20-10-2016 15:50 via news.yahoo.com

Nigerian property crash attracts funds looking beyond recession

By Alexis Akwagyiram LAGOS (Reuters) - A property market crash in Nigeria offers opportunities for brave investors betting that Africa's most populous nation will deliver high returns when it climbs out of recession. Rents for residential and office property in the commercial capital Lagos have dropped by around 20 percent, year on year, due to a supply glut as projects planned prior to 2014, when oil prices started to fall, are now coming online. Investing in Africa's largest economy requires a
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