PERFECT HOMES MAGAZINE ( Editor Stan Israel) by Stan Israel | Page 261

Lagos, Nigeria

AFRICA
Africa is the last great economic frontier. For
many years the continent has been plagued
by instability, but today, many economists
believe that we are entering a period of
dynamic growth across the continent. Vast
but underexploited mineral and agricultural
wealth combines with a young, growing
population to create the bedrock for many
years of growth. In parts of Africa, this can
already be seen. Many African capitals
are growing rapidly as the middle classes
grow and as overseas executives pour in to
support burgeoning foreign investment.
This economic growth creates an exciting
opportunity for property investors. As the
wealth of local people increases and as
the immigration of expatriates continues,
there becomes an acute undersupply
of appropriate housing. This is already
happening in places like Uganda, Angola
and Tanzania to name but a few.
Because of the market dynamics, property
in Africa generally has a much higher yield
than in other markets as well strong growth
prospects. A project where property is
aimed at rental to expatriates makes a
prime opportunity. It may sound high risk,
but it is possible to invest safely in African
property and profit from the continents long
awaited boom.

TO WATCH:
Eko Pearl – Eko Atlantic

Eko Pearl is a 24-story residential tower located
on the harbor front in Lagos’ innovative Atlantic
city: “Eko Atlantic City” scheduled for completion
in 2017. Residents of this brand new luxury
tower will be able to enjoy uninterrupted views
of the water as they take in the endless breeze
from the ocean.
In addition to living in the newest prime area
of Lagos, residents will enjoy first class
infrastructure facilities, including: uninterrupted
power, water and security services. Amenities
in Eko Pearl, in addition to what Eko Atlantic
City contains, will also offer a swimming pool
and tennis courts.
For more information visit: www.ekopearl.org