WHAT TO EXPECT WHEN INVESTING IN REAL-ESTATE.
Investing in Real estate has become a popular term in many circles in recent times, as a result of the evident returns enjoyed by certain individuals who serve as living proof of the benefit of investing in Real estate. Real-estate investments has proven to be very lucrative and attractive for many who have ventured into the business, with constant media advertisements on mass media and online commercials leading many people to consider investing in real estate as one of the very best ways to go about securing their investment.
Lands and houses for sale in Lekki and Ikoyi about ten years ago were very much relatively cheaper, as compared to today and this serves as an eye-opener to the continuous and relative appreciation of land and property relative to the passage of time.
According to a quote by Sam Shepherd, “investing in Land is the only sure investment. It can never depreciate like a car or washing machine. Land will only double its value in ten years”.
For instance, lands in Ibeju-Lekki, Epe, and Ajah areas of Lagos has been described by many Land developers and observers to be the next big thing when it comes to real-estate investment in coming years, as lands in these areas are currently relatively cheap and affordable, and as such are a fool-proof way for any smart investor to get beautiful returns on their investment in subsequent years, as the value of these lands have been predicted to skyrocket in just a few years to come.
Many can take their minds back to several years back when part of Lekki phase 1 was carved out and named; a metamorphosis of the then Maroko slum which was dislodged by the then Raji Rasaki administration in Lagos state, as these ‘new’ lands were initially put out for sale at relatively lower prices. Only few years later and the lands in Lekki had appreciated in value and had become an hot-cake sought after by investors in Lagos, Nigeria and amongst foreigners looking for the next big property to invest in, having being recognized as one of the most sought after and most expensive real estate properties in Nigeria and in Africa as a whole.
According to authorities and Real-estate pundits, it has been widely speculated that the areas of Epe, and Ibeju-lekki, with an abundance of land for sale currently, will see tremendous growth and industrialization in a few years and with the relatively cheap price these properties are currently going for, it is estimated that they will soon be huge ‘gold-mines’ for investors and those buying properties in these areas in a few years, as quite a number of establishments have already been set-up and are already running; with a few more rumoured to kick-start here in a number of years. Some of the establishments already thriving includes the Lakowe golf-course, Novare Mall(Shoprite), La Campagne Tropicana Beach resort, and the famous Eleko beach.
Other projects underway or rumored to kick-start in a short period of time will include the Dangote Refinery, the Lekki free trade zone, the Dangote Petrochemical plant, the 4th Mainland bridge and the Lekki-Epe International airport.
These projects when completed will surely influence the pricing of land and housing in these areas, promising huge returns to the earlier investors and there is no better time to start investing in these properties than now.
Victoria crest real estate company, a licensed real-estate vendor in Lekki, Lagos remains one of the most trusted real estate agents in the industry, offering property for rent and houses for sale in Ikoyi and in other parts of Lagos in areas including Lekki, Ajah, Ibeju-Lekki, Epe and in formerly existing and the new developmental areas of Lagos state.