Dr. Stephen Akintayo, one of Africa’s most influential investment coaches, Guide Specialist/Founder, Stephen Akintayo Consulting.
How near are we to enduring a worldwide economic downturn? This is a tough concern even for economists in the midst of war, the spike in oil costs, large layoffs and a stifled offer chain, the most effective new information is the 12 months-more than-calendar year U.S. inflation price shrinking to 7.7% in October 2022 from 8.2% in September. It may possibly however be way too early to rejoice, on the other hand, as other major economies as well as building types like Nigeria are recording small or even destructive GDP expansion in 2022.
It truly is not news that actual estate assets tend not to diminish in price, in particular when when compared with other economic financial commitment automobiles like shares, bonds and cryptocurrencies. Throughout the Covid-19 recession time period in 2020, I was capable to build prosperity in the serious estate sector and expand my small business across unique states in Nigeria as effectively as internationally. In this piece, I will share practical nuggets to tutorial your entry into the serious estate investment decision scene. I can assure that if you put into practice these methods, you are going to have a potent probability of results irrespective of site or the economic local climate.
1. You should not buy smaller get a lot more, even if it usually means collaborating.
If you obtain only 1 plot in a virgin spot, you have established oneself up for inescapable regrets when the land appreciates. Like I generally say, invest in for the future, not the present. Take away sentiments and psychological underpinnings when investing in land banking.
Success idea: Detach from your personal taste and choices when it comes to creating serious estate