Real Estate Remains Strong and Powerful Investment over the World, Says Toke Benson-Awoyinka

Special adviser to Lagos state governor on housing, Mrs. Toke Benson-Awoyinka has reiterated that the real estate industry the world over remains a strong and powerful investment that cannot be underestimated.

Therefore, the policymakers should ensure that the right policies and laws be put in place and how the knowledge of all these policies can assist in making informed decisions in respect of the investments. Also, having the right information and understanding of the operational environment of the industry by investors and investees is very germane.

She made this comment in her welcome address at the second Lagos Real Estate Market Place Conference and Exhibitions held in Lagos Tuesday, 7th December, 2021 at Expo hall of Eko Hotels and Suites.

This year’s conference and exhibitions themed 21st Century Real Estate Investment Hub was organized by the Lagos State Real Estate Regulatory Authority (LASRERA)

According to Benson –Awoyinka, real estate remains a very strong and powerful investment all over the world, adding that apart from the role it plays in employment generation and creation of sustainable jobs, it has the highest potential of growing the economy of any state and nation.

She said, “As viable as this sector is economically, having the right information and understanding the operational environment by investors or investees is very key and this can be achieved through coaching and professional conferences like this.

“There is a need for us all to know the government’s policies put in place and how the knowledge of all these policies can assist us in making informed decisions in respect of our investments. As a government, we have realized this fact and as such, have been making business-friendly policies that can assist would-be investors, investees operate in a conducive business environment. We all know the havoc and the damages caused by the outbreak of the coronavirus pandemic which brought drastic changes to the financial sector of the world, despite this, the real estate sector remained the preferred investment globally in spite of this threat,’’ she noted.