Index to Nigerian Newspapers

Stakeholders are concerned about the prevalence of fraudulent practice and online scams in the real estate business, which is more pronounced in the sector due to its capital-driven nature. To reduce the prevalence of scam, due diligence and process are needed, and certified professionals must do their job by advising customers on the pros and cons of where they intend to purchase properties and the problems they are likely to encounter. The society needs more sensitisation by the institution and government, and people should go through the right channel for scams to be reduced. The real estate market has been slow in recovering from the COVID-19 pandemic, but investment in the market is still doing well. There are some areas of the sector that were affected by the pandemic, such as residential and industrial, but the Lekki axis of Lagos is growing in terms of industrial and residential properties. The office segment performance was low, but will bounce back due to isolation and the difference between coming together to work and working from home. There is a lot of prospect in the industry because the money is there and there are lots of investment opportunities coming up in the country.