Afrigather In the previous couple of months, there was a rise in demand for land and properties in Ogun State.
Presently, Arepo, Magboro are the main 2 places in Ogun State the place increasingly more folks, particularly from Lagos are trooping to purchase homes and land. The 2 places is simply 5 minutes drive away from Berger bus cease.
Don’t overlook that, location could be very key in the actual property enterprise and it is among the determinants in the actual property market. Location of property all the time has an impact on the demand and worth of a selected landed property. The value of landed property in Lekki Section 1 is totally different from Ibeju-Lekki due to the placement. Most instances, the accessibility to property all the time performs a key function within the appreciation of that exact property.
Currently, quite a lot of property gamers and people have been positioning themselves out and in of Lagos. The shortage of land in Lagos has compelled a lot of them to maneuver to the border facet of Lagos like Magboro, Arepo, Ibafo, Simawa and so forth. Costs of actual property in these areas have additionally moved up due to many causes. The lately accomplished rehabilitation of Lagos/Ibadan 4 highways street is a significant factor for this
Arepo/Magboro are a fast-developing district and good buyers are keying into exploring the long run realty advantages it has to supply. Just a few years again, lands in Arepo/Magboro bought for as little as N800,000. Seeing an upsurge in improvement, and owing to the ever-growing inhabitants of Lagos State, a plot of land at Arepo now price as a lot as N20 to 40m. Arepo is now being known as the brand new Magodo.
Arepo is on the suitable facet of the street after the lengthy bridge from Berger, whereas Magboro is adjoining. The 2 places share some distinctive similarities however Arepo has higher street.
Arepo is roughly a 7-minute drive from central Ikeja, whereas Magboro is beneath 10 minutes drive from Alausa. The 2 places are excellent places for middle-class citizenry who wish to dwell near the Lagos capital thus making commuting stress-free. Nobody likes to spend these lengthy hours in holdups. On this write-up, we’ve highlighted 5 the explanation why it’s best to put money into Arepo and Magboro and why it’s a scorching spot for the actual property enterprise.
HIGH RETURN ON INVESTMENT
Investing in Actual Property any day anytime is a brilliant method of yielding a gradual influx of money, It’s superb how a lot a plot of land in Arepo and Magboro are promoting as at now in contrast to what it was earlier than. With a fast-developing space like Arepo and Magboro, which is near the busiest financial cities in Africa, there isn’t any doubt on the monetary return on funding that shall be generated out of your funding in it. Presently, costs of land has gone up within the two places. A median land worth in Magboro now could be round 15 million naira, whereas Arepo is round 20 million naira and above.
YOU WON’T HAVE TO DEAL WITH TRAFFIC
The lately full Lagos/Ibadan expressway is a significant factor for the event of those areas. In much less down 10 minutes drive from Alausa Ikeja, you’re in Arepo or Magboro and homes are comparatively cheaper in these places in comparison with Lagos.
Everyone knows how a lot time is spent on visitors in Lagos, the visitors in Lagos may be actually irritating, it should solely be sensible to leverage areas near Lagos as time spent on visitors each day may be completely decreased and your time may be channelled to extra productiveness.
CLOSE PROXIMITY TO LAGOS
The proximity of Lagos to Arepo/Magboro offers the world the chance to reap the advantages of being near Nigerians business nerve centre. And it’s regular leveraging on this, as already seen within the worth of its properties which can regularly enhance..
AREPO IS SERENE AND COOL
The dearth of enormous expanses of land, the muddle, noise, and lots of people and organizations in Lagos is an efficient cause to put money into Arepo, Arepo affords serenity, contemporary air, a cooler setting than Lagos and a implausible return on funding as the costs on homes are comparatively low cost.
There are additionally some areas in Magboro which have this characteristic.
LUXURY ESTATES
Magboro and Arepo have appreciable variety of widespread luxurious estates, a few of that are Journalist Property, Voera Property, Reward Hill Property, and so forth. The truth that these estates are in Arepo tells you the world is quick turning into a scorching cake.
In conclusion, Arepo and Magboro aren’t only a cool place to be or dwell in however they’re the following most suitable option for Nigerians who work within the Middle of Excellence and are searching for stress-free methods to commute inside the metropolis. There’s additionally a bunch of inexpensive properties you may key into and begin constructing on the go. Individuals are benefiting from the chance to put money into Arepo/Magboro and it has over just a few years confirmed to be a promising level for actual property buyers.
– ISAAC ABIMBADE
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