investment-nigerians-development-invest-ajah-real-estate-land-house-property-in-lagos-nigeria-zero616-blog-by-eze-erondu-best-content-writer-in-lagos-nigeria

Land Banking: How to Invest Here in Nigeria and Get High ROI

Last week, we had several discussions with our consultants and some Nigerian clients who are based outside the country on how they can benefit from Real Estate Investment here in Nigeria using a strategy known as the Land Banking Vehicle.

In today’s post, we are giving out detailed tips for the benefit of Nigerians who live in the Diaspora and those who are planning to travel out of the country.

How Nigerians living Abroad can benefit?

Several Nigerians who live abroad are looking out for several investment opportunities to invest their money. No other investment opportunity in Nigeria offers a better return than the real estate sector because Land never depreciates.

The most horrible thing that can happen to Land is for the price to remain constant but it would be only for a while. We usually notice fast appreciation in price particularly when investment is focused at strategic places. A very good example is the FORTUNE BAY ESTATE.

fortune-bay-estate-ajah-lagos-nigeria-zero616-real-estate-development

Land Banking in Nigeria and why it works better for those abroad

First what is land banking?

Land banking is the act of buying undeveloped land with the goal of clutching it for a while and selling it for profit at a future date when the price appreciates.

How long Is It Great To Keep A Land In Nigeria Before I Can Sell?

There are distinctive land speculations you can do and make great benefit from including leasing. Anyway land banking is the main land speculation technique that requires zero time and exertion. You should simply settle on great purchasing choice and after that pause. Also, in a couple of years or more money out enormous.

Rather than saving your cash in the bank where you make like 3% in a year, why not just store your cash on landed properties where you can get between 50% to over 100% profit within a year.

Anybody can leverage land banking and earn substantial revenue on investment.

It’s a far better option for those based abroad on the grounds that since they don’t live in Nigeria, they are progressively patient to leave the land to significantly increase its cost before selling. Also, the years seems to fly by immediately when your attention is not on it.

Along these lines, somebody abroad can undoubtedly obtain sections of land of land here in Nigeria when the cash is changed over to Nigerian money which gives you a bit of leeway that stays abroad.

Land Banking System that works

For you to be effective with land banking, you need to apply a procedure to it and the methodology is straightforward. Just purchase your territory in a zone that has sign at a decent cost gratefulness inside a couple of years, where there will be future fast improvement, where things like extensions, street, air terminal, business framework, business exercises, business and so on are probably going to come up.

How would you know a land that has potential for exceptional yield on venture?

Take a look at the money related status of individuals who live in the region. You can without much of a stretch tell this by checking the present expense of lodging there. Be cautious here however, the higher the typical cost for basic items doesn’t constantly mean better appreciation.

Putting resources into certain zones may leave you in the red and give almost no profits. So you need to be careful.

The spot you ought to contribute now with extremely quickly developing expense of lodging is Ajah, Sangotedo, Abijo and Ibeju Lekki Pivot.

For instance, lease in certain areas with popular Landmarks like FORTUNE BAY, which is located close to Lagos Business School, the Novare shopping center (Shoprite) and Opposite Bowine International School costs about N4million per annum for a 3 Bedroom duplex and about N5million for a 4 Bedroom duplex. What’s more? Property in these regions cost about N40million for a 3 bedroom and N50million for a 4 bedroom. This data is from a survey taken in February, 2019.

Luckily for you there are still some undeveloped terrains behind Shoprite and inside a couple minutes drive from Shoprite. Engineers are lifting them up rapidly now and some are beginning to create. Despite the fact that some will think they are costly now they are simply beginning.

Spots to Consider for Land banking

Different spots to consider for land banking are places with incredible tourist spots. Also, at the present time that spot is Ajah. Ajah is generally the quickest developing zone in Nigeria.

As stated earlier, Ajah is the place you have the Lagos Business School, the Novare Shopping Center (Shoprite), Bowine International School and has easy route to Dangote Refinery, Corona school, Atican Beach, Baracuda Beach, Lekki Miami Beach, Lakowe Golf Course, the LaCampagne Tropicana and many others.

What’s more?

We suggest FORTUNE BAY ESTATE to you for land banking on the off chance that you pick areas within Ajah to contribute.

Let’s know your view and questions in the comment section below.

2 comments On Land Banking: How to Invest Here in Nigeria and Get High ROI

  • Avatar

    Hello I am so glad I found your website, I really found you by accident,
    while I was browsing on Digg for something
    else, Anyhow I am here now and would just like to say thank you for a remarkable post and a all round enjoyable blog
    (I also love the theme/design), I don’t have time to go through it
    all at the moment but I have bookmarked it and also added your RSS feeds,
    so when I have time I will be back to read a great deal more, Please do keep
    up the superb job.

Leave a reply:

Your email address will not be published.

Site Footer