Emeka Okonkwo, CEO of Dis Space Limited, explained why commercial properties offer more financial rewards than residential properties.
“The high growth rate of a number of residential and housing developments concentrated in urban areas is just a mirage that is being promoted, with real estate being the safest place to hold money in the current Nigerian economy,” Okonkwo said at a recent media conference. held virtually.
According to him, understanding the dynamics of rental and rental properties in the Lekki axis of Lagos, argues that cohabitation; a community living concept where like-minded people live, work and play together is more profitable given that there has been a massive shift in what tenants want.
He said that with an annual return on the purchase price of between 9% and 14%, depending on the Lekki region, the current Nigerian economy and the universal rate of inflation keep commercial property at the top of the list. viable real estate investments unlike residential properties. which only appreciates one to four percent at best.
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Focusing on a targeted age and social bracket and following up on the housing deficit the Axes are currently experiencing, he said there is an increasing trend towards coliving.
With proven success in investing in a few, he offers an individual guide to support and encourage new investors towards this type of commercial property investment in Nigeria.
He is currently creating a digital guide to investing in commercial property in Nigeria. He has attended many podcasts and interviews related to real estate investment where he still holds this notion with proven analysis.
With a REIT (Real Estate Investment Trust) as a vehicle to attract investors to DIS Spaces, he has plans ahead to continue proving this fact, especially to people living in the diaspora like him.
“As a hospitality-related service, we aim to provide our clients with work-life-balanced accommodation and workspace, and this considering why and how our facilities are purpose built. Every guest found our facilities to be the best space for that,” Okonkwo concludes.