Real estate investment in Nigeria has not had the best track record in recent years. This is unfortunate because the fraudsters who tend to grab the headlines are just a minority. From memory, correct me if I am wrong, but Nigeria recently had one of the strongest economies in the region?
It is unfortunate that the historic problems with fraud and scammers from Nigeria is casting a shadow over what is one of the strongest economies in Africa. If they could shake off this outdated image how much further could the Nigerian economy go?
As the downturn from cornoavirus pandemic squeezes the economy, higher-end and luxury real estate markets have become the hardest hit, as premium apartments property owners record lowest sales in major cities.