IBEJU LEKKI – THE NEW LAGOS

In time past, statistical findings has shown in Lagos State “returns on Investment” in real estate is by far the most lucrative and substantial form of investment. Taking a little stroll down memory lane, you’ll find out the value of lands and properties at areas such as IKOYI, BANANA ISLAND, VICTORIA ISLAND, LEKKI PENNISULLA and so many areas on the Lagos Island were valued at a price that’s seems funny and hard to believe in other words “cheap”; but today the most expensive land in Africa is situated in Lagos State Nigeria, funny how it may sound but research proves the validity of this findings. These occurrences have probed a lot of individuals to have not just a foresight but also an insight about real estate investment in Lagos State.

“The individual with the most lands win”

Take for example the popular church “House on the Rock” beautified with amazing  mega structures is standing on a 10acre land that is over 60 plots of land; and was valued at 25 million 10years ago but today it is valued at 6 billion naira, not the structure but the land itself. Just in 10 years the value pushed high because of the judging factors around it.

Now here comes a new and profound local Government “Ibeju Lekki” which is embedded with by far the biggest refinery in Africa and even the world at large with other ground breaking projects situated over there, this projected industrial area is set to repeat the same pattern of property valuation that has occurred in time past and even more than the areas mentioned above. With every passing day value of properties are increasing by fourfold in less than 3 years. One must own a property for theirselves and also set out plans and objectives on how to get profit maximization in that area.

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