Economic recession is a period of general economic decline and is typically accompanied by a drop in the stock market, an increase in unemployment, decline in the housing market, slowing gross domestic product and high inflation. “Paul Mckinney”. But here is a fact, every recession creates opportunities for investors and inaction may not always be safe at such times.
With the recent crash in the price of stocks and shares on the stock exchange market as a result of the economic recession, particularly in the Lagos sub region of Nigeria, the housing dilemma which once had an accompanying officialdom of being financially difficult to get to is now history.
In the Ibeju-Lekki axis, where net migration is low as compared to the available housing inventory, buying or paying for a block of flats in such area could become a goldmine for people who may eventually ‘cash in’ to become real estate investors and could eventually provide huge returns if the properties acquired appreciate.
Besides, such area provides the best of commercial relevance because of its proximity to accessible roads, commercial enterprises and other mega projects.
One risk taking factor you must consider is the tendency of the rise of businesses within the area and the chances of making such place money spinning commercial demands which the Ibeju-Lekki axis will create on the long run.
Do not let this opportunities pass you by. Your active participation in real estates investment at a time like this when value of land assets is low cannot only spark off a reducing housing cost, but could give you great returns for your money.
For more information and enquries about our properties, visit: http://www.vafiero.com, or call 08072579047. Your investment is safe with us.
EVERY SQUARE METER COUNTS