“TOP FIVE REASONS TO OWN A PROPERTY IN NIGERIA”
The Nigerian Real Estate Market is yet to be fully tapped and for the few investors already in it they are well to do. This is because the sector is yet to be fully tapped into. Population Explosion- Nigeria has a population of over 140million people as at the last census exercise in 2006. This simply equals to a large demand for shelter across the nation, and most especially in the commercial areas of the country. E.g. Lagos, Abuja, Port Harcourt, Aba and Onitsha. The Federal and State Governments of Nigeria have got a little impact and contribution in providing homes and shelters for their citizens. This has created a large vacuum in the Real Estate sector, so big a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in every 100k people live in government owned houses. Demand over Supply- going by the number of people currently based in Nigeria and the number of new businesses on the increase in the country it is imperative to say that the demand for both Residential and Commercial Accommodation has shot up 100% and counting. The Fifth Reason why you should own a property in Nigeria- is for you to be play a role in filling the large gap in the sector. There is no asking if it’s a sure and viable area to invest, this sector is yearning for both small and large scale investment. And returns on investment is guaranteed 100%. check our website for property listings WWW.FSBO-HOME.BIZ/1933
Ikay Izuako is a real estate agent and marketer,
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Now days, Gurgaon is considered as the satellite town of Delhi & NCR region. This is all because within just limited period of time this place has achieved significant amount of infrastructural development and growth. In fact, this place is become the first choice of those who are looking to buy property in Delhi & NCR region.
With various developed and developing housing societies in Gurgaon, it is the desired destination for those who are looking for dream home. Here, the real estate companies Gurgaon will act as a helper and will help you in achieving this dream. This is not all; Gurgaon has also become the IT hub of Delhi. As, many international companies are coming to this city and investing heavily here.
However, it has been seen that buying, selling or renting any sort of commercial and residential property in Gurgaon has become a daunting task for many. Thus, to solve this issue now many real estate agencies Gurgaon are present.
The real estate agencies Gurgaon will not only help you in finding the best property as per your requirement. But they will immensely help you getting a low cost deal. Also, the agents will help you complete legal formalities related the project without any hassle. Moreover, the property agent will work on your part and negotiate for the right price of the property.
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Modest median price gains in new and existing homes, a stable interest rate on the 30-year fixed mortgage, decreased housing starts and a stable unemployment rate are some of the features of the 2007 housing forecast provided by major trade group economists as reported by The Inman News.
NAR chief economist David Lereah expects new-home sales to fall from 1.07 million units sold in 2006 to 975,000 units in 2007, which is an 8.7% decline. He cites decreased new home construction as a large contributing factor to this change. The median new home price of 8,400 in 2006 is expected to increase by 1.3 percent to 1,400 in 2007.
NAR also predicts that existing home sales figures for 2006 to end around 6.47 million units, which is an 8.6% decline from 2005. The 2007 forecast for existing home sales is 6.43 million units. The median price of existing homes in 2006 was 3,700 and is expected to increase 1.7% to 7,500 in 2007.
Doug Duncan, chief economist for the Mortgage Bankers Association predicts the interest rates on 30-year fixed mortgages to stay around 6.5 percent, but mortgage originations to fall 14% to .1 trillion.
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