Mr. Akin Opatola predicts strong growth in Nigeria’s real estate sector by 2025, citing positive economic statistics and ongoing infrastructure projects. He highlights significant demands in both luxury and affordable housing markets, urging Nigerians to embrace investment opportunities. His recent elevation to a fellow of NIESV emphasizes his dedication to the industry’s future and mentoring younger professionals.
Mr. Akin Opatola, a Fellow of the Nigerian Institution of Estates, Surveyors and Valuers (NIESV) and CEO of Akin Opatola Consulting, expresses strong optimism regarding the real estate sector’s future. He emphasizes the significant role of positive economic indicators, such as a notable GDP growth rate of over 4%. This has inspired renewed focus on infrastructure and capital projects, essential for positive developments in real estate.
In 2025, Mr. Opatola anticipates continued growth in real estate, fueled by impressive statistics revealing substantial activity in residential, industrial, and commercial spaces. His recent visit to the Eco-Atlantic development site revealed over 25 active projects, including the construction of the world’s largest American embassy. These projects, along with major developments on the Lagos-Calabar axis, indicate a thriving market in real estate.
The Lagos State Government’s advancements in infrastructure, especially in rail transport, position the sector favorably. Mr. Opatola highlights high demand for luxury homes in premium locations and notes an uptick in activity due to diasporas returning for holidays and events, further enhancing the investment landscape.
He addresses the segment of the housing market catering to middle and lower-income individuals, emphasizing that numerous projects are underway to meet these needs. Many developers focus on affordable options, contributing significantly to the market while contending with challenges such as the high cost of building materials.
His insight includes recognition of accomplished local developers and transformative projects like the Purple Mall, which enhances the area and meets middle-income housing demands. Mr. Opatola’s elevation to fellow status in the NIESV marks a significant milestone, underscoring his commitment to continuous improvement and mentorship in the industry, promoting development and aiding younger professionals.
In conclusion, Mr. Akin Opatola’s insights underscore a bright forecast for the Nigerian real estate sector, driven by robust economic indicators and infrastructure developments. His emphasis on the need for affordable housing solutions, coupled with a growing market interest from both local and international players, offers a compelling case for investment in this sector. With ongoing projects and community involvement, optimistic growth appears attainable.
Original Source: www.zawya.com
