The Chief Operating Officer of Northcourt, a real estate investment solution company, Mr. Ayo Ibaru, has disclosed that the outbreak of the coronavirus is delaying a lot of real estate transactions.
According to him, residential real estate remains the core of real estate transacting in Nigeria even though several transactions are presently stalled.
Speaking furthermore, he noted that healthcare investment has been brought to the forefront of investment in Nigeria's real estate market with pharmaceutical and redevelopments leading the way.
"Covid-19 has stressed the need for technologies, specialisation and partnerships within the real estate market.
According to him, initially, when the pandemic started, everyone went into panic and different people were saying different things about the real estate market.
