With its potential for steady cash flow and long-term appreciation, real estate is one of the most stable and lucrative asset classes, even though investing in real estate requires significant capital.

However, to get round the huge investment capital required for the purchase of a rental property or a commercial real estate, an innovative solution known as crowd funding is gaining popularity in the Nigerian real estate sector.

Though, a relatively new concept in Nigeria, crowdfunding is an innovative way of offering an everyday investor the opportunity of participating in the real estate market with relatively small amounts of money.

Realtor Segun Olumuyiwa said, for instance, that crowdfunding in Nigeria is still evolving, but noted that the most attractive feature of real estate crowd funding is perhaps, the ability to invest with relatively low capital.

Olumuyiwa said traditionally, purchasing a rental property or commercial real estate required hundreds of thousands or even millions of naira. He, however, said with crowdfunding, “you can start investing with as little as N5, 000 or 10, 000 daily or weekly as the case maybe.

https://thenationonlineng.net/home-ownership-real-estate-crowdfunding-offers-fresh-vista/amp/