Fractional Ownership: Not too young to own Real Estate assets.
Fractional Ownership isn’t entirely a new concept. In one way or another, as individuals, we might have been involved in Fractional Ownership without even knowing.
For example, five people living together, males or females, aged 17–26, who desire to own a Playstation 4 or a dressing mirror. However, one person cannot afford to buy either of these things by themselves, so they all come together to purchase the PlayStation 4 or dressing mirror. By doing so, they are all Fractional Owners of these products, each having the power to make decisions regarding the products. Nobody can just decide to use the PlayStation or dressing mirror as a Valentine's gift for his/her partner.
But the mirror or PlayStation 4 is not an appreciating asset, especially when it’s dedicated to be used domestically. If these products are put up for rent or used commercially, then they’ll be considered assets with the potential to yield returns for the benefit of all five owners. So they would be said to be fractional owners of an appreciating asset.
Fractional Ownership in Real Estate:
Fractional ownership in real estate is simply buying/subscribing/investing in a percentage or fraction of a real estate asset. This makes it easier for young people with low or average income to own Real estate assets.
In Nigeria, the Real Estate market is anticipated to achieve a value of US$2.26tn by the end of 2024.
Among the various segments within the market, Residential Real Estate holds the largest share, with a projected market volume of US$1.93tn by 2024.
Between 2024 and 2028, the market is expected to exhibit a compound annual growth rate (CAGR) of 7.52%, resulting in a market volume of US$3.02tn by 2028.
The real estate market in Nigeria is experiencing a surge in demand for luxury apartments in major cities. (https://www.statista.com/outlook/fmo/real-estate/nigeria)
Real estate is an ever-growing market and a reliable way for every young person to grow wealth over a while.
Abode and Fractional real estate ownership:
Abode is a social community that enables micro-investors to save, co-own, own, and profit from prime properties with as low as N5,000.
Our platform connects users to prime and vetted properties, based on their budget, and financial goals and provides end-to-end management,
making it easy for previously disenfranchised individuals to participate in the prosperity of the global real estate market. We are on a journey of “Helping 1 million Africans experience the pride of earning rental income’’. Abode is supported by Meristem Securities and certified by EFCC.
Abode in numbers:
Beyond sharing prosperity with Africans through real estate assets, Abode is keen on creating a large wealth community. This has seen them organize monthly Financial Intelligence webinars and an annual event called “The Slice” where customers and associates are rewarded, financial knowledge is dispensed and new products are launched.
Employed, self-employed, entrepreneur, student, whatever you do, you can now co-own real estate assets with as low as ₦15,000 and also refer and earn commission on Abode. Sign up and join in the shared prosperity!
