A property market crash in Nigeria offers opportunities for brave investors betting that Africa’s most populous nation will deliver high returns when it climbs out of recession. Rents for residential and office property in the commercial capital Lagos have dropped by around 20 per cent, year-on-year, due to a supply glut as projects planned prior to 2014, when oil prices started to fall, are now coming online. Investing in Africa’s largest economy requires a willingness to navigate opaque land laws, corruption and the prospect of having money held up in the bank due to currency restrictions.
Read more : http://www.thisdaylive.com/index.php/2016/10/21/nigerian-property-crash-attracts-funds-looking-beyond-recession/
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