Ahead of the company’s property expo set for June this year, T.A.G Nigeria, a property consultancy firm based in Lagos is hosting stakeholders to a breakfast meeting onMarch 29, to highlight emerging opportunities in Nigeria’s property market.
It would seem the odds are stacked against the property market in Nigeria. A struggling economy saw inflation rise to 18.72 per cent in February and the property market recorded negative growth in 2016.
Yet a 2017 Real Estate Industry Outlook published by Cromwell Professional Services International forecasts a 5.39 per cent growth between 2017 and 2020.
T.A.G Nigeria in a release sent to BusinessDay, said it is seeking to point investors to where the opportunities lie in the industry and says the feedback it is getting points to intense interests from local developers.
The company says the breakfast meeting will give it an opportunity to explain to stakeholders what they stand to benefit from the launch of its 2017 expo which will be held in two distinct locations in Houston Texas, United States and London, United Kingdom.
“There has been a remarkable amount of feedback drawn from the UK sessions and a direct appeal to the team for a repeat – this is largely due to the fact that the UK winter edition was targeted at professional groups who were in attendance through designated representatives,” said Michael Ejoh, chief marketing officer, T.A.G Nigeria.
He further said, “This time, we have proposed a long term execution plan that will allow more individuals to experience the fair independently, as well as get on board the exhibitors mailing lists.”
The TAGEXPO partner network led by Francis Efoechoku, chairman of T.A.G Nigeria Limited, includes top real estate organizations around the country who are a direct target for intending buyers in the diaspora, made up of Nigerians across different career fields seeking property investment in specified locations in the country.
The company says the breakfast meeting signposts a buildup to the expo as it will afford it the opportunity to make a case to investors and local developers on the value of the expo to the property market.
The unique design around the hosting of the TAGEXPO is its theme to allow stakeholders “Meet, Invest, Secure”, providing a platform for credible property development firms exhibit their latest developments to Nigerians and others in living outside the country who wishes to invest in the property market in Nigeria.
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