Best Places To Buy Land In Lagos Today With High ROI
Best places to buy Lands in Lagos for Maximum Returns on Investment:
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• Sangotedo
• Abijo
• Lakowe
• Bogije
• Ibeju Lekki
Note that all these area are within one corridor, which is Lekki-Ajah Corridor.
To take
a few examples
• Abijo
: Located in the exterior part of Ibeju Lekki, Abijo over the years has
experienced a high influx of people and businesses thus shooting up property
prices in the axis. This area is developing as an extension of the present
Lagos
•
Sangotedo : Located at Eti Osa, Ajah Lagos, has been rapidly developing over
the years and is a very good place to invest in. A quick practical example,
land in Sangotedo in 2014 was N5 - 6m and now N15 - 20m in 2019. Properties
in this area will keep appreciating at a rapid rate.
•
Bogije : Situated close to the Lekki Epe expressway, another very good place
to invest your hard earned money. Properties in this area are still very much
affordable and because of its proximity to areas of high development, will
definitely rise in value in the near future and more.
• Ibeju
Lekki : Home to the multi billion dollar Dangote Refinery, the Lekki Free
Trade Zone, the newly proposed Lekki International Airport and Lekki deep sea
port. This is the best place to put your investment in. Ibeju Lekki is going
to be the new face of Lagos and in the not too far future will have a
development pattern that would beat both Lekki Phase 1 and Victoria Island combined.
This does not need further preaching on, it is simply the best place to
invest in Nigeria today. Find a good estate and invest in properties there
for very high returns in both short term and long term. Take advantage of
this opportunity today.
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Now let's continue,
The fact about these are Lands within the Lekki Ajah corridor have the greatest potentials for future appreciation.
Example: Currently a plot of land in Abijo GRA currently sells for N10m, N11m respectively.
In 5yrs it could sell for N40m or N45m/plot and in another 10yrs, its still going to follow this trend in appreciation in price until it reaches a point of resistance.
At this point it could be selling at N100m, N120m/plot that's depending on the level of developments and value that has been added to the location.
Lekki Phase 1 has already come close to that point of resistance.
About 20 years back, Lands within Lekki phase 1 were selling below N1m plot, and there was a high potential of appreciation in price then but now plot in Lekki phase 1 sells between N200m to N250m and it has reached its peak appreciation rate.
What am trying to say in essence is Lands in Lekki Phase 1 can only appreciate by 1%,2% or even less.
So in short explanation, anyone who's currently buying a plot of Land in Lekki Phase 1 is not buying because of appreciation in price but currently buying because of development that has evolved around the area.
POINTS TO NOTE:
The best time to buy real estate is before the developments happen.
Reason: Because its going to be cheaper at that time.
- Buy that house off plan, sometimes you don't need to wait until its fully built.
- Buy that land now before the development, don't wait until it fully develops.
- Buy that land in that estate when its still undergoing development.
The more developments that happens, the higher the price.
Eg; Arium Estate Abijo GRA was selling for N7m/plot last year September, and currently its selling for N10m/plot.
Westwood Park Estate, Sangotedo introductory price last year was N8.4m/plot. But, right now it is selling for N17.5m/plot.
Question:
What happen in such a short period???
Answer:
DEVELOPMENT HAPPENED, VALUE ADDED AND CAPITAL APPRECIATION INCREASED
Lagos real estate is world class because its arguably the head quarter of world commerce, and real estate thrives greatly on commerce.
Acquiring a land within Lekki - Ajah axis of Lagos isn't just acquiring a land. It is acquiring an investment especially when you do so in the place with the needed ROI pointers.
In conclusion, invest in that estate today before development goes there fully. Just make sure you look out for the pointers, don't make the mistakes of thinking a place will become developed when there are no pointers that any of such things will happen.
Remember, where there is development increase in value is guaranteed.
Let's help you get started today and make that smart move. Don't keep all that money wasting in the bank or in investments with little profits. For investors also looking to build a home, come and enjoy beauty and peace of mind in our wonderful estates with 21st century standard facilities.
Contact us today at Mark-Jar Realtors for more information, inquiries and site inspections. We'll help you be a part of the new generation of wealthy investors coming out from Nigeria in the years to come.
Buy value, buy peace of mind.
Contact Information
Call/Whatsapp : 08169219796
Email : markjarrealtors@gmail.com
Facebook Page : http:/facebook.com/markjarrealtors
Instagram : @markjarrealtors
Regards,
Akinade Olaniyi
CEO Mark-Jar Realtors.
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