By Adedapo Adesanya
A real estate investor and managing director of Eko Shortlets, Mr Tobi Misan Adegboyega, says the Nigerian shortlets market will record significant growth.
According to him, this is one of the surest investment choices a property owner can make because they are assured of making the best bet with their assets by keying into the unsaturated market as it will help bring balance to the housing supply chain crisis.
Mr Adegboyega believes that with Nigeria’s expanding middle class and teeming youth population, the demand for shortlet apartments will rise exponentially and there will be a need to service the necessities.
According to him, every period has had a commodity to serve the population in the past and with the growing number of millennials and Generation Z in Nigeria, real estate is the next move on the chessboard, just as the economy is opening to diversification.
“In the 1970s, we had oil driving the economy, it pushed us to develop as a society as it contributes to a higher percentage of our foreign earnings and now that we are moving towards a diversified economy, one of such available avenues is in real estate.
“The evidence and the numbers support this assertion. For example, Nigeria’s population is aiming to double in the next 30 years and with the migration to e-commerce and remote working, the use of workplaces that offer serenity and accessibility is not lost on those that can provide it.
“Real estate forecasts shows that demand for warehouses, distribution centres, and other properties that allow e-commerce will continue to rise.
“Analysts expect that the value of the global investable real estate will in the next few years grow by an average of 5.2 per cent annually to exceed $85 trillion.
“So, if you are a property owner, we are calling on you to quickly jump at this opportunity to partner with us,” he said.
He further said Eko Shortlets will be open to partnerships that will offer attractive offers to both homeowners and clients.
“The goal is to close the demand and supply barrier and to drive convenient and efficient housing through our proficiently executed services.
“Our current client base can testify to how the arrangement works. We always place our customers first by providing affordable apartments while providing solutions to the housing market in Nigeria,” the real estate expert said.
Eko ShortLets is an apartment management company that has taken up the challenge to change the shortLet and apartment tale, one customer at a time.
The company also takes on other people’s property in a managerial capacity. These properties will be put up on its fleet of tastefully furnished apartments and they will be made up to fit into the standard of primus inter pares luxurious spaces, whilst retaining an almost pristine state.
Owners of such property will be given a percentage of the company’s income on a monthly basis without fail. To this end, it’s a win-win situation for both the owners of properties and the team at Eko ShortLets.
Modupe Gbadeyanka