10 proven ways Africans can make money investing in real estate
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Loading... - Dofi Maxwell
- 08 Aug 2022
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Real estate is a profitable sector in Sub-Saharan Africa due to the region's fast-rising population and high demand for accommodation. Already, some investors are making a fortune by pushing up property/rent prices in several cities across the continent, thus making real estate ideal for potential new investors.
But do Africans know the proven ways to make money in the real estate sector? Below are some proven real estate money-making strategies that will help you generate profits. These strategies were culled from several reliable sources, including Investopedia.
1. Long-term Residential rentals
A report by Investopedia shows that residential rentals are one of the fastest ways to make money in real estate. With the fast-rising population in Africa, there is always a need for shelter. Africans can benefit from real estate with residential rentals in safe neighborhoods with good schools and access to water and public transit. People want to walk freely and interact with the community without security risks, making a safe location ideal for long-term residential rentals.
2. Real Estate Investment Trusts (REITs)
Real estate investment trusts (REITs) allow investors to earn rewards without holding physical property. REITs offer diversity opportunities to investors, primarily in the market niches. Africans can buy and sell real estate investment trusts in the open market for rewards. Read More...
