Inflation is currently rampaging through Nigeria, wreaking havoc on every economic sector in the country, despite this, there will never be a better time than the present to make a real estate investment.

Why is real estate considered the best investment option during inflation?

According to recently released Consumer Price Index data from the National Bureau of Statistics (NBS), Nigeria’s inflation jumped to its highest level in 11 months, rising from 16.82 percent in April 2022 to 17.71. percent.

It will come as no surprise to learn that inflation is rampaging through Nigeria right now, wreaking havoc on all economic sectors of the country, including the real estate market in Nigeria. Inflation is currently at its highest point.

Despite this, there will never be a better time than the present to make a real estate investment. Even though inflation is currently wreaking havoc on the economy, money invested in the industry will eventually appreciate rather than depreciate.

As a direct result of this rapid rate of real estate appreciation during this period, inflation can really be seen as a gift in disguise for real estate investors, guaranteeing a lucrative return on investment in the shortest amount of time possible.

Also, for people who have access to foreign currency earnings, real estate is a long-term gamble worth considering. This is due to the fact that the volatility of the exchange rate regime allows an investor to purchase significant assets below market value with smaller dollar amounts. This is especially true in the mid-market sector, which has massive unmet demand.

READ ALSO:  Environmental impact of the wrong location of the factory in Nigeria

Investing in real estate has consistently been shown to be highly protective against high inflation and resistant to impairment. On a daily basis, ordinary Nigerians continue to experience the consequences of the devaluation of the Naira.

However, the cost of goods and services has skyrocketed for many households and businesses, putting pressure on the amount of discretionary income many Nigerians can set aside for savings or investments.

Previous articleWhy do you need an agent to determine the right sales price for your home?
Next article2023 Harvard MBA Scholarships in USA