When thinking of the best online real estate investment platforms in Nigeria, you can only think of 4 currently. In Africa, real estate investment can be done in several ways but there are different forms of real estate investment in Nigeria that are better than others. This form of investment has proven to be very lucrative but only if you know what you are doing in terms of your time and money.
Having access to the best real estate investment platform in Nigeria will ensure that your investments are always protected, especially if you have rented them out to tenants.
Here is our list of the top 5 real platforms in Nigeria to help you make informed decisions on your property investments going forward.
Top 5 Online real estate investment platforms in Nigeria
Our list includes real estate investment apps in Nigeria for real estate lovers. Investing in real estate has always been a popular way to build wealth. But where do you start? The list below is the list of the top 5 real estate investment platforms in Nigeria, to begin with.
Wealth.ng is a web-based real estate investment app in Nigeria that provides access to multiple ways to grow your wealth, including equity crowdfunding for real estate investments and fixed income peer-to-peer lending.
The company has also just launched an online marketplace where users can buy and sell goods and services.
The Wealth.ng property investment program provides fractional co-ownership for investors, which is a way to own an affordable amount of property that might not be achievable for the average investor.
This real estate platform offers access to opportunities for financial gains without needing the individual to invest an unreachable amount of funds.
Advantages of Wealth.ng
- 100% online and mobile app-based.
- Easy to use.
- Access to multiple ways to grow your wealth.
- Provides access to real estate investments.
- Provides access to fixed-income peer-to-peer lending.
Disadvantages of Wealth.ng
- Limited to Nigerian investors.
- Does not provide access to other types of investments.
- Does not provide access to investing in stocks.
- Only provides fractional property ownership.
Coreum is Nigeria’s first digital marketplace for commercial, retail, and industrial properties. The online platform provides investors with a range of commercial property deals across Lagos, Abuja, and Port Harcourt to invest in.
You can invest in land or buildings, as every property on Coreum is divided into 100 units. Alternatively, you can buy as many units as you like.
The minimum Coreum investment is N50,000 Naira. It might yield between 7.1% and 15% in ROI.
Advantages of Coreum
- Investing is very easy and quick.
- Offers access to commercial, retail and industrial properties.
- Provides property investors with more opportunities for potential ROI.
Disadvantages of Coreum
- Requires you to purchase 100 units of a property.
- Only offers fractional ownership of properties.
- No access to cash dividends.
Oxfordvest is an equity crowdfunding platform that allows users to invest in Real Estate Investment Trusts.
Oxfordvest is a multifaceted investment company that gives investors a wide variety of opportunities to increase their earnings by diversifying their investments.
Investments may be made in agricultural ventures, real estate, oil and gas, finance, and banking sectors. ROI is higher than most average rates and is decent considering the long-term commitment.
You can make payments in USD, Euros, and British Pounds using USSD, Mobile Apps, Internet Banking, and ATMs.
Advantages of Oxfordvest
- Ability to invest with a high ROI.
- Diversification of investments.
- Great customer service
Disadvantages of Oxfordvest
- Fees are high.
- Customer service is only available during business hours.
- Does not provide a variety of payment options.
Risevest is the best online real estate crowdfunding platform in Nigeria for property investments. Risevest is a web-based investment platform that allows investors to invest in U.S. real estate, stocks, and fixed-income assets. You can make real estate investments as part of a larger portfolio through Risevest.
Your one-dollar investment results in more than just monetary gains, in that you get rent and interest on your capital.
Risevest splits up each property it acquires into 10,000 small units, each worth $10.
Every property in the United States owned by All Rise is insured against potential loss, damage, and loss of income from tenants.
Advantages of Risevest
- All Risevest properties are insured.
- Investing is accessible through a website or app.
- Allows fractional ownership of property.
- You can invest in real estate as part of a larger portfolio.
Disadvantages of Risevest
- The company is relatively new.
- Not a lot of information about how it works or who owns it.
- Limited to U.S. investors only.
Koboline is a peer-to-peer lending company that uses blockchain technology to connect borrowers and lenders directly, offering more efficient, transparent, and secure transactions.
This property investment platform allows users to invest in properties. That means that with Koboline, users can team up and crowdfund their property investment in properties in Nigeria and share the profit afterward.
Advantages of Kobonline
- Allows users to invest in properties.
- Directly connects borrowers and lenders.
- Uses blockchain technology for secure transactions.
- Provides loans to people who might not qualify for traditional loans from banks.
Disadvantages of Koboline
- Users are required to pay a one-time fee of N50,000 to join.
- Limited locations for properties.
- Property selection is limited.
Real Estate Crowdfunding For Beginners
You might be asking yourself, “how does real estate crowdfunding work?” I get it. Many people still do not understand how real estate crowdfunding works and we are going to try to make justice to it here.
In property investment, it’s either you use your money to invest or use people’s money to invest. When it comes to Crowdfunding in general terms, it simply means taking socially contributed money from individuals to complete a real estate project investment while promising them a certain return on investment (ROI).
In a nutshell, have about 4 trusted online real estate crowdfunding platforms in Nigeria which include Wealth.ng, Risevest, Coreum, and Oxfordvest. There are other options for Developers to crowdfund their property development as well.
Real Estate Investment Tips You Should Know
When you should consider investing
With interest rates being close to zero percent in many countries, it makes sense for some people to invest their money. However, as a first-time investor, it can be hard to know what you should do.
Some people think you need a lot of money to start investing but that’s not true at all. The best thing about investing is that you can get started with as little as $50 USD or NGN25,000.
The best time to invest is when you have money that you don’t need for a while. If you are saving up for a big purchase, then it might be worth investing some of your money.
Never put your entire savings into it
If you’re going to invest in real estate, make sure you never put all your savings into it. This is because anything can happen, and if you don’t have any savings left after a bad deal (and trust us, there will be one), then you won’t be able to weather a financial storm.
Instead, keep some savings on hand for when things go wrong so that you aren’t completely out of options.
Do your research
Before committing to a property, conduct as much research as possible. Research everything from building specifications to local real estate market trends.
Do note that market data is not always accurate so don’t take it at face value, but it can be a good place to start.
Be aware of the tax implications
As a buyer or seller of an asset, you’ll be subject to taxes on all capital gains. If you purchased shares at $3 and sell them for $6, you have a $3 gain which is taxable.
However, if you’re working with a financial advisor or looking to invest long-term for retirement, there are plenty of ways that your tax burden can be reduced.
Consider making multiple investments
Before you dive into your first real estate deal, it’s smart to keep your options open. Instead of focusing on one property, learn more about various types of properties (apartments, single-family homes, and multi-family homes) and different areas where they’re located.
For example, if you live in an urban area but would like to invest near a beach town where there are many tourists all year long, then you can look for property there.
Which investment platform is the best in Nigeria?
The five platforms we have mentioned in this article are the best investment platform in Nigeria. Therefore, the best online real estate investment apps include Wealth.Ng, Coreum, Oxfordvest, Risevest, Koboline.Com.Ng. However, each of them has its own advantages and disadvantages. So you should consider that before investing in any.
Which platform is best for investment?
Platform with low cost and high investment returns such as the Fidelity Investments is the best platform for investment in Nigeria.
Where can I invest my money to earn the most interest in Nigeria?
- Fixed/Term Deposit Bank Accounts. Many banks in Nigeria allow clients to open a fixed deposit bank account
- Mutual Funds
- Investing in Dividend Stocks
- Real Estate Investing
How Does Nigerian Real Estate Make Money?
Because humans cannot survive without shelter, rental revenue is one of the most popular and evergreen ways to make money in real estate. When most people think of rental properties, they think of residential rental homes, forgetting that commercial rental properties are also available.
There are many things to consider before you invest your money. Do your homework. This will help protect you from risk and also make sure that you are getting top-quality investments that will lead to profits and growth.
Having a diverse portfolio is not just about making money, it’s about protecting yourself.
The top 5 real estate investment platforms in Nigeria we have listed in this article are some of the best real estate investment platforms in Nigeria.
However, there are more than just 5 of them but we decided to list those 5 because they are the best.