Vesper.ng May 2018 Whats the problem? Finding the right home to - - PowerPoint PPT Presentation

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Vesper.ng May 2018 Whats the problem? Finding the right home to - - PowerPoint PPT Presentation

May 18, 2023 321 likes •499 views

Vesper.ng May 2018 Whats the problem? Finding the right home to invest in Nigeria Developers are building without validated is a difficult process. demand. Most listing platforms are used by agents and Developers engage multiple

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Vesper.ng

May 2018

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VESPER REAL ESTATE LIMITED

What’s the problem?

Developers are building without validated demand. Finding the right home to invest in Nigeria is a difficult process. Most listing platforms are used by agents and not real estate investors. Developers engage multiple agents and pay high fees.

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VESPER REAL ESTATE LIMITED

Meet Vesper

  • A real estate investment

robo-advisor that matches developers with investors.

  • Start off by telling Vesper

about yourself.

  • Sadiq is 28 and is not

married…

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VESPER REAL ESTATE LIMITED

Step 2

  • He makes ₦220,000 every

month.

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VESPER REAL ESTATE LIMITED

Step 3

  • Vesper guessed that Sadiq

has ₦660,000 in savings based on his age and income.

  • Vesper also suggested that

Sadiq should commit around ₦65,000 every month towards a project in addition to his savings.

  • Sadiq adjusted to ₦58,000

and continued.

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VESPER REAL ESTATE LIMITED

Your Personalised Recommendation

  • Vesper thinks Sadiq can

afford a home for ₦15m and has provided 3 suggestions.

  • After Sadiq clicks Match

Me, Vesper stores his data and he will receive detailed recommendations.

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VESPER REAL ESTATE LIMITED

Competition.

Large Database

  • f Properties

Limited Product Offerings Longer time to Identify Investment Agents Property Developers Quick Identification

  • f Investment
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VESPER REAL ESTATE LIMITED

Competitive Edge

Partnerships

Greater customer offering through strong partnerships with financial institutions, mortgage banks & target saving platforms.

Direct customer access

The platform removes the middle man between the developer and the real estate investors.

Large database

Vesper is tapping from a large database of ongoing construction projects organised by deposits required and payment plans.

New User Experience

Unique, user friendly and simple approach to finding the perfect home.

White Labelling

Opportunity to package product as app or plugin and sell to staff co-operatives, property developers or HR departments

  • f large firms.

Personalised recommendations

Customised recommendations are appealing to increasingly lazy customers.

Retail Investor suitability

Simplicity and easy of use makes Vesper a tool suitable for a large number of customers.

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VESPER REAL ESTATE LIMITED

How does it make money?

  • Commissions from every match.
  • Sponsored properties on platform

and extended marketing campaigns for property developers.

  • Premium recommendations.

Market Size

Number of homes being built annually* 275,000 Number of homes built for resale (30% of number above) 82,500 Average Commission 1% Average House Price ₦15,000,000 Total Market Size ₦12,375,000,000

*Real Estate Developers Association of Nigeria. Figure is far below what is required to close house supply gap.

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VESPER REAL ESTATE LIMITED

What Next?

A complete real estate investment robo-advisor using artificial intelligence to provide:

  • Developer and home seeker

matching

  • Mortgage and construction finance
  • rigination
  • Much more…

We are seeking to become the channel accounting for the largest number of residential property acquisitions within Africa.

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VESPER REAL ESTATE LIMITED

The Team

Dolapo Omidire

  • Founder: Estate Intel - Developing Africa's largest web-based collection of

commercial property data-points to help market players make smarter real estate decisions.

  • Team Lead Research: Broll Property Nigeria (Africa’s leading commercial property

services company).

  • Real Estate and Alternative Investments: AXA Mansard Investments Limited.
  • BSc. Investment and Finance in Property.
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Ready to invest?

team@vesper.ng

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VESPER REAL ESTATE LIMITED

  • Grow property database to 3,000 before Q3:2018.
  • Begin engaging large groups of people (via seminars) and encourage usage of

assessment tool to collect data on income profiles. Begin with:

  • Workstation
  • HR Departments of Companies
  • Co-operatives
  • Churches
  • Grow customer database to 1,500 people before Q3:2018.
  • Start sending newsletters to individuals in database with personalised recommendations.
  • Close as many deals as possible when customers indicate interest through a partner

agent.

Next Steps

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VESPER REAL ESTATE LIMITED

  • Over 51m people were in full employment and data from NOI Polls also show that

approximately 51% of Nigerians live in rented accommodation.

  • Indicative market size of 23m employed individuals living in rented accommodation,

many of whom will be keen on moving into or acquiring their first home.

  • Other research also shows Nigeria has a housing deficit of close to 20,000,000 homes

that need to be built and sold.

Appendix 1

Other Market Size Metrics for Home Purchase Demand

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VESPER REAL ESTATE LIMITED

Appendix 2

Market Size of Property Valuation Industry

Number of Registered Valuation Firms in Nigeria 877 Average Number of Valuations a Month 2 Average Number of Valuations a Year 24 Estimated Total Number of Valuations Annually 21,048 Average Fee 200,000 Industry Size ₦4,209,600,000.00

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VESPER REAL ESTATE LIMITED

Step removed

  • Former step 3.
  • Tell Vesper how soon you’d

like to own a home.