We have seen the U.S and U.K economy move from prosperity to recession and things may yet get tougher as we move toward the end of the year. The western world is presently experiencing an economic slowdown, one so severe that it had not been experienced since the great depression of 1929. Economists are of the opinion that it may take 3years to come out fully from the recession and that only well prepared companies, armed with clear strategies and foresight will remain in business during the next few years.

For decades in the developed world, Land was wealth, real estate was wealth, and investment in shares and stock was wealth, unfortunately there is never a good time for financial crisis, and this one comes at the worst possible time, where everything owned is losing value. The ripple effect of this financial crisis is the economics crisis, then trade crisis which turn into an employment crisis. This has hastened the transfer of global production power from west to east.

However, the gloom of the present financial crisis is not so universal as both the Asian and African economies have not been so badly affected. The next phase of development will likely be seen in emerging markets of Africa and Asia and very few countries in Africa are as well positioned as Nigeria, to benefit from the new wave of development. This is further confirmed by the recent Fitch rating that re-affirmed Nigeria as a stable economy with positive economic outlook.

Downtown New Homes, wish to invite you to an emerging market with a significant growth potential and an untapped housing opportunity in today’s world. We seek a long term partner that we can jointly harness and exploit the real estate opportunities in Nigeria.

Our conviction for the success of this project is based on proven statistics for:

.... - A property market with high demand (both regular housing and luxury apartments)
.... - demand for over 100,000 new homes, which could be sold off plan!
.... - Existence of a community where property value is comparable to that of major big cities around the world!
.... - An environment with limited concept of mortgage but unequal in cash payment for property!
.... - A young, educated and increasingly wealthy middle and upper class!