The future of real estate in Nigeria is gaining traction. But not in the manner that you imagine. With increasing concerns over Nigeria’s expanding population growth (over 200 million people), we see the emergence of a working population comprising of dynamic, technologically savvy, agile, and increasingly embracing risk by establishing startups from tech companies, financial institutions, and modern restaurants. Young professionals keep away from the regular and expensive office and residential arrangements and adopt the cost-saving features and flexibility that shared accommodation and working spaces provide. Mobile technology has empowered consumers, which has forced the real estate industry to innovate.
However, there remains a major demand-supply gap in the various real estate submarkets: office, residential, hospitality, and retail. While real estate investments provide an opportunity for citizens to participate directly in the economy, the regular means of achieving this are far-fetched for many citizens, and the system needs to evolve. To re-energize the real estate sector, boost the economy and restore access to the real estate industry, Oakwood Heights Limited has strategically rolled out innovative and affordable real estate investment options for the lower-middle working-class population.
Oak Flexi: This investment option allows you to buy your desired property by granting you access to the National Housing Fund (NHF) of N15m at an interest rate of 6% per annum, in addition to a mortgage loan. This loan has a maximum tenor of 30 years. Oakwood Heights compliment the NHF loan with a link to a mortgage, to make up the property’s value to be purchased.
Oak Staff Mortgage Scheme: This is a special investment scheme designed to provide and administer housing schemes and mortgage finance for employees and co-operative societies, corporate unions, associations, etc. It is tailored to fit into specific organizations based on their salary and pay structure.
Oakhome Ownership Build Up: Oakhome ownership build-up is an investment option that allows you to provide half equity of the desired property by building up your savings to 50% of the property’s value. We provide a balance of 50%. You will be allowed to occupy the house while providing the remaining equity through mortgage or rent-to-own-bases on installment payments.
Joint Ventures: This service enables owners of undeveloped land property in prime locations to partner with us to develop their real estate and earn income. Our Joint venture (JV) service provides a platform where we partner with other landowners to develop houses for sale. This can involve sharing of profits or otherwise. Our objective is bringing satisfaction, value, and maximum returns, with the hope of making homeownership affordable and simple.
Property Development: Under this service, we assist investors in refurbishing old, foreclosed, or abandoned properties in prime locations into luxury and deluxe apartments / commercial buildings. The properties can be put up for sale at a significantly profitable margin.
The story of Nigeria’s real estate industry is bright, and Oakwood heights Limited is in a strong position to deliver properties and services which are financially, physically, and fit for Nigeria’s future.
For inquiries, please reach out to us on 07047214004 or send us a mail at info@oakwoodheights.com.ng