10 Reasons You Should Invest in Real Estate in Badagry Lagos Nigeria
Investing in real estate is a great way to build wealth. In addition to providing a steady stream of income, it also provides security against inflation. However, it is important to be aware of the risks involved in investing in real estate.
Land near colleges and universities is a good investment because these areas always have an influx of students. You can find affordable land and properties in Badagry at Hill City Properties Nig Ltd
Trading center
It is a well-known fact that real estate in Nigeria appreciates quickly. But what does this mean for the property investor? Well, the answer to this depends on what you want your goal to be. If you are looking for an investment that will give you an immediate return, then renting or leasing might be better options. But if you are thinking long-term, then buying might be the best choice.
Badagry is an ancient town located in the southwest of Lagos State and it has a great deal to offer. It is renowned for being one of the first places where Christianity was introduced in Africa and was once a major slave market. In addition, it houses the first-story building in Nigeria and attracts tourists from all over the world to visit its historic attractions.
However, it is important to note that a lot of the lands in this area are under Government acquisition (usually for tourism). These lands are usually sold by fraudulent landowners and buyers should make sure that they verify ownership before buying. Also, it is advised that you consult a professional to ensure that you have the correct documents.
New seaport
Badagry is home to a new seaport that is set to boost the region’s economy. The port is expected to bring in more investment opportunities and create more jobs. It will also help reduce congestion at the main ports in Lagos.
The project is being developed in four phases through a build-own-operate and transfer (BOOT) public-private partnership model. It is designed to enhance Nigeria’s port capacity and open up new vistas for trade facilitation. It will include terminals for containerized and non-containerized cargo, a dredged access channel, a tuning circle, a port basin, an anchorage area, shoreline protections, refined product import jetties, an industrial and logistics zone, and support transport infrastructure.
The project is expected to be completed by 2020. It will cost $2.6 billion and is set to transform Nigeria’s maritime endowments into prosperity for its people. This is a huge project that will boost the local economy and help ease the strain on Lagos’ existing port. It will also help diversify the country’s economy and attract more international investors. It will also create a new opportunity for businesses to expand and improve their operations. The port will also create thousands of employment opportunities.
A Tourism Center
Badagry is a coastal town and port in Lagos State in the southwestern part of Nigeria. It lies on the north bank of Porto Novo Creek, an inland waterway that connects Lagos and Porto-Novo. In the past, it was a major center for the slave trade and now is an important economic center.
It is a great place for tourists to visit, and there are many shopping centers in the area. One of the best in Beach Town Supermarket, located on Joseph Dosu Way. The supermarket offers high-quality items at reasonable prices.
If you are interested in investing in real estate in Badagry, there are several options available. One option is to join a co-op business, where multiple people or companies pool their money and pay for property together. This allows them to buy a larger piece of land at once and start building on it as soon as possible.
Another option is to purchase a commercial property. This is an excellent option for businesses that need space to grow, and it can also be a good choice for investors who want to diversify their portfolios. However, investors should be aware of the risks associated with commercial properties.
Amazing Beaches
Located along the coast, Badagry has some amazing beaches that offer great views of the ocean. The city is also home to many restaurants, bars, and hotels that cater to visitors from around the world. During your stay, you should try some of the local food and drinks to experience the vibrant popular culture.
In addition to the beautiful sandy beaches, Badagry is also home to some of Nigeria’s most famous historical landmarks, including the first multi-story building in Africa and the Vlekete slave market. Whether you’re looking for an exciting adventure or just a place to relax, Badagry has something for everyone.
If you’re thinking about buying a property in Badagry, it’s a good idea to do your research first. You’ll want to find a property that fits your budget and is close to the schools in the area. This way, you’ll have an easier time finding buyable land and will be able to make a good investment. The best way to do this is by using free property advertising sites, such as OList. These websites can help you find a property in Badagry that will fit your needs. Alternatively, you can also purchase land in areas that are still undergoing development. This can save you a lot of money, especially if you’re planning on a long-term investment.
Affordable Land And Properties
The area has affordable land and properties that are suitable for both commercial and residential purposes. Its close proximity to Lagos makes it a desirable location for investors, with a new seaport and light rail project expected to bring in additional jobs and business opportunities.
The town also has many historical landmarks. These include the Agia Tree Monument, Vlekete Slave Market, Wawu Palace Cannon Guns, Sato Drum Statue, and St. Thomas’ Anglican Primary School. In addition, visitors can visit the first multi-story structure in Nigeria and learn about its history.
There are some areas in Badagry that require extra caution when buying land. For instance, the lands being sold at Oko Agbo Village in Ibeju Lekki Local Government should be avoided. These lands are being sold by land-grabbers and fall within the Cooperative Villa Government Allocation Scheme.
The town is divided into eight quarters: Ahovikoh, Boekoh, Jegba, Posukoh, Awhanjigo, Asago, Wharakoh, and Ganho. It is ruled by the Akran of Badagry, who is supported by seven white-cap high chiefs. The town is famous for its ajogun snack, which is made from cassava and best enjoyed with coconut water sucked through a straw. Its people are known for their hospitable nature.
Close To Border
Investing in real estate can be an excellent way to diversify your investment portfolio. However, it is important to consider all the risks involved in a real estate investment and choose properties that are well-positioned for growth. To make the best decision, you should first understand market trends and the local supply and demand for real estate.
The most important factor to consider when buying property is location. Choosing a property that is in a prime location can increase its value significantly, especially if it has easy access to major roads and public transportation. It is also a good idea to choose a property with an attractive view and ample parking space.
Located along the coastline, Seme has a shared 773-kilometer border with the Benin Republic in West Africa. It is one of the busiest land routes in Nigeria and has a full complement of border security agencies. The road infrastructure between Lagos and Seme is in a deplorable state, but the government has pledged to improve it. This will boost the city’s tourism and economic potential. When the project is completed, it will be a goldmine waiting to be tapped.
Diversify Transportation
If you’re looking for a place to buy property in Nigeria, Badagry might be the right choice for you. It has a lot of different transportation options, including public buses and proposed trains. You can even find an airport nearby via the Lagun, there is suitable water transportation across Lagos from Badagry which makes it easy to get around the country. Whether you’re interested in buying a home or an office space, you can find something here to fit your needs.
The Badagry area is also rich in history and has many tourist attractions, such as the first multi-story building in Africa, the Agia Tree Monument, and the Vlekete Slave Market. It was also an important slave port during the Transatlantic Slave Trade era. This makes it a great place to visit and explore the local culture.
Real estate investments broadly fall into three categories – short-term development and sale (also known as property flipping), speculative purchases, and generational investments. The Badagry Expressway corridor offers substantial opportunities in all of these categories, but there are some areas that offer more significant investment opportunities than others. This article will discuss four locations in the area where you can find properties to flip, speculate or use as a generational passive-income asset.
