Real Estate is considered to be one of the most profitable and growing businesses. In Nigeria, Real Estate is seen as a serious business. As a matter of fact, one of the longest-standing industry in Nigeria is the Real Estate Industry. The industry has become goldmine over the years, and many smart entrepreneurs have tapped into it and are making tons of profit today.
Nigerians are always in need of land to build residential apartments, office, and commercial outlets. They look to either buy or rent buildings and structures of their choice. This explains why the real estate industry abounds with business opportunities and has been ranked as the 5th largest contributor to the GDP of Africa’s largest economy.
Is Real Estate profitable in Nigeria?
Real Estate is a very profitable business in Nigeria as it is a very versatile one. The investment opportunities that are available in Real Estate are numerous and this is what it very profitable. There are so many ways to make money in Real Estate so it depends on the area you want to focus on. Today we would be focusing majorly on land.
How to make money as an individual through buying and selling of land?
Land in Layman’s language is an area of ground or earth especially one that is used for a particular purpose such as farming or building; land is considered as a fixed asset.
Investing in land is one of the most powerful strategies to make money faster depending on the location. Over the past few years, demand for land as an investment has experienced an uptick. From 2019 to 2022, there has been an increased of 155% in rural land sales. This growth is due to the stability that comes with purchasing a piece of land.
There are many benefits of land investment, especially avoiding many of the complications that can come with other forms of investment but it is very important to buy from a VERIFIED COMPANY after doing proper due diligent on the documents and title from APPROPRIATE AUTORITY(ALAUSA-LAGOS STATE).
There are two ways you can make money through buying and selling of land in Lagos Nigeria, they are:
- Buy the bush and sell when it’s city: If you had to choose between buying a bush or buying a city, which would you go for? Definitely the city because it look more attractive and who will want to live in the BUSH? Now here is the thing, that bush you are looking at, one day the trees are going to be cut down, it’s going to be developed and a city will be built on it. The mistake most people make is that they look at the present appearance of the land seeing that it’s a bush and undeveloped they won’t buy it. The Banana Island, Lekki, Ikoyi, Victoria Island you see today ; they were once bush but what do we have today? They are now city and now expensive. The best thing to do is not to be like most people. The Bush/undeveloped land you see today is going to become a city. Look at how Epe and Ibeju-Lekki is taking shape now. The best time to buy land was yesterday , the second best time is today! Find out how to act on today’s opportunities and avoid tomorrow’s regrets. ”Buy on the infringe and wait, buy land near a growing city! Buy Real Estate when people want to sell. Hold what you buy”. Look for Bush/undeveloped land VERIFIED AND GENUINE land , get it early while they are cheap, own a piece of that bush and wait for it to turn to a city. At that point you can sell for huge margin. So the secret to selling of Real Estate is to buy Bush now!
- Buy Pre-launch Estate offers: Estate on pre-launch offers are sales that are still on pipeline that is the estate company have not actually brought it out to the public officially through launching. Real Estate company do pre-launch offers sometimes because they are working on the estate and once they’ve done the work to some certain stage of development that is when the estate is now looking attractive they would officially launch the estate and increase the price as well. Pre-launch offers are more cheaper when there is no or little development in the estate. Pre-launch offers have put in millions of naira into pocket of a lot of smart investor. Know that pre-launch sales are property that are yet to be fully launched. This is the first stage of Real Estate investment opportunity, firstly it goes through PRE-LAUNCH offer, then through LAUNCHING and thirdly POST-LAUNCHING, this is the stage when notable development has been done and the price keep increasing from this stage until it’s finally SOLD OUT.
PRE-LAUNCH OFFERS ARE ONE OF THE EASIEST WAY TO INVEST INTO REAL ESTATE AND MAKE MILLIONS!
NOTE: Real Estate is a reliable source of income and it does not require special skills or qualification. We can provide you with competent and trusted agents that would help you through the process of getting into Real Estate. You can reach us as we would guide you on how to get maximum returns on your Real Estate investment.