Issues on Foreign Real Estate Investment in Nigeria
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 6, Issue 12
Abstract
This paper examines major issues in Nigerian real estate sector which foreign investors into the market must note to safeguard against losses. Chief among the issues include political insecurity, bribery and corruption, inflation, devaluation of the naira compared to dollars, multiple developmental charges and fees, multiple real estate taxes, financial sector risk, currency purchasing power disparity, legal risk, illiquidity of invested capital, poor and inadequate infrastructures, high construction cost compared to neighboring countries and naira exchange rate. The paper advises that the Federal Government should work on the macro economy indices to stem most of the risk factors to make the investment arena conducive for international investors to operate profitably. Furthermore foreign investors need to partner with reliable domestic investors and estate surveyors and Valuers who are more familiar with the economy terrain to safeguard against losses.
Authors and Affiliations
ESV (Mrs. ) Rose C. Okoro, Dr. Anya Igwe- Kalu
Keywords
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