Value is a significant yardstick in measuring the advantage of anything in life, be it a stock investment, a new business idea or a real estate investment. We will be focusing more on how it is effective to Real estate investment over a period of time, in the preceding paragraphs.
The Image above is a representation of Time Square one of the world most popular city and tourist center with over 50million visitor annually, but this tale of its significance was not in the book of history 123 years ago. In 1900 there are many people who could not see the potential of the city and did not listen to real estate agents asking them to invest by owning property plot in Time square.
The value of real estate in the 1900’s was $8 PPSf which is currently valued at $1142 PPSF in 2023, this is a 1000% Return on Investment for all those who saw it as an opportunity to invest in the city at that time.
Like the popular saying “you don’t wait to buy real estate, you buy real estate and wait” this is a typical example of what it means, real estate investment is a profitable investment that can stand the taste of time, be it inflation or any other economic factor your real estate investment will never stop increasing in value.
In Nigeria today, there are many promising emerging locations that can guarantee you same ROI value like the Time Square Manhattan. If you talk about city like Ikoyi, Lekki Phase One and other established areas of Lagos State, we can no longer classify them as emerging city anymore this city has entered into their climax when it comes to ripping huge ROI value from your property investment. Where then can you now make a resounding 1000% ROI on your property investment?
There are two major emerging locations in Lagos State today, but we will focus on one and that is EPE, I know you will be wondering why EPE, EPE is surrounded by major developmental project that is still in their offshoot stage and EPE still have large amount of open space which can serve as both residential and commercial plots, these project are rapidly putting EPE in Lagos fastest developing region and will bring about the influx of people to that region.
Today a plot of Land in EPE is currently selling at N700,000 which makes it is very affordable for anyone to own a piece of land in that region.