UK property expert predicts a good year for Nigeria's real estate sector

A UK property expert, Mr Herbert Chapel, has nothing, but good things, to say about the future of real estate in Nigeria.

The Sun reports that Chapel says Nigeria will experience a boom due to increase in foreign investors.

“Of course, I can tell you Nigeria controls about 40 per cent of real estate business done in Africa. Nigeria has got the population, largest economy in Africa still in need of property development to crash the deficiency in housing accommodation for the citizens. If tempo continues, a lot of thing would go in for the country Nigeria, because people who would be here for business would also bring fund and experts in various sectors and this, you know is another way of giving unsolicited training to the populace."

The expert concluded by calling Nigeria, 'the choice destination for property business in Africa.'

READ: Foreign investors show growing interest in Nigeria's real estate

Chapel is currently in the country to do research and develop his property business.

Do you agree that Nigeria is the choice destination for property business in Africa?