Mr. Akin Opatola, a leading figure in Nigerian real estate, projects positive growth for the sector in 2025, backed by favorable GDP figures and infrastructural investments. He highlights significant developments in luxury and affordable housing, advocating for collaborative efforts to meet diverse market demands. Opatola also emphasizes the importance of mentorship and knowledge sharing within the industry for future success.
Mr. Akin Opatola, CEO of Akin Opatola Consulting and Chapter President of FIABCI Nigeria, has expressed an optimistic outlook for the Nigerian real estate sector in 2025. He cites the recent performance of the Gross Domestic Product (GDP), which is projected at 3.8% to 4%, highlighting significant investments in infrastructure and capital projects. As real estate typically mirrors economic performance, he believes that these indicators herald positive growth for the industry.
Acknowledging the aggressive activity in various sectors such as residential, commercial, and industrial, Mr. Opatola reported numerous developments in the Eco-Atlantic area, including the largest American embassy in the world and several corporate and residential projects. He pointed to the rapid progress of the 700-kilometer Lagos-Calabar road, which is expected to enhance land value in the vicinity. The development of rail lines and the second international airport along the Ibeju-Lekki axis further stimulates investor interest alongside new residential projects catering to various price points.
He emphasized the strong demand for luxury residences priced over one million dollars, reflecting a significant market segment driven by expatriates and high-level executives. However, he also addressed the housing needs of the middle and lower-income demographics, noting that many developers are focusing on affordable housing projects. Mr. Opatola advocates for collaborations between indigenous developers and the government to enhance accessibility and affordability in housing.
In addition, he expressed gratitude for his recent elevation as a Fellow of the Nigerian Institution of Estates, Surveyors and Valuers (NIESV), viewing it as a culmination of his professional aspirations. He intends to continue mentoring younger professionals and contributing to the development of the industry by sharing his knowledge and experiences. Despite challenges, Mr. Opatola remains committed to fostering innovation and growth within the real estate sector, with a hopeful perspective for the future.
In conclusion, Mr. Akin Opatola’s insights reflect a constructive outlook for the Nigerian real estate market, underpinned by positive economic indicators and substantial infrastructure investments. The demand for diverse housing options, from luxury to affordable, signals healthy market activity, supported by both local developers and international investors. His commitment to mentoring future professionals and contributing to the field reinforces the potential for sustained growth in this vital sector.
Original Source: www.zawya.com
