One of the key factors to consider while investing in real estate Is the location.
Why?
Because location translates into profitability of the investment
There are several areas in Lagos, Nigeria that is considered to be good locations for investing in real estate. Some of the most popular areas include:
Victoria Island: This upscale neighbourhood is known for its high-end properties and is a popular location for expatriates and high-income earners.
Lekki: This area has seen significant growth in recent years and is known for its upscale properties and gated communities.
Ikeja: The state capital, Ikeja, is home to the domestic wing of the Murtala Muhammed International Airport and the Ikeja City Mall, making it a prime location for investment.
Ajah: this location is a fast-growing area with a lot of developmental potential and a good number of completed projects and ongoing ones.
Ibeju-Lekki: This location is an area that is currently experiencing a lot of developmental activities such as the construction of the Lekki Deep Sea Port, Lekki Free Trade Zone, and the proposed 4th Mainland bridge.
It is also important to note that the kind of property you want will also determine the location. For instance, if a buyer is looking to purchase residential property, factors such as; status of the neighborhood, proximity to facilities and amenities, access to water, safety quotient of location, views from the property etc. should be checked before making an investment
Hope this article was helpful.
