Investing in Land in Epe as a Way to Achieve Wealth Creation
As the population of Lagos continues to grow, there is a need for more housing and commercial space to cater to the surging demand. Epe, a scenic town in Lagos, is gradually emerging as one of the most viable investment locations in the state. Investing in land in Epe has numerous advantages, including but not limited to building your dream home in a serene and affordable location, developing commercial properties for rent or sale, and, above all, creating wealth for yourself in the long run.
Data from Macrotrends shows that Lagos has one of the highest populations in Nigeria, with a growth rate of 3.54% in 2022. This means that Lagos is experiencing an unprecedented need for affordable housing and commercial properties. The most strategic locations, such as Lekki and Victoria Island, are already overpopulated and overpriced. However, Epe, as a relatively new hotspot, presents plenty of opportunities for investment.
According to a report by PropertyPro.ng, the average price of land in Epe is between ₦400,000 and ₦2,500,000, depending on the location, property size, and features. Thus, investors can purchase land in Epe with relatively low capital and a promise of high ROI in the future.
Furthermore,
Epe benefits from government policies aimed at developing the town and promoting tourism. The Lagos State Government’s ongoing Epe Marina Project, for example, will boost tourism and enhance the value of properties in the region. Also, Epe’s proximity to the Lekki Free Trade Zone – which is home to several multinational corporations – is another advantage for investors seeking to develop commercial property in the area.
Moreover, investing in land in Epe is a smart move as it promises stable appreciation over the years. As development moves from Victoria Island and Lekki towards Epe, land prices in Epe will soar. While the average house rent in Lekki and Victoria Island increased by 31.4% and 13.2% between 2016 and 2019, that of Epe increased by 32.7%. Thus, investing in land in Epe can potentially generate a steady stream of income and substantial capital appreciation.
In conclusion,
Investing in land in Epe is a viable investment option that promises massive returns in the future. Epe presents itself as a developing town, with increasing demand for affordable housing and commercial properties. The Lagos State Government’s intensive efforts in infrastructure development and the proximity of Epe to Lekki Free Trade Zone and other prime areas in Lagos further increase the value of properties in the town. Investors looking to generate wealth should give Epe serious consideration. Click Here
