The Chief Executive Officer (CEO) of Albert & Wand Company, Mr. Akinwale Albert Akinlabi has advised real estate practitioners in the country to acquire proper education.

He also advised them to build network to share ideas and knowledge in the profession.

Akinlabi also said networking ability of business owners is very crucial in the sector, as “your network is your net-worth.”

According to the real estate expert, business owners must also be diligent, sociable, and able to build a great intuition through experience on how and where to deploy capital.
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Giving an evaluation of the country’s real estate industry, he revealed that the sector is a highly profitable business with more investment opportunities this year than in previous years, especially in 2020 due to the COVID-19 pandemic.

“This is mainly because investment in government bonds and other financial assets, such as the fixed deposit and treasury bills were not enticing or as profitable as before,” he said.

Akinlabi said work is ongoing to ensure that investors were educated on favourable real estate investment opportunities that could offer high returns. These opportunities, he said, included landed properties, mostly in established estates, short-let investments and off-plan developments.

On dealing with customers, he said: “Real estate is always about customer satisfaction first. Therefore, entrepreneurs must be passionate, diligent, and patient with clients, while focusing less on the money, and more on future relationships that can blossom from initial interaction.”

Akinlabi said he has worked effectively to build his company into a powerful brand that every individual can trust and execute business with.

“Real Estate is one of the currently booming businesses in Nigeria that requires resources, strategic thinking and experience,” he said.
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