Welcome to PAUL & CHRISTIES
"In the year 2013, Ernst & Young projected, Sub-Sahara Africa Foreign Direct Investment projects in the real estate, hospitality and construction sector increased by 63 percent, making the real estate sector the fifth most attractive in terms of investment and returns. The Nigerian Investment Promotion Commission estimated that Nigeria needs investment of $100 billion over the next 6 years for projects including roads, electricity, oil and gas, railways and housing.
As these funds got invested in the economy and especially into infrastructure, there has been an increasing shift towards real estate investment. This sector has evolved and recorded tremendous growth despite the Naira devaluation, fall in oil prices and decline in the stock market. The reason is simple; shelter remains one of man’s basic and most important needs."
Despite this laudable development, the industry and its stakeholders still face challenges owing largely to huge capital investment required, inadequate resources and the age-old question of financing. These challenges are commonplace with stakeholders such as real estate developers and even consumers.