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Landed property business is currently booming in Lagos and most other parts of the country and will continue to boom for a very long time. It is the easiest and my choicest aspect of real estate business. Buying lands in Lagos is not as difficult as you think. A land you purchase this year is likely to double in price next year and so on…

Raw Land vs Developed Property
Investing in raw land is less costly than buying developed real estate in the same area simply because there are no improvements on raw land. However, banks are a bit more cautious about fronting money for raw land that is not being used for any income-producing purpose and will usually ask for a higher down payment -- sometimes up to 50 percent of the land purchase. On the other hand, mortgage loans typically require a 20 percent down payment or less. Land loans also have shorter maturities -- 10 to 15 years versus 30 years for mortgage loans. You can also expect to pay higher interest rates for raw land than you would for mortgages.

I assure you, you will Love it

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