Real Estate: A Sector With Opportunities & Bad Players?

Real estate in Lagos state, Nigeria is one of the most lucrative sectors that boosts the economy. We can say that commercialization is one of the biggest specializations in Lagos Nigeria, this creates a mass exodus of people from non-lucrative states, to very lucrative states.

Due to constant migration as a result of more economic and financial opportunities, Lagos state has become of of the most expensive places to live in Africa. This means that there will be a need for shelter and settlement.

In this video, I talked about how specialization of industries, makes one location more expensive than another, and while people who are realtors in Lagos are some of the biggest scammers and opportunists. There are more scams in real estate in Lagos because of the competition to secure a place to do business or places of residence. People are going to continue victims of scams because of the competition.

This isn't to say there are no good players, my point is that there are more bad players because the sector is just too lucrative, the properties are limited but the prospective buyers are increasing daily.

At the end of the video, I talked about why realtors are never concerned about attaining economies of scale, and selling goodwill per unit while making more money through recommendations. In this video, I talked about what drives bad playing, scams, and fraud in real estate in Lagos state, and why this might never end anytime soon.

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