Vacant land can also be an excellent speculative investment with significant appreciation potential. Land in emerging areas (in the pathway of infrastructure and population growth) have a very high potential to go from undesirable to desirable and this offers extremely high returns in the long term for investors willing to wait. This makes it a strong option for families looking to use land investments as part of their retirement or educations investment plan.
Fundamental shifts, like the development of the Free Trade Zone, The Lekki Sea Port, the Lekki Airport and various industrial, residential and mixed-use developments can open up the potential of a location and many connecting sub locations.
The returns seen across board in numerous residential estates across Lagos (from Ajah to Epe, Lekki schemes 1 & 2, gated estates like Twin Lakes, Banana Island, Parkview, Osborne, Scheme 1 & 2 and other far flung areas) bear anecdotal and research based evidence to the desirability and potential of land investment as possibly the proverbial golden egg. We believe it’s a real golden opportunity if well chosen and the process of acquisition managed effectively.
INVESTING in undeveloped parcels of land is a great starting point to creating wealth in real estate. If you have money to invest, find the right land that meets your requirements, and investment budget, and seek professional support to ensure the due diligence and long-term potential checks out.
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