Have you ever heard this misleading real estate advice from people including some realtors?
Buy land… just buy land anywhere, it will appreciate.
While that’s not a bad advice, if you’re buying to build for yourself.
It’s a terrible piece of advice if you’re buying a parcel of land or large parcels of land for investment purposes… you shouldn’t just buy land anywhere.
You may be wondering why that’s the case…
Well, if you’re investing in real estate, you’re investing with an expectation of getting a good return on your investment.
And the level of appreciation of your property and the return on your investment is affected by the location of the property and the infrastructural and economic development of the area.
That’s the exact reason why the value of properties can rise by as much as 100% or more within a few years in certain places in while a property purchased at the same time in some other location has barely risen in value significantly.
In today’s post, we’ll be showing you 4 places to consider when thinking about investing in real estate.
Are you ready?
Let’s dive in…
Top 4 Destination For Real Estate Investment In Nigeria
Yes, Ibeju-Lekki again.
This area is a fast appreciating location.
Within few years both early investors and onlookers have watched the value of real estate rise by over 100% in Ibeju-Lekki.
The rapid appreciation in the value of properties in this region is still on the rise, with experts predicting, it would rise to as much as N450 million per plot in the next 10–15 years.
This forecast is not a hype, similar events has happened at Ikoyi, Victoria Island and Lekki where a plot of land is now sold for hundreds of millions of naira.
Currently, (as of the time of this writing) you can be a proud owner of a piece of land at Urban Feat Estate, Ibeju-Lekki with 2 million to 2.5 million naira…
Now imagine what your property will be worth few years, if you decide to resell for profit after a few years.
How about if you decide to build a residential apartment, office space or other commercial structures and rent it out to earn rental income, to earn a massive return on your investment.
If you have been sitting on the fence about investing in Ibeju-Lekki, now is still a good time to get in…
Because you’ll be able to acquire your parcel of land at a lower price compared to those that’ll decide to invest in Ibeju Lekki in the next 1,2 or more years from now.
Think about it…
Just as the early investors in Ikoyi, Victoria Island or Lekki are profiting today, that could be you, too, in a few years from now.
Let’s move on to our next top real estate investment destination.
The beauty of real estate investment is in the fact that you could invest at different levels.
So, if Ibeju-Lekki or price of properties in other parts of Lagos seems a bit pricey for you right now, all is not lost.
You could consider investing in Mowe/ Shimawa.
Mowe/ Shimawa is a border town between Lagos and Ogun State.
Which makes it a haven for investors because of its proximity to Lagos.
In fact, some smart real estate investors that are working in Lagos have already invested in Mowe/ Shimawa.
Basically, they commute to work in Lagos while living in Mowe/ Shimawa… It’s that close to Lagos.
Instead of missing out on the opportunity to invest and profit from real estate because of the price of land in Lagos, you can take the advice of John Jacob Astor to “buy land near a growing city.”
And Mowe/ Shimawa is right near the growing city of Lagos… so as the population of Lagos continues to increase, more persons will begin to live in towns that are very close to Lagos.
With the construction of the Lagos-Ibadan expressway, there will be greater ease of movement for people living in
And the combination of this infrastructural development and the influx of more people into the area will lead to a steady rise in the price of land in Mowe/ Shimawa.
Also, it’s close to camps of religious organizations including the Redeemed Christian Church of God, Deeper Life Bible Church and Mountain of Fire.
The presence of these organizations will also attract more people to the area creating opportunities to earn from rental income, sales of properties and hospitality.
Atan-Ota is located in Ogun State and it’s home to Covenant University, Bells University, Ogun State Institute of Technology and other higher institutions of learning.
This presents an opportunity for investors to profit from rental income earned from hostel buildings.
Also, Atan-Ota is close to Lagos. You can access Lagos from Atan-Ota, through Agbara which is linked to the Badagry expressway.
And if you’re investing in real estate in this area for commercial purposes, you’ll be in good company, because of the high level of industrialization of the Atan-Ota-Agbara axis.
You can invest in Atan-Ota and become a landowner in Zaam Estate or Westville Estate with as low as 1 million naira to 1.5 million naira.
Ibadan situated in Oyo state is the largest city in West Africa (in landmass).
If you’re looking for a place of calm to escape the hectic hustle and bustle of Lagos, then you should consider investing in Ibadan.
It also benefits from being close to Lagos.
Again, with the completion of the Lagos-Ibadan express way, residents of Ibadan will enjoy greater ease of movement to and from Lagos.
And the icing on the cake will be the completion of the railway system linking Lagos to Ibadan.
This will make commute from Lagos to Ibadan (and vice versa) easy.
Plus, cost of living in Ibadan is lower compared to Lagos, which makes it an attractive destination for people who want to live in a modern city without experiencing the hectic nature of Lagos, while being close enough to enter and leave Lagos (for work and business) with ease.
One of the strongest attributes of savvy investors is the ability to spot opportunities others can’t see yet (or are simply ignoring) while it’s unfolding or on the brink of unfolding…
Which allows them profit more, because they were early adopters of that opportunity.
You, too can take advantage of the opportunity to invest in these locations while others are watching and smile to the bank just few years from now as their value appreciates and you enjoy good returns on your investment.
Are you thinking about investing in real estate?
Do you need help with acquiring land and homes from trustworthy and reputable organizations without being swindled by land-grabbers (omo onile)?
Don’t worry, we’ve got you covered. Simply send us a message on WhatsApp or call 0811 027 8930 to make enquiries for your next land and property purchase.