Real estate is one of the most valuable assets in Nigeria, and traditionally, it has been an industry reserved for the wealthy few. However, a startup called Ownstack is looking to change that by democratizing the real estate industry in Nigeria. In this blog post, we will discuss why and how Ownstack is changing the face of real estate in Nigeria.
Why democratize real estate in Nigeria?
The real estate industry in Nigeria has been plagued by a lack of transparency, high transaction costs, and a limited pool of investors. This has made it difficult for ordinary Nigerians to invest in real estate, as they are often excluded from the market due to their limited financial resources. Additionally, many Nigerians are skeptical of the industry due to the prevalence of fraudulent activities.
However, real estate has the potential to provide Nigerians with a steady stream of income and a secure investment. By democratizing real estate, more Nigerians will have the opportunity to invest in this lucrative industry, which will help to reduce income inequality and spur economic growth.
How is Ownstack democratizing real estate in Nigeria?
Ownstack is a real estate investment platform that allows Nigerians to invest in property with as little as N30,000 ($40). The platform connects investors with real estate opportunities that were previously only available to wealthy individuals and institutional investors.
Ownstack also offers transparency in the real estate industry by providing investors with detailed information about the properties they are investing in, including location, property type, rental income, and other important details. This information helps investors make informed decisions about their investments and reduces the risk of fraud.
Another way Ownstack is democratizing real estate is by reducing transaction costs. Traditional real estate investments require a large amount of capital, and the costs associated with buying, managing, and selling property can be prohibitively high. Ownstack’s platform reduces these costs by pooling investors’ funds and managing the properties on behalf of the investors.
Finally, Ownstack is making real estate investments more accessible by allowing investors to invest online from anywhere in the world. This means that Nigerians in the diaspora can invest in real estate in Nigeria without having to physically be present in the country.
Ownstack is a game-changer in the Nigerian real estate industry. By democratizing real estate, the platform is providing ordinary Nigerians with the opportunity to invest in a valuable asset that was previously out of reach. With its transparent, low-cost, and accessible platform, Ownstack is transforming the real estate industry in Nigeria and contributing to the economic growth of the country.