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How Firmseed Will Transform Real Estate Investment in Africa
The recently released Knight Frank’s biannual 2022/23 Africa Real Estate Report highlights many of the challenges facing Africa’s promising real estate market. Despite a difficult couple of years, the finding remains hopeful for the future.
According to the report, Africa’s real estate sector was hit hard by the recent pandemic, with overall cross-border investment slumping to US$ 274 million in 2021, a dip of 49% from the year before and down 54% from 2019. Of course, apart from Jeff Bezos, most of the planet has had better years, and the report remains optimistic about the future of Africa’s real estate industry.
One factor, the report highlights as critical to an upturn in the market, is affordability, and that’s where the upcoming blockchain solution, Firmseed, may have the edge.
Building Bridges: Firmseed Democratizing the African Housing Market
Firmseed is leading the charge to democratise the housing market, and as its launch draws near, the organisation is unveiling its future plans. High on the list for this year is a big push to get in on the African Market. What makes Firmseed so attractive to potential investors is the company’s plan to sell fractional digital shares in its ever-growing property portfolio. This will allow investors to get a proverbial foot on the property ladder so to speak for a sliver of the usual investment, making the platform an ideal gateway to the African property market.
Local Expertise: CEO’s Vision for Firmseed
Firmseed founder and CEO Emeka Uzoewulu, spent a good deal of time in Africa researching the market first hand and his experience and local knowledge give Firmseed a keen advantage over other would-be investors. Indeed, the entire project is a result of a field trip he made in 2020 and his understanding of Africa’s unique property sector.
“I saw an opportunity to use blockchain technology to create a platform that would allow people to invest in fractional ownership of real estate, providing them with the benefits of property ownership without the high costs. ” Emeka Uzoewulu, Firmseed Founder and CEO.
Two Distinct Investment Approaches for Varied Investment Goals
The platform offers investors two different options in terms of investment. They can choose to BUY-TO-HOLD and physically own a share of the portfolio and, therefore, a share of all the benefits that come with it. This means a percentage of potential rental income, profits from property flipping, or just good old-fashioned appreciation as prices rise over time. Alternatively, interested parties can skip all that and opt to BUY-TO-SAVE instead. This allows token holders to choose to hold, stake, or trade FIRM, Firmseed’s own unique utility token. The token is the lifeblood of the platform and the ecosystem and the digital currency which powers the marketplace. It offers traders a wealth of options to glean a return on their investment including the potential to unlock equity in the shape of $BUS. Of course, there’ll be other ways to leverage FIRM, including reflections and other rewards. The benefit of owning the token rather than taking a chunk of the portfolio is that their investment isn’t tied into the portfolio and in theory more liquid. Instead of waiting for prices to rise or investments to come full circle, BUY-TO-SAVE investors can simply lock their funds in for a fixed term which is determined by their expected return on Investment.
Digital Infrastructure Boosting African Real Estate
Getting back to the report, big investments in digital infrastructure in key African countries are expected to nudge property prices, leases, and rental incomes back towards pre-covid levels. Indeed, in fast-growing cities like Lagos in Nigeria, residential and office rates are already on the mend. All of this bodes well for savvy and sassy disruptors like Firmseed.
“We plan to explore opportunities in emerging markets, particularly in Africa and Asia, where there is a growing demand for real estate investment and a huge housing deficit.” Emeka Uzoewulu, Firmseed Founder and CEO.
Building a buzz
Firmseed recently announced its long-anticipated Whitelist, and a recent partnership with leading Cryptomarketers Lunar Strategy has resulted in mentions on leading DeFi sites like Coin Telegraph, Bloomberg, and Yahoo Finance, as well as articles like this from Blockster about the organisation’s founder Emeka Uzoewulu. With the token launch imminent and a solid buzz behind the project, you may want to register your interest and join the whitelist, or follow Firmseed’s progress on any of the links below.
Contact: [email protected]
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