The founder of Digital Landlords and ShortletHomes, Keji Giwa claims that the recreational shortlet market can generate a 30% return on investment for investors.
Giwa stated in a statement that developers hold the key to
making Nigerians in the diaspora interested in buying real estate in the
country.
He said, ‘‘Nigeria is fast becoming the destination hub for
indigenous tourists every easter, summer, and what is now called dirty
December. Property developers should focus on recreational real investment to
attract tourism and recreational activities.
“This will boost the recreational short let market which can
generate a 30 per cent ROI for investors.’’
Giwa stated that “Attracting the international community
using recreational and tourism-based initiatives will attract revenue in
foreign dollars and pounds, overcoming the dollar to naira depreciation issue
buyers, investors/ landlords are now faced with today.
“The key is to sell recurring value and no longer just
selling properties to turn landlords into tenants through extortionate
electricity bills. Recreational short let opportunities can create recuring
revenue in dollars or pounds for buyers provided operational cost is low.”
He added that this was the idea behind Giwa Garden City which was a facility
comprising 570 vacation homes right next to Giwa Gardens Water Park in
Sangotedo the largest water park in Africa.
0 comments:
Post a Comment