As the last quarter of the year gradually winds up, real estate businessman Lucky Ikechukwu Ujomu declares that 2019 has been a good one for him and most stakeholders in the property sector.
In the words of Ujomu, the MD and Chief Executive Officer of Luckybay Homes Nigeria Limited and Luckybay Estate and Properties Limited, “while 2019 is not exactly a boom year for real estate, it is also not a bad year too.”
Ujomu, who began his career as a real estate broker in 2009 before he founded Luckybay Homes four years later, further affirms: “There had been far worse years and with the country exiting the recession, those in the property business can look forward to a boom in the market.”
He, however, opines that the situation could be better if only the government had offered strategic support to the real estate sector. “The sector will be better and on a sound footing had there been funding from government or had made the process of land documentation easier and hassle-free,” he says.
Speaking further, the Luckybay Homes boss avows that no prudent investors will overlook the opportunities of real estate where there is room for newcomers as either estate developers or property marketers. “Real estate is a business that in bust or boom gives a high Return on Investment (RoI),” he says.
Ujomu avows that he has no regret being in the real estate business. “This is what I always wanted to do. That is why I did not mind starting as a broker before I founded Luckybay Homes Nigeria Limited which has grown in leaps and bounds to become a major real estate company in Lagos State,” he states.