A close friend of mine bought two plots of land at Ibeju-Lekki for N350,000 each in 2012. At the time, very few people barely knew anything about Ibeju-Lekki.
Last year he sold those same plots, the same way he had bought them for N4,500,000 each. Same place, same plots, he didn’t even put a fence around them (he had a C of O.) for N4,500,000. That’s above 400% increase in returns in just five years.
Honestly, I didn’t think it was a smart idea to sell them because the value of owning property at Ibeju-Lekki is still on the rise.
In the next 4/5 years, we could be talking N20,000,000 a plot and in 10 years, only God knows? One thing is for sure, the value will keep going up.
Remember yesterday it was IKOYI, VICTORIA ISLAND, today it is LEKKI, AJAH and tomorrow the concentration will be focused on IBEJU-LEKKI – The New Lagos.
The best time to own a part of Ibeju-Lekki was years ago, the next best time is now.