Lagos vs. Johannesburg

While Johannesburg may be the richest city in Africa which is undergoing impressive development, Lagos with its young population and oil, — is the future hub for property investors, reports Ortneil Kutama, Africa Property News.com Media Director.

Investors and Developers are thus encouraged to see Lagos as a longer term play.

Nigeria has a gross domestic product of 1 trillion US dollars according to 2014 estimates by the CIA World Factbook. South Africa’s gross domestic product is $707bn.

Lagos is a much longer term play than the city of Johannesburg in terms of projects for developers but the red tape in Nigeria is not easy to navigate. Johannesburg remains the powerhouse city of Africa. Some property funds are thinking ahead and investing in...

 TO GET THE FULL STORY, CLICK HERE FOR MORE