Tuesday, September 14, 2021

Global Housing and Real Estate Summit and Expo: Why Nigerians are Acquiring Properties Abroad

 


The Global Housing and Real Estate Summit and Expo is a program designed to unify globally real estate experts, professionals, buyers, sellers, developers, regulatory bodies among others.

The Global Housing and Real Estate Summit and Expo, diaspora edition is powered by Trade Nigeria in partnership with the Federal Government of Nigeria.

The Height of economic uncertainties in Nigeria is causing a spike in property investments abroad not just by wealthy Nigerian citizens, who have traditionally explored this option, but by members of the middle class using the opportunity to obtain citizenship in foreign countries.

Investment in land and properties is popular worldwide for obvious reasons. Shelter is a basic need of mankind, a profitable investment venture and a core requirement for production. Several (relatively small) countries looking to attract foreign investments into their real estate, hospitality and tourism sectors are using property investment opportunities with the added benefits of fast-tracked residency or citizenship status for investors as bait for high net worth foreign nationals, mainly from the African and Asian continent.

According to findings it was discovered that at least 22 countries across the world have Citizenship by Investment (CBI) programs that offer foreigners citizenship or permanent residency after they have invested in real estate and Nigerians who can afford these offers are actively subscribing to them.

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