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| Credit: Infoprations Analysis, 2018 |
Infoprations’
Real Estate Industry Analysis has revealed that companies and players in the
Nigerian real estate sector need to capture emerging opportunities and develop
appropriate strategies to mitigate the impacts of the threats that evolved
during the week under review.
Analysis shows that
private business and government institution made strategic partnership towards
the sector’s short and long term growth. During the week, Desarrollar partnered with Union Trustees, First Bank, Banwo and Ighodalo, and The Lodt Legal
Partners to improve real estate solutions being offered by the existing
players.
Bank of Industry and Casafina, a private company equally made
strategic move to advance the sector. BOI reaffirmed its commitment to deepen
finance to the sector, while Casafina launched a property investment platform
to provide sustainable solutions to funding issues.
During the week through the Minister of
Power, Works and Housing, Babatunde Raji Fashola, government frowned at the 10
per cent valuer and 25 per cent reposition fees charged by professionals in the
field. The Nigerian Institution of Estate
Surveyors and Valuers (NIESV) equally called for tax imposition on the sector
to generate income. Players in the sector must not relent in developing
innovative solutions because clients’ demographics and psychographics are no
longer static.
These opportunities and
threats with the 6 points have created the circumstances for the captains and professionals in
the sector to work out strategies for the opportunities capturing and mitigation
of the possible consequences of the threats in the coming week and beyond.
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