of simply land banking or even in the form of developments both urban and rural.[/vc_column_text][/vc_column][/vc_row]