10 Compelling Reasons Why You Need To Buy Land In Lekki Today
Nigerians property investors have asked the question: “Why should I seriously consider real estate investment in Ibeju Lekki?”
At the end of this article, you are going to discover why you should buy land in Lekki.
10 compelling reasons why you need to buy land in Lekki.
If at one time or the other, you have not received one broadcast message advertising land or seen one status showcasing the benefit of owning land in Lekki and other parts of Nigeria, it is very possible you have been offline (because those guys are everywhere).
The land boom in Lekki has made affiliate marketers of everyone and buying land in Lekki Lagos, is being peddled as the next gold mine in real estate.
If you were aware of the time when land in Lekki phase one in Lagos was being sold at a very cheap rate, and comparing the earlier prices to how much you can buy land there today, you will agree that purchasing your own plot in the newly opened Lekki region is quite a good idea.
See below for the ten absolutely good reasons to buy land in Lekki.
1. LAND VALUE IN THE LEKKI REGION INCREASES EXPONENTIALLY:
This is not even news anymore. A year from ago, some lands that were bought for the price of nine hundred thousand naira (
N900,000), now go for nothing less than two million naira ( N2,000,000). This is because more exposure is coming to the area, with big companies buying off more land to develop and resell at higher rates to people in the future. The appreciation rate of land value in the Lekki region is one of the highest in the whole of Lagos. So if you buy land in Lekki now, you will definitely be able to sell it for at least double the price this time next year.
2. PROXIMITY TO LUXURY LOCATIONS AND RESORTS. THERE IS NO SHORTAGE OF RESORTS AND BEACHES IN THE LEKKI AREA OF LAGOS.
Image Source – ToLet Ng
Buying land in Lekki, for the current prices for which they are sold, will give you the opportunity to be located near tourist attractions. This will make it easier for you to unwind at will without traveling an unduly long distance. You have the likes of La Campagne Tropicana Beach Resort, Eleko beach and other amazing luxury places within a short distance of your property.
Fun lovers, this is your reason. Go for it!
3. FREEDOM FROM OMO-ONILE AND GOVERNMENT ACQUISITION.
Most of the land sold in Lekki currently, are free from the issues and discomforts of local thugs who harass land buyers. This is because many of these places are not yet overpopulated with natives and effort is being made by the Lagos state government to make land acquisition in this area as comfortable as possible. Also, most of the land sold there come with a Certificate of occupancy.
4. CLOSENESS TO PROPOSED 4TH MAINLAND BRIDGE:
Source: NLE works
Accessibility to other areas is a major requirement before purchasing any property. The government has given future landowners a reason to buy land in the area as they have begun the construction of the 4th Mainland bridge. This bridge will link the Lekki region to other parts of Lagos like Ikorodu and Berger.
Now, the moment this happens, the land value will skyrocket, leaving late buyers with exorbitant prices if they still wish to purchase. It is better to buy now and come back in five or ten years from now to enjoy the benefit.
5. NEARNESS TO THE LEKKI-EPE AIRPORT INTERNATION:
It is a no-brainer that buying land close to a facility like an airport will automatically attract higher property rates in the future. Securing a plot in Lekki for yourself will help you position to collect higher rent, or be able to sell at an unbelievably profitable rate in the future.
6. SECURITY REASONS:
With the land boom currently going on in the Lekki region, more individuals and bodies are banding together to provide security for each other. Buying land in the Lekki axis of Lagos, by virtue of positioning, makes it easier for individuals to collectively provide security for one another especially in estates.
7. THE LEKKI/EPE EXPORT FREE TRADE ZONE:
Image source: SilverBird
A very solid reason to buy land in Lekki is the construction of the Export Processing Zone (EPZ) and the Free Trade Zone (FTZ). In this area, it is almost certain that development of the region will be fast as the government will make extra effort to provide good roads for accessibility.
This will, in turn, will become beneficial to residents and landowners in the region. Residents will also be able to take advantage of the trade zone for business and employment purposes.
8. INSTALLMENT PAYMENT AVAILABLE:
Unlike in other areas of Lagos where you have to pay in full before assuming ownership of your property, many locations and properties in Lekki offer the option of installment payment. Land payment can be spread as far as five or even years, making the burden of owning the property easier to bear. Some companies even take as low as 20 thousand naira monthly to make up for the payment of land, giving young individuals the opportunity to own land even despite their small salaries and earnings.
9. CLOSENESS TO THE ELITE IN LAGOS:
Ok this is quite debatable, but it is common knowledge that island people are the fun ones in Lagos.
With more celebrities and notable public personalities buying land and properties in Lekki, it is a good idea to buy one there too.
Who knows, perhaps one day the opportunity to make friends or be neighbors with a superstar like Timaya.
10. IT WILL SOON BE ALL GONE:
More and more people are buying land in lekki today and the bad news is, as the days go by, the land is becoming less available at an affordable rate.
Like we earlier discussed in this article, the land value can appreciate, doubling its initial amount within a year. Now imagine if you make the move today, instead of waiting till you regret it.
Land value, unlike most others, does not depreciate over time. It can only go up and higher.
Buying land in Lekki is a very good idea because even if not immediately, the returns in the future will definitely make for a good profit.
Many people who have the title of Landlord/landlady don’t have a special power. All they did was buy land. So join the ranks, buy land in Lekki today.
There you have our top ten reasons why you must buy land in Lekki.
Where and How to Buy Land in Lekki? To see some of the remaining affordable land you can buy in Lekki, click here.