Real Estate industry has capacity to mop up unemployed youths, says expert
With over 29.7 million graduates in the country unemployed, youths have been urged to maximise opportunities in the real estate industry and be financially empowered.
This call was made at the launch of Realtor Max Firm, a registered real estate firm in Lagos. Speaking at the event, which was held at LTV 8 Agidingbi, Ikeja, Lagos recently, the Chief Executive Officer (CEO) of Realtor Max, Dr. Michael Adeyemi, said the sector was very viable in terms of creating job opportunities.
His words: “With over 28 million home deficit in Nigeria presently, this implies that people will always look for somewhere to put their heads. Therein lies the employment opportunity, which Realtor Max Firm is currently offering our unemployed graduates as we raise a community of 5000 Realtors. So, unemployed graduates can come in as Realtors to market lands and rental apartments for forms, thereby earning up to 10 to 15 per cent on their sales.
“Real estate is financially safe; landed properties appreciate. It also provides stable cash flow especially in rental income as an asset that generates money while you’re not working, amongst others.”
Adeyemi further said that Realtor Max was not only providing job opportunities for the unemployed youths, but also offering people the opportunity to own their own properties and also use the industry to grow their own wealth.
“With this platform, people can start with whatever amount they have, pay on a monthly basis, thereby becoming a landowner. Already we have properties in different locations that are affordable that people can key into. As developers, we also help them to develop these estates into habitable environments,” he added.
In his address, the Special Adviser to the Governor Babajide Sanwo-Olu on Housing, Mrs. Toke Benson, represented by Mr. Oriakhogba Emmanuel, said Realtor Max Firm is fully registered with the Lagos State government, adding that investors were free to partner with the firm.
He warned aspiring investors not to partner with unregistered real estate firms, saying it could be dangerous.