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SEVEN REASONS WHY LAND/PROPERTY IS THE BEST INVESTMENT - Properties - Nairaland

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SEVEN REASONS WHY LAND/PROPERTY IS THE BEST INVESTMENT by proeast(m): 11:40am On May 13, 2016
1. NEVER DEPRECIATES IN VALUE; Land is about the only asset that never depreciates in value or worth over time, unlike shares that is volatile, stocks that could be at the risk of liquidation, savings that is devalued by inflation or vehicles that are degraded or worn out with use etc. Land rather keeps appreciating in value.

2. LIMITED IN SUPPLY; While population keeps growing geometrically, Land has remained static since creation or "the big bang" (depending on your belief). This means that the demand for Land will continue growing astronomically till Armageddon, apocalypse or an Asteroid from outer space destroys the Earth.

3. RURAL-URBAN MIGRATION; At the rate Nigerians are migrating from the rural areas to the towns and cities en mass for greener pastures, signifies that demand for Land/housing will always outstrip supply and relying on my basic Economics, this means that price for Land or rent will continue to skyrocket.

4. STORE OF VALUE; Except there is an Earthquake of a 7.5 magnitude on the Richter scale occurring directly on your Land (of course Nigeria is not prone to Earthquake). Your Land will always remain there for you or even outlive you as a legacy to your children (that's if you decide not to sale it). Land is the best store of value, better than banks, stocks, treasury bills, vehicles etc.

5. PEACE OF MIND; Nothing gives confidence and peace of mind more than knowing you have a piece of Land/house somewhere either for personal or commercial use.

6. STEADY STREAM OF INCOME; There are Landlords in Nigeria collecting hundreds of thousands, millions and billions annually from their property. Such people can never go broke, even in retirement or old age, they have something to fall back on, also the children are mostly proud of such parents.

7. PURPOSE OF COLLATERAL; Lands/properties especially when they have C of O and other relevant documents are always acceptable to banks and other lending agencies as a collateral or as sureties by the law-courts

www.galaxyproperties.

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