Following the election of the president-elect Bola Ahmed Tinubu, the city of Abuja will experience a significant change in the real estate sector. As such, a transition in the newly elected democratic regime.

This means that the real estate investment and property market will experience a peak demand post swearing in of the new administration, thus investable long-term capital seeking expression through the market. Following up on this change in government, there are a few points I will like to share:

Rental housing: There will be a need for rental housing as the new president-elect and his cabinet will have several appointments to make. This will attract a high inflow of people in Abuja for several appointments. Abuja is certain to see several official and administrative activities in the rental sector; companies and organizations are bound to set up their headquarters or branches which will boost rental accommodation in the real estate sector in Abuja.

Multi-living units – Multi-living units would be a great choice for diasporas and foreign investors interested in the real estate market in Abuja. This conveys the impression of an increase in demand for multi-living units.

With a new government, there will be a high demand in “warehousing and logistics” for individuals and government in the real estate sector. Government and non-governmental agencies will offer logistics in coordination with the embassies, interior design companies, postal offices, and several other government organizations.

The healthcare sector will experience major changes in the new government regime of Bola Ahmed Tinubu. Just like the covid 19 pandemic where experts in the healthcare sector all over the world were invited to Nigeria, it is certain to be the same for this new era.

The real estate sector will have opportunities in healthcare in Abuja with the new government. Due to the need for experts to relocate to Abuja. Thus providing accommodation and in turn, boosting the Abuja real estate market. The Abuja healthcare industry remains under supplied and presents exciting opportunities for investors.

Conclusively, with the observation of positive movements in the sector in the first quarter of the year 2023, experts agreed that the real estate sector has a glaring outlook that would translate into growth and opportunities this year.