Benefits Of Property Investment In Nigeria
Here are the advantages of property investment that will make you smitten:
1. As passive income
Property investment is the right way to create passive income. Income earned just by sitting comfortably or while lying at home.
Money enters the account in the form of rental income, dividends, interest, and even royalties from property investment results. Isn't it delicious? It is suitable for preparation for retirement or in old age.
2. Prices tend to go up, big money
Property investment is known as a low risk investment. That's because the property market is not as volatile as the stock market.
The proof is the increase in property prices an average of 10-20% per year. Even if it goes down, the reversal is fast, so you can make big profits.
3. Not eroded by inflation
Looking at property prices which tend to continue to rise by a percentage of 10-20% every year, this means that it is far beyond the inflation rate. Inflation in Nigeria averages 3-5% per year (if not mistaken).
4. You determine the price
You are an investor or property owner. What price or rate do you want when selling or renting a property. Control is in your hands.
5. No need to be monitored every day
Stock and mutual fund investments need to be monitored at all times. But not with property investment. You just buy a property, then rent or sell it. You can earn right away.
No need to be monitored every day, because your assets will not be lost. In addition, the tenant will take care of your assets. If you want control, you can do it once in a while.
6. Can be used as collateral
The property you buy can be used as collateral or collateral when you need a bank loan. Maybe you need additional capital to increase your investment or during an emergency.