The Managing Director of leading Real Estate company, Afriland Properties Plc has identified high interest rates and forex volatility as major factors militating against the growth of the Real Estate industry in Nigeria.<\/p>\n
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Speaking at the 2021 edition of the West Africa Property Investment Summit held at the Four Point Hotel Victoria Island, Lagos, the Real Estate Guru provided insight into problems faced by developers in the real estate industry as a contributor to a discussion focused on trends in financing real estate projects in a post covid world.<\/p>\n
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She said \u201cMost of the loans available we get are at double-digit rates and this makes it very difficult to get a decent return on investment. The Loan Tenure is another challenge faced by developers; Short-term loans are not suitable for infrastructural projects which are long term in nature.<\/p>\n
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The Chief Executive officer also highlighted the effects of the volatility of the dollar on projects. \u201cThe Private Sector, Federal Government and all relevant regulatory agencies need to come together to develop a framework that will hedge against these challenges an agree on key measures that will promote cheaper constructions and drive infrastructural development in the Country\u201d.<\/p>\n
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The Afriland Properties Plc CEO attributed her company\u2019s success over the years to a strategy built on focused development. She stated \u201cWe do not operate the \u201cBuild and they will come\u201d model. A lot of people have put up projects and are still waiting for people to occupy them. Rather, we identify a need, work closely with prospective off-takers before commencing construction\u201d. Another strategy deployed by Afriland, is having a diversified portfolio of investments and product offerings. She pointed out that Afriland\u2019s revenue lines are not limited to real estate development only. \u201cAfriland offers end-to-end services across the real estate value chain. We deploy diverse offerings that are tailormade to offer value to niche clients. Facility management, Project Management, Real Estate Agency services are some of the diverse offerings we deliver.\u201d<\/p>\n
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It will be recalled that Uzo Oshogwe was recently presented with the award of \u201cLeading Woman in African Real Estate\u201d at the 5th edition of the African Property and Investment (API) awards ceremony. Under her stewardship, Afriland Properties Plc has achieved growth from a balance sheet size of N4.24billon when it commenced business in 2013 to N27.1billion currently.<\/p>\n
This article was published in the Daily Sun<\/a> newspaper.<\/p>\n","protected":false},"excerpt":{"rendered":" The Managing Director of leading Real Estate company, Afriland Properties Plc has identified high interest rates and forex volatility as major factors militating against the growth of the Real Estate industry in Nigeria. Speaking at the 2021 edition of the West Africa Property Investment Summit held at the Four Point Hotel Victoria Island, Lagos,… Continue reading High Interest Rates, Forex Volatility the bane of Real Estate developers in Nigeria \u2013 Uzo Oshogwe<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"acf":{"title":"High Interest Rates, Forex Volatility the bane of Real Estate developers in Nigeria \u2013 Uzo Oshogwe ","author":"Editor","excerpt":"The Managing Director of leading Real Estate company, Afriland Properties Plc has identified high interest rates and for","featured_image":"https:\/\/nlyvn.com.ng\/afriland\/wp-content\/uploads\/uzo-oshogwe-wapi-photo.jpg","read_duration":"5","publication_date":"2021\/12\/03"},"_links":{"self":[{"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/posts\/381"}],"collection":[{"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/comments?post=381"}],"version-history":[{"count":2,"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/posts\/381\/revisions"}],"predecessor-version":[{"id":384,"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/posts\/381\/revisions\/384"}],"wp:attachment":[{"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/media?parent=381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/categories?post=381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nlyvn.com.ng\/afriland\/wp-json\/wp\/v2\/tags?post=381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}