Connecting Opportunities: Key Takeaways from Nigeria Housing Market's Real Estate Exchange in Toronto
The recent Real Estate Exchange event in Toronto, hosted by Nigeria Housing Market and ownahome, offered a unique platform for investors, industry experts, and Nigerian diaspora members to engage in meaningful discussions on the evolving Nigerian real estate market. This event aimed to bridge the gap between the local market’s potential and the interest of Nigerians abroad, offering insights and practical advice for those looking to invest back home.
Throughout the event, panel discussions and presentations shed light on some of the most pressing issues facing Nigeria’s real estate sector, particularly the nation’s significant housing deficit. Experts noted that while there is a high demand for housing in both urban and rural areas, a lack of adequate supply has kept millions from accessing quality housing. The discussion highlighted the untapped opportunities that investors could seize by contributing to solutions in Nigeria’s growing real estate landscape, which continues to evolve despite economic challenges.
Housing trends were another major topic, with panelists discussing Nigeria’s shift towards mixed-use developments, eco-friendly housing solutions, and affordable housing initiatives that cater to Nigeria’s expanding urban population. These trends indicate a promising future for both local and international investors, especially as government initiatives aim to attract foreign capital to accelerate growth in these areas.
The event also welcomed active participation from Nigerians in the diaspora, who had several questions about how they could safely and efficiently invest in the market. Many inquired about the best locations for rental property investments, with experts suggesting areas in Lagos, Abuja, and Port Harcourt as high-demand markets with potential for long-term gains. Others asked how Nigeria’s housing demand compares to other African countries, with speakers explaining Nigeria's unique population dynamics and urbanization rate, which present distinct opportunities within the African continent.
Participants also expressed concerns about securing property from abroad, with questions like, "What steps can I take to ensure a secure transaction?" Experts recommended leveraging trusted local partners and using Nigeria’s growing number of digital real estate platforms to mitigate risks. For those interested in government incentives, attendees learned about specific policies and programs designed to encourage investment from the diaspora, such as tax incentives and fast-tracked property ownership processes.
In conclusion, the Real Estate Exchange event in Toronto successfully highlighted Nigeria’s robust property sector while addressing common concerns and offering insights to those interested in exploring real estate opportunities. For the Nigerian diaspora, events like these not only provide knowledge but also empower them to contribute to Nigeria’s economic growth through informed investment.
Our next Event is scheduled to be in the UK, for partnership and sponsorship email info@nigeriahousingmarket.com