Why Investors Are Rushing To Own Properties In Ibeju-Lekki And Epe

Wondering why investors are rushing to own properties in Ibeju-Lekki and Epe? Hang on while I spill the tea!

Real estate is an investment that’ll keep serving till the end of time and investing in real estate is never seen as a waste of time or loss of investment. There are many areas in Lagos prominent for their classy lands, real estate, and infrastructures.

However, recent development has shown that most investors are more interested in owning properties in Ibeju-Lekki and Epe areas. If like so many people out there, you’ve been wondering why investors are rushing to own properties in Ibeju Lekki and Epe, this post is for you!

Also, if you have been contemplating on whether or not real estate is worth the hype. There’s good news! Investing in real estate is worth every hype it gets. Want to invest in real estate but don’t know how? This post 5 Simple Ways to Invest in Real Estate will guide you.

Here’s why investors are rushing to own properties in Ibeju Lekki and Epe, and here’s why you should start investing in Ibeju-Lekki and Epe as well.

WHY INVESTORS ARE RUSHING TO OWN PROPERTIES IN IBEJU LEKKI & EPE

Ibeju Lekki, also referred to as the “new Lagos,” has been causing quite a stir in the real estate industry with lots of arguments about how amazing real estate investment in the area is. Here’s why investors are rushing to own properties in Ibeju-Lekki.

1. High return on investment

Investing in real estate is one of the safest investments to make. If you invest right, and do things correctly, real estate can bring about massive returns on investment (ROI). Also, contrary to other types of investments, real estate can continue to generate large profits for you in the long run. Studies have shown that Ibeju-Lekki has better investment potential than areas like Lekki because it has excellent prospective international projects that will greatly increase all investments in the area. Due to the existence of important economic indicators like the projected Lekki International Airport, Dangote Refinery, Lekki free trade, amongst many others, the return on investment in this area is very high.

2. One of the biggest job creation areas in Africa

Ibeju Lekki is considered one of the biggest employment creation areas in Africa expected to generate 300,000 direct jobs and 600,000 indirect jobs upon completion. Several projects are in progress in the Ibeju-Lekki area of Lagos State, one of which is the Dangote Refinery expected to create employment for about 235 000 people upon completion. The area is rapidly developing into the most popular industrial destination.

3. Low cost of lands and properties

The best time to purchase a land or any other real estate property in Ibeju-Lekki is now when selling costs are favorable and relatively low. According to research, the cost of land in Ibeju-Lekki has climbed by 500% in the previous five years. Right now, you can purchase a piece of land in Ibeju-Lekki for as little as 2 million naira depending on the size or how many plots, acres, or square meters you want to purchase. However, there is a likelihood that the cost of land will continue to rise over the coming years, therefore the earlier you buy, the cheaper the cost of the land or real estate property.

4. Rental Income

The real estate market in Ibeju-Lekki will be quite advantageous for renting out properties. As Lekki approaches its Apex, people have started to move from Lekki to Ajah and the Ibeju-Lekki and this has led to an increase in the cost of renting homes.

WHY INVESTORS ARE RUSHING TO OWN PROPERTIES IN EPE

Epe is a town and Local Government Area in Lagos State, Nigeria located on the north side of the Lekki Lagoon and about 90 km from Ibadan. Just like Ibeju Lekki, investors are rushing to own properties in Epe, Lagos and here’s why!

1. Affordable lands and homes

Since Epe is still a developing region of Lagos state, lands and homes are quite affordable. Research has shown that if you are willing to invest in Epe, there’s a probability of you getting a piece of land for less than a million naira. Also, according to research, Epe is one of the most affordable areas in Lagos State. However, lands and real estate properties in Epe are fast appreciating and in the next few years, getting a land or real estate property may not be as cheap as it is now.

2. Not as prone to flooding as Lekki

Due to the fact that Lekki is surrounded by water, it is very prone to flooding and this can be quite a challenge during rainy season. However, Epe is not as prone to flooding as Lekki. As a matter of fact, a considerable amount of the lands in Epe are extremely dry, making it a really fantastic area to purchase a land or real estate property. Buying a land or investing in real estate in Epe guarantees that your mind will be at rest during rainy or dry seasons. We however, can’t say the same about Lekki.

3. Fast Appreciation of Lands and Real estate properties

In Epe, lands and real estate properties appreciate really fast. You can purchase a land or real estate property at 2milion naira and in the next few months, that same land or real estate property appreciates to about 4 or 5 million. That’s a huge return on investment that you can’t really get from investing in any other options or business.

4. Low cost of building materials and building

When compared to other areas of Lagos, building materials in Epe are quite cheap. Also, the cost of labor and production in Epe is considerably lower than in other areas in Lagos. This is due to the fact that 95% of the land in Epe is entirely dry, whereas most of Lekki is covered by wetlands. Building on wetlands means having to spend a lot of money on layering the foundation. However, instead of spending loads of money attempting to fill a land in Lekki, the money could be used to build your proposed project in Epe.

5. Good road networks

Epe has one of the best road networks in Lagos. Simple, yet classy!

Conclusion….

These are a few, yet important reasons why investors are rushing to own properties in Ibeju-Lekki and Epe. By investing in a land or any real estate property in Epe or Ibeju-Lekki, you could be on your way to financial freedom!

Ibeju-Lekki and Epe, are one of the most ideal areas in Lagos to purchase land for any purpose, whether it be for residential, commercial, to resell in the future when the price increases, or for any other reason. Investors that take advantage of Epe’s current cheap pricing will see profits similar to those derived from Lekki in a few years from now!

We at Estate Informant implore you to purchase a piece of land or invest in real estate in Epe or Ibeju-Lekki as soon as you can. The time to take action is NOW. In the future, you would be tremendously grateful that you invested in Epe or Ibeju-Lekki!

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