Why purchasing real estate in 2023 is the best course of action
Real estate investment is the safest way to diversify your portfolio, add income and maximize returns. Nigeria has a booming economy and a future that will be bright if you invest in real estate now.
In the beginning, it is crucial to underline the significance of landed properties. You may be sure that 80% of a family conflict in the village is due to ownership of a particular property if it is producing that much animosity. That is how significant having land is. While the costs of products and services may increase or decrease, stock prices may increase or decrease, and our technological devices may become antiquated and lose value, the prices of landed properties will only increase over time. Why then is there such a fuss about landed properties?
Land may be used to build generational wealth, and you don’t have to toil away in the hot sun every day to see the return on your investment. That’s the power a landed property gives you: the ability to go to sleep while your money works for you.
Consider this as an illustration. There was not always a region on the island known as Lekki. A slum, it was called Maroko. Now that Maroko had promise, many individuals chose to invest elsewhere in Lagos since they only saw the slum and not its potential. However, a select group of forward-thinking individuals believed in Maroko’s potential and future and made investments in it. That was just the start, as the government also recognized great promise in the region and made significant investments in Maroko. In Maroko, several projects of all sizes were being started, including roads, schools, businesses, office buildings for government employees, and even residential neighbourhoods.
The region saw such significant alteration within a decade that it was no longer called Maroko but Lekki. Currently, a Lekki plot of land costs between 60 and 80 million Naira and more. Remember that the investors in Maroko back then likely put down a few hundred thousand dollars, but who would have guessed that they would suddenly be receiving payouts in the millions?
Undeveloped places have frequently offered such chances, and savvy investors are taking advantage of them to start building riches that will last generations. Want to join these smart investors? Let’s direct your attention in the proper way. There is enormous potential for growth in the Lekki-Epe area from the Epe axis down. Because of its potential, Epe is aptly referred to as “The new Lagos.”
Anywhere in these areas will be a wise choice for investment. Here are some current properties on this axis that a savvy investor may focus on: The Lagoon Front estate is selling for Twelve million naira and Fairmont Green and Smart Gardens is selling for Eleven Million naira.
You don’t need to have all the money in the world to become a real estate billionaire; in fact, 80% of today’s millionaires got there through investing in real estate. With a few hundred thousand dollars and a flexible payment schedule, it is now possible to start constructing your own real estate portfolio. Start somewhere and invest in the landed property first.
