Buying land as an investment in Nigeria makes sense when we consider that it’s a scarce commodity and always appreciating. According to Mark Twain, Buy land, they're not making it anymore.
If you are thinking long term investment, either to build your own house or sell when it appreciate, don’t make the mistake of buying directly from the land owners, the so called omo oniles. The chances is high you may lose your investment or you will pay more than you budget for the land.
For instance, clearing the land from overgrowth and continue settling the greedy omo oniles so they don’t resell the land.
Apart from that, there will always be issues to resolve to discourage new prospects from hijacking your investment and the tedious process to ascertain if the land is genuine or not.
The best investment strategy to avoid these problems is to purchase from a credible real estate company that has proven records of satisfying clients. They will help you to manage it for the future and may help you to sell it at the right time for a good profit.
It will save you professional cost, time, paying more and unnecessary stress cause by omo oniles and processing the necessary documents.
Nigeria is definitely one of the few countries that allow foreign real estate investors to buy land and property in their own names on a 100% freehold basis.
The real estate business and property purchase process for foreign investors is absolutely straightforward compared to some other countries.
Currently in Africa, Nigeria is said to have a large economy and is currently experiencing more and stronger economic growth with stable increases yearly, which makes business sense to buying land as an investment.
The growing tourism industry prompts continual rise in capital gains and high rental yields across the country. National housing deficit maintains a strong domestic real estate market.
Options for buying land as an investment in Nigeria are straightforward and primarily related to the location. Under civil code any investor may purchase urban land and commercial or residential property on urban land without restriction.
However to purchase rural land and property on rural land, foreigners real estate investors must be a permanent residence or already have established ownership of an urban land.
So if buying in a quiet border regional area is part of the dream then additional cost and requirements will need to be considered.Urban land and property options, cash in with no restrictions.
Purchasing urban land and residential property - Whether you are looking to purchase urban land or property for personal residence or straight investment gains, the prerequisites and process for local and foreign buyers is the same and can be initiated as soon as you want.
Buying land as an investment has surpassed any other choice of investments in the last 20 years. Recent studies have showed that rural land market survey in Nigeria has seen a 130% increase in value over 20 years and a 30 percent increase last year alone.
On an average a land for sale brings an annual return of 8% - 12%. One of the main reasons for this is because the high demand of land. That is, land has become a sought after commodity.
This trend is seeing tremendous returns on land investment, and if an investor receives a building permit previously undeveloped land purchases, the rewards are breathtaking.
Buying land as an investment is often a much more comfortable option for the lower and middle classes because they grew up exposed to the talk of how it is way more important to own a home or probably because many people in that class do not sit at home and discuss stock exchange.
The fact is that they are more open to buying land than many other investments.When you invest in land you invest in something tangible. You can look at it, feel it, drive by with your friends, point out the window, and say, “I own that”.
For some people, that’s important psychologically and majorly because most housing and land values are as consistent and secure, it is a concrete assets to invest in, this can in future yield tremendous returns.
Whether it is just a neighborhood house for building your next home or just a land you want to see appreciate, investing in land is one of the best real estate investment opportunities and can bring years of enjoyment and be a valuable addition to your investment.
If you are interested in buying land for investment, build residential apartment or acquire proven real estate strategy to make it big in the lucrative real industry trading in property, Sign up on this link to join our network and begin the journey. Then, call/text 2348033205456 for Details. Click here to send us mail.
This business platform offers you a life time opportunity to earn attractive commission plus residual income on daily or monthly basis. You can earn up to N300,000 or even more based on your commitment and passion. Testimonials abound here.
You can become a land owner by investing in Roseberry estate, Ado-Odo Ota at N22,500 monthly, Prime Estate Abuja at N34,000 monthly, Prime Asset Housing Cooperative Estate, Epe at N22,500 monthly, Prime Estate, Agbara and Mowe Ofada (secondary market), and land for sale in Lekki at N125,000 per month.
For more information on the land for investment, call/text (08033205456) or Click here to send us a mail.