Drake Woodworks CEO Opens up on Trends shaping real estate industry in Nigeria

Chief Executive Officer (CEO) of The Drake Woodworks Limited, Mr Adeniyi Adeoye

Adeniyi Adeoye,  the Chief Executive Officer (CEO) of The Drake Woodworks Limited, a  player in most demanding sectors of the Nigerian economy especially real estate Incorporated in 2018 has opened up on top  trends shaping the real estate industry in Nigeria. According to him; “ Nigeria real estate has improved 150% compare to a few years ago, ranging from top-notch finishing to smart homes. Real estate thrives off the back of strong macro-economic fundamentals and the 25 per cent home ownership rate in Nigeria reflects the challenging operating environment. 

There will be regulatory and compliance intensity, with heightened title uncertainty in high profile locations. However, technology can be expected to take centre stage in the sector this year, with extremely strong growth prospects for growth in comfort homes, led by demand from first time home buyers, millennials, young families and empty nesters."

Speaking further, the business executive added:"At The Drake Homes, we understand the power of collaboration and strategic partnership. We have a working relationship with top real estate companies within and outside the shores of the country. For us, the goal is to shape the face of the real industry".