It is true that all lands appreciate in value over time but truth remains that lands at different places and in different location appreciate at different rates due to economic growth and population growth, if you are thinking of acquiring assets that can fetch you a passive income for life to create the dream lifestyle you had always craved for, then here are solid reasons why a large part of your investment portfolio should comprise of properties in Lagos state.
1) Population : Every informed real estate investor know that one of the key things to look out for when investing in real estate is the population growth of the place, Nigeria population is estimated to be about 200 million, but Lagos has the highest population out of the whole 36 states, slightly above 1/10 of this 200 million people reside in Lagos state, that's Lagos is estimated to have a population of approximately 21 million people. It's also said that every day, 2000 people migrate into Lagos state seeking for greener pasture, it's expected that by 2050 Lagos population will double once more, Lagos is the second fastest growing city in Africa and one of the top 10 fastest growing cities in the world according to Brookings.edu. Lagos state has achieved the status of a megacity. Every tribe in Nigeria is represented in Lagos state, this has resulted to fast appreciation of properties for rents, lease and sell, have you ever wondered how you can position yourself to take care of this expected population explosion in Lagos and benefit from it?
2) Economy : Lagos state alone generates 25% of the total GDP of Nigeria , this is to say that, 1/4 of all Nigeria Gross domestic product generated in Nigeria is From Lagos State. About 80% of Nigeria imports are handled by Lagos ports. Lagos serves as a home to lots of companies cutting across tech, banking, real estate, industry etc.
If you desire to own properties whether residential or commercial that will appreciate real fast and generate consistent and predictable income for you, then i need not tell you twice to think Lagos.
Want to start your real estate investment journey today? Call me and let's talk about it. 08036024547