HOUSE OF INDUSTRY: A TEACHING ON THE NIGERIAN ECONOMIC CLIMATE

REAL ESTATE CRASH CLASS I: REAL ESTATE VALUE CHAIN, REAL ESTATE SERVICES & REAL ESTATE VALUER

I did a recap of an earlier podcast release and then went further to explain services in the context of real estate. In the end I explained what the estate surveying and valuation profession is about and who a Valuer is.

HOUSE OF INDUSTRY: A TEACHING ON THE NIGERIAN ECONOMIC CLIMATE

For some time now I have been studying the economics of development. Economic development and economic growth are fundamental concepts in understanding the performance of an economy and I did my best to explain the Nigerian climate in this episode. My main purpose is to drive value addition, the consumer market and in turn drive real estate investments.

GROWTH DRIVERS IN THE PROPERTY MARKET: URBANIZATION & POPULATION

I talked about how urbanization and population are causing city expansions with their effects. Also encouraged investors to position for the next coming move in prices.

INFRASTRUCTURE, ECONOMIC SURVIVAL & REAL ESTATE

In this episode I discussed how infrastructure and economic survival influence the demand and supply of real estate in Nigeria.

OIL AND REAL ESTATE

With an economy almost running on just oil generated revenue, fluctuations in other sectors to a large extent will mirror that of the oil sector. 90% of Nigeria's exports are oil based, 70% of government revenue is from crude oil sales. In 2016, the country was the 15th largest oil producer in the world, it has the 11th largest oil reserve and 9th largest natural gas reserve in the world. In this podcast episode, I expressed my thoughts on subsidy, public infrastructure, external reserves, exchange rate, purchasing power, inflation and how they all combine to affect real estate held in their sphere of influence.