Estate Professionals Woo Investors In Niger Delta

Professionals in the real estate sector have urged investors in the housing sector to take advantage of the numerous consumers that abound in the Niger Delta cities, particularly in Port Harcourt, and invest in the housing sector.

They have also posited that the peace which has returned to the region, the absence of which had been given as reason for exodus of people and non investment, should now be exploited in terms of investment in the housing sector, since there is a very high demand for housing, particularly in the medium and low income group.

Speaking to The Tide on the issue, an estate surveyor and valuer, Francis Odeleye said that peace must reign for ample resources to be attracted for real estate investments to be encouraged within the Niger Delta.

He said “prospective investors and consumers of real estate would like to be assured of a peaceful habitation and uninhibited enjoyment of interest in land or their development properties”.

Odeleye therefore posited that the peace that has returned to the region, combined with the high demand for housing, especially in Port Harcourt and its environs was enough reason for real estate investors to invest in housing in the region, and earn returns on investment.

Also supporting Odeleye’s views, another estate valuer, and a member of the Nigerian Institution of Estate Surveyors and Valuer (NIESV), Mr. Kingdom Orlu posited that the decision to invest in the housing sector would be predicated on the quality of environment within which such real estate is to be sited.

Orlu said the issue of Boko Haram in the north is a threat to estate development.