Should You Buy a Land in Epe in 2022?

There have been a lot of speculations about the Lagos Real Estate Industry in the past 3 years; we witness market trends move from city centres on the Island down to the North of the Lagos lagoon. We have heard so many noises of people singing the praise of investing in the Emerging Epe Real Estate Market.

We hear about the rise in rental value in Epe, Lagos Nigeria and one might wonder what the whole hype is about and what the reasons are for tagging Epe as ‘the New Lagos’ by market players.

The Rise in the Value of Land in Epe is Unconnected to the Government’s deliberate efforts at the development of Ibeju-Lekki which is only a few kilometers from Epe. Ibeju-Lekki houses Mega Projects of the Free Trade Zone, Deep Sea Port, Dangote Refinery, and the Fertilizer plants among so many other developments. It’s good to note that Housing and Commercial schemes by Private and Governmental institutions have also played massive roles in the magical and exponential value of Real Assets in Ibeju-Lekki.

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So, Should anyone invest in Epe Just because of its proximity to Ibeji_Lekki in 2022?

Asides from the Glories of Ibeju-Lekki, the development of massive projects in Epe like Isimi Lagos which seats on about 300 acres of Land by Landwey, and Alaro Megacity that seats on about 2000 Hectares of land by rendezvous are enough to change the fortunes of Epe to becoming the Next biggest residential hub in Lagos. Both projects would need approximately 30,000 workers of different capacities when fully functional.

The Expansion of the Six-lane road from Eleko Junction in Ibeju-Lekki to Epe T-Junction has reached its completion stage and so far caused the massive migration of people North of the Lagos Lagoon. The Following are valid reasons one should Invest in Epe in 2022.

Land in Epe mostly exists as Freehold:

Lands that exist in the status of Freehold are safe to buy and can be perfected into a title without. Due-Diligence MUST be undertaken to ascertain the Free status of the land.

Exponential Increase in Land value in a Year:

This is not even news anymore. A year ago, some lands that were bought for the price of Five hundred thousand nairas (N500,000), now go for nothing less than two million nairas (N2,000,000). This is true about so many residential estates in Epe

Proximity to Commercial and Industrial Centre in Ibeju Lekki:

Those working in Ibeju-Lekki would need to reside very close by and Epe solves that problem as the closest residential settlement. It is approximated that 50% of the workers in Ibeju-Lekki will own houses in Epe and another 30% will rent houses in Epe. Ibeju-Lekki is Industrial and Commercial.

Proximity to The Proposed International Airport:

It is a no-brainer that buying land close to a facility like an airport will automatically attract higher property rates in the future. Securing a plot in Epe for yourself will help you a position to attract higher rent, or be able to sell at a ridiculously profitable rate in the future

Good road Network to Ikorodu and Ijebu-Ode

Epe road network is known to connect to Ikorodu and Itokin, also to Ijebu Ode. The road construction and design projects in Epe were handled by Craneburg and lasted for 16 months. You can see that owning a property in Epe is a keystone to wealth creation.

The land is relatively cheap

Since Epe is a developing area of Lagos state with good road networks, landed property is fast appreciating. If you are willing to invest here you can get still get a property for as low as 2 Million nairas.

Owning Land in Epe in 2022 would prove a wise investment choice, given the economic realities of this time. Real estate is a safe Haven against Inflation and Economic recession. The Best time to buy Real estate was 10 Years ago, the Best time to buy Real Estate is Now.

Invest in Epe Real Estate NOW !!! Should You Buy a Land in Epe in 2022?

Find Land For Sale in Epe Here