If you are looking for investments to diversify your portfolio or you are looking for more addition to your investments to increase your wealth, then buying land is a good decision to make.
However, it’s not enough to just buy land but to buy land that has great potential to give a high return on investment. Although land indeed appreciates over the years, some lands appreciate way higher than some.
In this article, you will learn some of the locations where land is predicted to have a high return on investment in Lagos State, Nigeria. Some of these locations are explained below:
One of our previously published articles addressed the benefits of buying land at Ibeju Lekki, among these benefits is a high return on investment included. Ibeju Lekki is currently known as the New Lagos. This name mainly evolved from the new developments currently going on in the region of Ibeju Lekki Local Government Area. Some of these developments include the Dangote Refinery and Petrochemical Plant, New Lekki International Airport, Lekki Free Trade Zone, and the Lekki Golf Course among others.
With all the ongoing developments going on in Ibeju Lekki, the priced value of lands at this local government will skyrocket in a few years.
Arepo is a fast developing area on the outskirt of Lagos State. One of its benefits is that they leverage the fact that they have proximity to Lagos State. The price of lands at Arepo is gradually increasing over the years, and some early investors have already started earning their returns. A recent development ongoing in this region is the projected service lanes that will be built in connection with the Lagos-Ibadan Expressway. Asides from the proximity to Lagos, it is located in a serene environment that is free of noise and a stressed environment.
Epe is also another location that holds high potential for an increase in land value. With the ongoing developments going on at Ibeju Lekki which will also cause the price of lands to skyrocket, there will likely be an increase in demand for lands at Epe as people will seek alternatives with lands at a cheaper rate. This is made possible with the road construction project of Ibeju Lekki-Epe Highway proposed by the Governor of Lagos State aiming to provide ease of transportation for everyone going to and fro Ibeju Lekki and Epe.
Ikorodu is also a region of Lagos that is fast developing, it has been recorded that a high number of people are moving to this part of the state. Some of the previous and ongoing projects in this region include the construction of roads and the construction of hundreds of houses and estates by the Lagos State government to bring more people to live in the local government. With the increased migration to this area, there will be an increasing demand to buy lands at Ikorodu. This increasing demand will therefore push up the value of lands in this location.
Simawa is a growing community located behind the Redeemed Christian Church of Christ campground with a population of over 10,000 people from all walks of life and ethnic groups in Nigeria. The community is fast attracting development and is turning out to be a combination of beauty, comfort, and affordability for traders, settlers, and real estate investors. Simawa’s proximity to the Lagos-Ibadan expressway is an advantage that cannot be overemphasized. The expressway has in recent times, proven to be the busiest inter-state route in the country as well as one of the largest road networks in Africa. Various world-class landmarks in its environment such as Redeemed Christian Church of God campground, Redeemer’s University, Caleb University, etc. which all serve as an attraction for people all around the world. The cost of land in Simawa is currently affordable but these prices are gradually increasing, serving as a good investment for investors who wish to resell their lands in the future.
If you are ready to become an investor today, you can contact us at Meritabode Nigeria Limited, we have the best and discounted prices for you.
Call us on 09074443444 or 09074442444, or Visit our head office at 1B, Alfred Olaiya Street, Awuse Estate, Opebi – Ikeja, Lagos State.