The real estate market in Nigeria is special. On Banana Island, Lagos, Nigeria which is the most expensive piece of real estate in Africa, it is ultra-special. And not for the faint hearted. Many go in blindly only to lose money. How do to buy, what will sell?
In this episode, an experienced developer, Augustine Okpe, takes us through the hoops you need to jump to develop property on the island, what to do, and probably, more importantly, what not to do.
Augustine Okpe has been in the real estate industry for years, almost 10 of those years building island properties. He is the CEO and builder at Empire Monuments and Structures and Empire Royalties. He studied Architecture at UNILAG, but moved abroad to study Economics at the City University of New York, an academic move that will serve very beneficial in his business.
In this episode, Augustine takes us through:
- Challenges with building on the Island
- Buying property on the Island
- The scams and the hacks
- What real estate on Banana Island is really like
- And… a whole lot about himself
“It is interesting but anything you build will sell… this market is very robust and very flexible.”
– Augustine Okpe
Links Mentioned:
Augustine Okpe’s LinkedIn
Empire Monuments and Structures
Banana Island Living’s Instagram
Banana Island Living’s Twitter
Sponsored by Banana Island School
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