MONEY SPEAKS 1 NOVEMBER 2013 | Page 66

From the table you can see how the American dollar In communities all over the world the value of land has depreciated in “real” value i:e purchasing power by over 25 times. For example, what $1 dollar could buy in 1900 now requires $25 dollars, or to put it in a real scenario, if you wanted to buy a house which cost $1 million dollars in 1900 today, it will cost you $25 million dollars. Many people seem to believe that the more “paper” money they have in their bank accounts, vaults, mattresses and safes, the more economically secure they will be and yet that assumption couldnt be further from the truth. Paper money is not wealth, it is a means of exchange which means that it can be used to purchase wealth. So if paper money isnt wealth then what is? Wealth is any asset which has the inherent ability to maintain its value over several generations. The greatest form of wealth known to Man is “land”. It was Mark Twain the famous American poet who said and I quote “Buy land because they’re not making anymore of it”. continues to increase from generation to generation. What your Grandfather paid for a plot of land in 1930 is certainly not what you and I would pay for that same piece of land today. So if land is valuable then so is anything built upon that land. This now leads me to the ultimate wealth preservation vehicle “property”. The demand for housing in Nigeria far outstrips the supply and this is what has fuelled the exponential growth we are seeing in the real estate sector. Houses which were sold last year for N20 million naira are being sold for N40 million a year later. It is an open secret that Nigeria has one of the fastest growing real estate sectors in the world and this is just the beginning. With a teeming young population which makes up 75% of our 180 million population, the growth in the real estate market has only just begun. We are a professional real estate development and management company and our services are second to none. We will hedge your paper money against currency devaluation through the construction, rental and management of exquisite apartment blocks. The services we provide are as follows; • • • • • • We source the land We design the apartment block (Minimum of 12 apartments) We build/construct the apartment block We seek tenants for the apartments We rent out and manage them on your behalf You must simply seek back and watch your investment grow