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Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery - Properties - Nairaland

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Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 5:16pm On Aug 15, 2017
The value of land in the Lekki Ibeju axis of Lagos has soared sharply in the last six months of this year, as speculators bet that the scheduled coming of Dangote Refinery and other major projects in that zone will lead to a sharp rise in demand for accommodation.
Most impacted are the Ikate – Agungi – Abraham Adesanya – Sangotedo axis, which border the upcoming Lekki Free Trade Zone (LFTZ) and the much expected Dangote refinery.

Speculators are pushing up land prices in this axis with eyes on the LFTZ and the Dangote refinery project, among other anchor schemes nearing completion. These areas are seen to have growth potential, arising from growing demand for land for housing, industries, schools and other business activities.

Concerns are however mounting that the value of land in this axis might go the way of the once prime Apapa, which being close to the port and having only one major access route, ended up a nightmare, on account of mind-boggling taffic jams caused by great numbers of heavy duty trucks cramming the roads. Apapa, Nigeria’s premier port city is gradually degenerating into a wasteland because of its poor infrastructure.

Though the value of land in other parts of Lagos dropped, with Victoria Island slumping from N430,000/$2.18 per square metre in 2016 to N312, 000/$0.86 per square metre in June 2017, representing a 27 percent drop, places like Lekki Phase 1, Agungi also in Lekki, and Abraham Adesanya area, appreciated 12 percent, 12 percent and 13 percent respectively.
Prices of land in Lekki Phase 1, Agungi and Abraham Adesanya rose from N125,000/$620, N75, 000/$380 and N30,000/$150 respectively in 2016 to N140,000/$1,200, N84,000/$230 and N34,000/$90 respectively, in June 2017.
Demand for and investment in real estate, particularly land, usually follow major developments like the LFTZ, which is an emerging business hub in the Lekki axis of Lagos. The 650,000-barrel per day Dangote Refinery, expected to come on stream in the first quarter of 2019 is also a major development.

The Dangote refinery is the largest industrial undertaking in Nigeria. It includes the refinery, which is meant to refine 650,000 barrels of oil per day and is, by all projection, the largest in the world. There is also the petro-chemical and fertiliser plant, which are also projected to be the largest in the world.
“I think it is an incredible industrial undertaking in the country and most ambitious in Africa today. It is really inspiring,” said Yemi Osinbajo, Nigeria’s Acting President, during a tour of the free trade zone.
Apart from Dangote refinery, other investments have been made in the free zone and as at the first quarter of this year, Akinwunmi Ambode, Lagos State governor, estimated that $6 billion had been committed in the LFTZ, which sits on about 16,000 hectares of land.
“You can just visualise what that means to the economy of Lagos. Direct jobs to be created here are 135,000 people and indirect jobs 100,000 people”, the governor said, disclosing that about $62 million will be invested in the free trade zone by a partnership between his state and its Chinese partners.

All these workers will need accommodation one way or another, meaning that the current rise in the value of land in this axis is just a tip of the iceberg, in terms of opportunities that await those who are smart and savvy enough to invest now. Analysts say the value of land may rise over 100 percent in the next two years, when the refinery becomes operational.
Aliko Dangote, the president of the Dangote Group, hopes that by the time his company finishes these investments, especially the gas pipeline, Lagos can run without any interruption of electricity supply. “It will be as good as living in London, where you don’t see power outage”, the business mogul assured, adding, “that is because we can supply power from here to anywhere; that means tripling the Gross Domestic Product of Lagos State and creating a lot of economic activities.”
It is against this backdrop that speculators have swooped on this part of Lagos and are pushing value up with all the resources they can muster. Again, the centrality of land to the development of real estate remains immovable and according to Tayo Odunsi, CEO, Northcourt Real Estate, it was unchallenged in the first half of this year.
Daramola Akindolire, Executive Director, Real Estate at AMFacilities, agrees, stressing that land is so central to real estate that it is today, the most sought after by investors, especially Diaspora Nigerians.
According to him, “land is at the core of real estate investment”, disclosing that their site and serviced scheme in the Lekki area of Lagos is almost sold out, while they could not sell many units in the estate project they started some years ago.


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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 6:06pm On Aug 30, 2017
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 10:50am On Sep 13, 2017
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:36pm On Sep 26, 2017
A well chosen property is certain to deliver greater return in the future not only in the form of capital growth but also in the form of rental returns. In order to maximise investment return, investors must position correctly especially in this hard times. Buying real estate is more than just finding a place to call home. It's about investing in the right property that produces a decent return over time.
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:12am On Oct 04, 2017
Land business is sure and full of potentials. The profit is continuous as there's no depreciation whatsoever. Apart from the fact that you benefit from it, your generations to come also partake of the profit sharing. Isn't this wonderful?

We don't just tell you to invest but show you the right property to invest in where huge Return On Investment is the order of the day. Partner with us today and let the appreciation begin.

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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 2:21pm On Oct 14, 2017
A well chosen property is certain to deliver greater return in the future not only in the form of capital growth but also in the form of rental returns. In order to maximise investment return, investors must position correctly especially in this hard times. Buying real estate is more than just finding a place to call home. It's about investing in the right property that produces a decent return over time.
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 5:27pm On Oct 24, 2017
We don't just tell you to invest but show you the right property to invest in where huge Return On Investment is the order of the day. Partner with us today and let the appreciation begin.

For more information and enquiries please call\whatsapp David on 08068677558
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:53pm On Oct 30, 2017
In order to maximise investment return, investors must position correctly especially in this hard times. Buying real estate is more than just finding a place to call home. It's about investing in the right property that produces a decent return over time.
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 10:10am On Nov 06, 2017
Invest wisely, Invest Now
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 9:46pm On Nov 10, 2017
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 7:16pm On Nov 17, 2017
Your best investment opportunity won’t fit into a safety deposit box in some bank, rather commit it to buying into real estate with these 'Risk Free' Property
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 6:06pm On Nov 24, 2017
Your best investment opportunity won’t fit into a safety deposit box in some bank, rather commit it to buying into real estate with these 'Risk Free' Property
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:57pm On Dec 01, 2017
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 8:18am On Dec 09, 2017
don't miss out on good investments.

Call/whatsapp David on 08068677558 Today for site inspection and enquiries
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 7:11pm On Dec 10, 2017
This city is going to be the fastest growing centre in Nigeria and it is predicted to Increase its population by ten(10x) in the next few years, Looking at how fast this city is growing, Ibeju-Lekki is the best place for anyone who want to invest in property that will bring the highest return on investment.


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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 5:21pm On Dec 18, 2017
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:38am On Dec 27, 2017
Land business is sure and full of potentials. The profit is continuous as there's no depreciation whatsoever. Apart from the fact that you benefit from it, your generations to come also partake of the profit sharing. Isn't this wonderful?

We don't just tell you to invest but show you the right property to invest in where huge Return On Investment is the order of the day. Partner with us today and let the appreciation begin.

For more information and enquiries please call\whatsapp David on 08068677558
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 3:35pm On Dec 28, 2017
A well chosen property is certain to deliver greater return in the future not only in the form of capital growth but also in the form of rental returns. In order to maximise investment return, investors must position correctly especially in this hard times. Buying real estate is more than just finding a place to call home. It's about investing in the right property that produces a decent return over time.
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 10:21am On Dec 30, 2017
We don't just tell you to invest but show you the right property to invest in where huge Return On Investment is the order of the day. Partner with us today and let the appreciation begin.

For more information and enquiries please call\whatsapp David on 08068677558
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 10:23am On Dec 30, 2017
We don't just tell you to invest but show you the right property to invest in where huge Return On Investment is the order of the day. Partner with us today and let the appreciation begin.

For more information and enquiries please call\whatsapp David on 08068677558
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 1:10pm On Jan 02, 2018
Your best investment opportunity won’t fit into a safety deposit box in some bank, rather commit it to buying into real estate with these 'Risk Free' Property
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:22am On Jan 04, 2018
Your best investment opportunity won’t fit into a safety deposit box in some bank, rather commit it to buying into real estate with these 'Risk Free' Property
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 11:59am On Jan 06, 2018
For best property deals as low as N120k/month in lagos please Contact/WhatsApp: David on 08068677558 or 08158770323
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 4:11pm On Jan 09, 2018
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 4:05pm On Jan 13, 2018
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 8:43pm On Jan 16, 2018
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Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 8:04pm On Jan 18, 2018
The value of these properties increases daily and in the very near future it would be the preferred home of many.
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 3:13pm On Jan 20, 2018
The value of these properties increases daily and in the very near future it would be the preferred home of many.
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 12:29pm On Feb 15, 2018
Buy now and enjoy the benefits later
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 3:20am On Feb 17, 2018
Land appreciates it never depreciate..This means you get Multiples of what you have invested in return...Hurry now and invest call David on +2348068677558 For your free inspection
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 5:26pm On Feb 20, 2018
Buy now and enjoy the benefits later
Re: Land Prices Soar Around Lekki As Speculators Bet On LFTZ, Dangote Refinery by threadstohn: 4:46pm On Feb 22, 2018
don't miss out on good investments.

Call/whatsapp David on 08068677558 Today for site inspection and enquiries

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