Stakeholders Seek Adoption Of Digital Technology To Boost Real Estate Industry

Real Estate industry players have reiterated the need to deploy technology into Nigeria’s real estate sector to boost the sector through improved investment, liquidity and home ownership.

The industry players who spoke with LEADERSHIP, at the 8th Annual WAPI Summit in Lagos, said Nigeria is far back when it comes to technology especially in the real estate industry.

To change the narrative, the chief operating officer, BuyLetLive, Modupe Agbolahan said technology is the future, and as such, the real estate space cannot be left behind. “This is the main reason we have come up with a platform that will ease and simplify the process of selling and buying in the real estate market,” Agbolahan added.

The COO revealed that, “We will have features on the BuyLetLive site such as Virtual Tour, that allows one to inspect properties without visiting the site .

She disclosed that the adoption of digital way of doing business has been great in Nigeria as more people now see it as the way of life.

In the same vein, the head, marketing and communications, Spleet, Tofunmi Alo said making properties in Nigeria accessible to everybody in the world is one sure way to boost the real estate industry.

Alo said Nigeria’s real estate industry has in recent time, embraced innovative ways to doing business in real estate. “For example, Spleet provides people a platform that connects landlord to tenant. We also have a product called Verify in the pipeline, that will enable tenants to rent a house now and pay later. In the next five years, we plan to expand our product and service to other countries like Kenya, Ghana,” she revealed.