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 Agbolahun 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 products that will ease and simplify the process of selling and buying in the real estate market,” Agbolahun added.
The COO revealed that, most Nigerians in diaspora want to invest in real estate in the country, but they are afraid due to the fraud that goes on in the sector. “They may be afraid that an agent will abscond with their money due to high rate of fraud and insecurity level in Nigeria. But with technology, we have an application called Virtual Tour, that allows one to inspect property wherever they are. They don’t need to be in Nigeria, before they can buy the properties they want,” the COO revealed.
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