REAL ESATE

The desire to invest in African real estate is a powerful one for many Diaspora Africans. It’s often a way to connect with their ancestral homelands, contribute to local development, and potentially secure financial stability. However, navigating the complex world of real estate investment from abroad can be a daunting task. There are 10 essential tips and strategies that could help such investors make informed decisions for successful and profitable investment in this sector.

1. Research the African real estate landscape

Before making any investment, thorough research is paramount. Start by gaining an understanding of the overall real estate market in the specific country or region you’re interested in. Explore factors such as market trends, property types, and pricing dynamics. Online resources, local real estate agencies, and industry reports can be valuable sources of information.

2. Local partnerships matter;

Establishing reliable local partnerships is a cornerstone of successful real estate investments in Africa. Local partners can provide invaluable insights, assist with property selection, navigate regulatory hurdles, and ensure that your investments align with local market conditions.

3. Understand legal and regulatory frameworks;

Each African country has its own legal and regulatory framework governing real estate transactions. These regulations can vary significantly, impacting property ownership, taxation, and investment structures. Consulting with legal experts who specialize in real estate in your chosen market is essential to ensure compliance.

4. Diversify your portfolio;

Diversification is a fundamental strategy in investment. Spread your investments across different property types and locations to mitigate risks and maximize potential returns. Consider residential, commercial, and industrial properties in various regions.

5. Leverage technology and data;

In the digital age, technology has made remote real estate investing more accessible. Utilize online platforms, property listing websites, and data analytics tools to track market trends, identify opportunities, and conduct due diligence without being physically present.

6. Assess risk and returns;

Every investment involves risk, and real estate is no exception. Conduct a thorough risk assessment, taking into account factors like market volatility, economic stability, and potential currency fluctuations. Balance these risks against expected returns to make informed investment decisions.

7. Plan for financing;

Secure financing for your investments early in the process. Explore local and international financing options, including mortgages, private lenders, and partnerships. Having a clear financial plan is crucial to executing your investment strategy.

8. Stay informed and adapt;

The African real estate market is dynamic and subject to change. Stay informed about market developments, economic shifts, and regulatory updates. Being adaptable and willing to adjust your investment strategy is key to long-term success.

9. Seek Professional Advice

Don’t hesitate to seek advice from professionals such as real estate agents, lawyers, financial advisors, and property managers who have expertise in African real estate. Their guidance can be invaluable in making informed investment choices.

10. Start small and scale gradually

If you’re new to African real estate investment, consider starting with smaller, manageable projects to gain experience and understanding. As you become more comfortable with the market, you can gradually scale your investments.

Investing in African real estate from abroad can be a rewarding journey, both personally and financially. By following these tips and maintaining a patient, informed approach, you can simplify the process and increase your chances of success in this promising market.

Source; Businessday.ng

Sterling Homes, a property development company in Nigeria has allocated completed housing projects and lands to home owners at its ongoing developments at Havilah Courts, Mowe and Jewel Gardens Eleko, Ibeju-Lekki respectively. This grand ceremony was executed as part of the company’s week-long 12 years anniversary celebration.

Subscribers to the residential scheme, an affordable housing initiative commended the company for fulfilling its promise of timely delivery and using the best quality building materials despite the increasing cost of construction.

One of the subscribers, Mr. Mike Peters lauded the company for the impressive Havilah Court Project.

He said, “I subscribed to Havilah Court after I came across a post on the company’s Instagram page and I loved everything that I saw. Not only was the property super affordable, the estate layout, location and amenities surpassed my expectations. I congratulate Sterling Homes for successfully executing this massive project. They are trustworthy, they carried me along. Every one of their activities was documented and since it’s documented, it gives you the room to trust them. The allocation process was seamless. They gave me their word and kept to it. Happy Anniversary to them”

Another satisfied customer who was introduced to Jewel Gardens through a property consultant affirmed the company’s integrity saying, “I am already a part of the Sterling Homes family. One of my realtor friends introduced me to Jewel Gardens and I bought it. Today, I am an active promoter of the company’s works and my children too not only have plots here but also encourage their friends to buy and invest with Sterling Homes. I love the speedy nature of the sale. I purchased it 2 months ago and I just got my land allocated today with all documentation handed to me. Their customer service is excellent, I will rate them 5 stars anyday.”

Speaking about the allocation exercise and Sterling Homes’ 12th Anniversary, Dr. Kunle Adeyemi, the Chief Executive Officer restated the company’s resolve to provide affordable and quality housing to Nigerians. He said, “owning a home is one of the best feelings ever. It is this aspiration that has propelled us these past 12 years to develop all the estates we have today. All our projects are situated in serene locations with perfect titles and without government issues.

“Sterling Homes has taken a step further in the fulfillment of its vision to make the home ownership process smooth and flexible for every Nigerian. We hold ourselves to the highest standards in real estate and we always deliver on our promises. We are very intentional about our relationship with our customers, and we deliver on their expectations in every way. I also want to appreciate all Sterling Homes subscribers for the trust they have placed in us over the past years. We exist to serve them and we will never let them down.” Adeyemi stated.

Sterling Homes is a renowned property development company that is setting the pace for the development of residential estates and creation of safe haven for individuals and families in Nigeria. It has contributed immensely to the nation’s housing demands within communities like Lekki, Ibeju-Lekki, Mowe, Ikorodu and Ota amongst others.

Discover the top 10 actions that diaspora investors can take to ensure a profitable venture in real estate

Sterling Homes Celebrates 12th Anniversary, Allocates Bungalows, Land to Customers in Mowe and Ibeju Lekki