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Property

This Is The Best Time To Start Real Estate Investment In Epe Lagos

By Adeyeye Ifeoluwa

I grew up in Epe, Lagos where I bought my first plot of land at N250,000. I wish I had bought more. That Same land is worth N2,000,000 now.

Dear Friend and Investor,

I want you to give me just a few minutes of your time and tell you why this is the time to invest in Epe, Lagos.

I spent my entire life in Epe and then it wasn’t as developed as this. 

The roads are bad and there is no constant electricity at all. But now things have changed and thanks to former Lagos State Governor, Akinwunmi Ambode.

Where is Epe, Lagos?

Epe is a town and Local Government Area in Lagos State, Nigeria located on the north side of the Lekki Lagoon and about 90 km from Ibadan.

Why Real Estate Investment in Epe, Lagos?

One of the reasons why Epe is developing is because of the launched 1000-hectare modern satellite city in Epe-Ibeju Lekki axis projected to create over 200,000 jobs and housing schemes for all the major projects coming on board within the Lekki Free Trade Zone.

The Lagos state government came with a big project and idea which was named the Alaro Satellite City. 

The Alaro Satellite City was conceived to provide housing schemes to a broad spectrum of income earners, industrial workspaces, warehouses, hospitality, and commercial office facilities amongst others making every part of the State economically viable and liveable.

Another reason is the major projects in the works in the Lekki-Epe corridor such as the Free Trade Zone, the largest Deep-Sea Port in Africa, and International Airport, among others, a new city to provide housing schemes and other facilities for workers, investors, and the people generally was desirous, hence the need for Alaro city initiative.

Alaro City site is adjacent to the approved location for the proposed Lekki International Airport and close to the deep-sea port and several planned industrial developments. The project is underway with a bulk infrastructure rollout already.

Nigeria is one of the most rapidly growing countries in the world, with an 80% population increase which is expected by 2025. Lagos, the country’s commercial capital and nerve center, is predicted to be the world’s fourth most populous city by 2050. 

The Lekki region is one of the most dynamic growth regions in Lagos State, with the potential to accommodate a population of around 3.4mn. 

The government’s development plans include office, residential, medical, and industrial real estate.

Also, the Lagos State Government would construct a road to link Sagamu-Benin Expressway from Lekki Deep Sea Port and a 50-hectare truck park.

The 7th Axial Road from the Lekki Deep Sea Port, en route the Lekki Free Zone to the Sagamu-Benin Expressway.

So many happenings within this axis will help the development in Epe, Lagos. Come take a look and you get hooked to the massive development in Epe, Lagos.

How Much is a Plot of Land in Epe, Lagos?

Depending on your budget to buy land, you can get a plot of land from N450,000 upward.

But it is best to raise your price because of documents and title registration for the plot to be yours.

You can either buy from land grabbers (Omo-Onile) but there’s a trick in buying from them or you buy from a reputable real estate company.

Conclusion

Epe, Lagos happens to be one of the cheapest places to buy land in Lagos. I know Ibeju Lekki, Lagos has been scripted to a lot of people’s minds about the industrialized development which is about to happen there, but Epe, Lagos, isn’t a bad place to also consider because it will take time for Ibeju lekki to develop.

Adeyeye Ifeoluwa is the owner of LandSprout.Com. He specializes in real estate marketing and real estate content development. His blog is about helping you to know more about real estate investment and real estate tips.

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Lagos Post Online

Publisher, Lagos Post Online, Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice. Mobile: +238025837037 Email: lagospostng@gmail.com

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