Daily Independent (Lagos)
Dada Jackson
3 November 2008
Lagos — Managing Director of Personal Trust Savings and Loans Limited, Mr.Anthony Owuye, has canvassed the need for members of the public to buy into mortgage shares if only to secure their investment.
He made this disclosure on the heels of the global economic depression, which he noted would lead to a phenomenal boom in the real estate sector in the coming year.
According to him, people should begin to imbibe the culture of buying into mortgage shares as the current economic crisis was bound to have a multiplier effect on the global economy. He stressed that the real estate sector has a bright future no matter the level of global depression.
Owuye said that those who buy mortgage shares have an inherent advantage of buying into properties, which he described as the driver of the economy.
Owuye pointed out that mortgage shares usually appreciate since they are tied to properties that continue to increase in value.
The renowned economist was of the opinion that, even in developed climes; real estate is a sector that would always attract investments that could trigger the growth of any economy.
He appealed to members of the public not to hesitate in divesting into real estate shares, which could be easily accessed via mortgage shares.
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