- October 4, 2019
- Posted by: admin
- Category: Investment, Real Estate
Investing in real estate is a profitable business in Lagos Nigeria.
The only investment that comes close in profitability and sometimes beats property investment in certain instances is stocks investment. So, there’s no doubt about it, investing in real estate pays big time. And unlike stocks, it’s a far more stable asset to invest in, especially if you use the services of a trustworthy real estate agency.
Real estate investment in Lagos Nigeria is far more profitable than elsewhere in the country because Lagos is a bustling commercial city. And it has emerged as one of the most profitable investment destinations in Nigeria.
In addition, there is little or no government regulation in terms of pricing and property values. Consequently, you stand a chance of making big money if you invest right in Lagos real estate.
Here are five reasons why you should give Lagos real estate investing serious thought:
Property values appreciates: –
Property prices in Lagos Nigeria is constantly rising. For example, a colleague bought a land in Lekki for 3 million naira. About three years later, the same land was worth about 6 million naira. Property owners and landlords are constantly increasing prices and rent. Therefore, any money you put in Lagos Nigeria real estate is money well invested.
There is a ready market: –
Property ownership is considered to be the ultimate achievement in African societies. You’re not considered to have attained something concrete unless you at least own a house. This is good news for you the property investor. It means you will always have ready buyers. Cool, right?
Money lose value over time: –
If you keep your money in a bank, inflation will eat away its value or very little will be added as interest. Ten years from today, that huge amount you have saved up in your bank account may be worth only half its current value.
However, if you embrace creative real estate investing mindset and invest massively in real estate, your investment will take care of you after retirement.
Lagos is the commercial nerve centre of Nigeria: –
Lagos state is one of the largest commercial centre in Nigeria, if not the largest. Businesses are everywhere and more are coming and people are needed to run the businesses and of course more people troops in. More businesses mean better standard of living. And the more the people, the more the property that will be purchased
Lagos Nigeria is constantly expanding in commercial capacity: –
In fact, Lagos recently attained the mega city status. This means that the property you’re buying today that appear to be in the suburb, may soon become a property in a commercial neighbourhood. That means more money for you because properties in that area will appreciate in value faster than you imagined.
Real estate investing is actually a two-edge sword:
- It helps you save your money.
- It grows your money.
Note: Do not jump into property investing with just anybody or any company. Rodger Young Limited is a reliable real estate company to ensure you get the best investment deal.