Over the last few years, the Nigerian real estate industry has continued to reach new heights. Lagos, being the commercial hub center of the country, has been on the frontline in the real estate world, not only in Nigeria but in Africa.
New estates are being developed, and the old ones are being renewed and sold off at high prices. Everyone wants to invest in buying properties that will appreciate in a matter of a few years. Ibeju-Lekki has become one of the top destinations for the real estate business in Nigeria.
The area is developing rapidly due to different estates that are being developed, and people are investing their money there because it appreciates and returns are often high.
Notwithstanding, before you buy any property in Ibeju-Lekki, there are certain things you need to consider. Some of which are:
-The rate of possible appreciation
So, I’ve done my research and come up with some of the top estates in Ibeju-Lekki. If you want to invest your money, these places are the best for you. Most of them are still developing. But, these are properties that appreciate fast. Also, they are still cheap and affordable.
Some Of The Top Estates In Ibeju-Lekki
-Itunu Residential Estate
Itunu Residential Estate is a newly launched estate, facing the Lekki-Epe Expressway, in the Ayetoro Axis of Ibeju-Lekki, Lagos.
Within just few months after the launching, the estate has witnessed massive investments and the price is appreciating very fast.
The estate was created mainly for residential purposes. There are lots of structures being built in the area now. A 300sqm land sells for N11.5M and a 500sqm land sells for N16M as of March 2022, which may be slightly higher right now. As a result, Itunu Residential Estate is a good place to buy property because prices are rapidly rising.
The Delight estate is located in the heart of Ibeju-Lekki, near Gracias Morganite. The estate is growing really fast and it has proven to be one of the best estates to invest in in Ibeju Lekki as the return on investment is high. However, we are not sure exactly how much a piece of land costs at the estate, so we advise you to do more research. It’s best you hurry now while it’s still developing if you want to maximise profits.
Gemstone Estate is a fast developing estate located on the route that leads to Victoria Island. The estates share a boundary with Amen Estates Phase 1, which is an already established estate.
The place is safe, secure and good to invest in. An average property sells for N7 million. As a result, it is inexpensive to invest in. In a few years, the price of an average property might have risen to three times that amount.
Another upcoming estate in Ibeju-Lekki is Wazobia Court. It has been fenced and gated. A 500 sqm plot of land costs N3.5 million.The cheapest on our list. You can’t afford to miss this as the price will soon go up.
-The Wealthy Place Estate
The wealthy Place Estate is an estate located near Dangote Refinery along the expressway. The estate is not for residential use as it is mainly for industrial purposes. It’s a nice place to build schools, churches, factories, offices, etc.
A 500-square-meter plot of land in the wealthy place estate costs N12.5 million. It’s also a cheap place to invest your money.
Ibeju-Lekki is known to house lots of big estates in Lagos, both developing and already developed estates. It’s unarguably one of the best places to buy properties in Lagos, as returns will definitely be very high for early investors.
The estates listed here are some of the top and fast developing estates in Ibeju-Lekki, Lagos. There are still many other estates that are best to invest in in Ibeju Lekki, but that’s how much we can cover for now.