Quickly! Let’s dive into it
How much
does a typical housing property cost around the world? Briefly;
·
United States of America - $250,000,
that’s 95 million naira by the way
·
Canada - $400,000, that’s 152 million
in naira
·
Japan - $350,000, that’s 133 million
naira
·
United Kingdom - £300,000, that’s 150
million naira
·
France - $300,000, that’s 114 million
naira
·
Dubai - $500,000, that’s 190 million
naira
·
Switzerland – CHF 1 million (swiss
franc/CHF), that’s a whooping #420m
·
Ireland - $250,000, that’s 95 million
naira
·
Netherland – 300,000 euros, that’s 135
million naira
·
Australia - $650,000, that’s 247
million naira
·
Turkey - $250,000, that’s 95 million
naira
·
Nigeria – 35 million naira
A typical
housing property being a 3 to 4 bedrooms house of about 2500 square feet in a
good suburb area, usually outskirts of a major city, with relatable access to
the average social amenities to enjoy a simple life, not a luxury life, I
repeat a simple life.
In prime
real estate, there’s a huge difference in cost of purchasing a property and
cost of building from scratch, global real estate practices are usually designed
in such a way that it costs more to build on your own supervision than to buy
on sale, usually twice to thrice as much. Fortunately in Nigeria it is a
totally different case, this is due to the flexible nature of the real estate
industry within the country, so although a typical housing property in Nigeria might
averagely cost from 35 to 50 million naira on sale, with the help of experienced
building professionals and consultants, you have better chances of building the
same properties for half as much, that’s if you indeed employ very familiar and
competent hands.
Thanks for
reading
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