If you are confused about where to invest in Lagos whether is Ibeju-Lekki or Epe. There are several ways Dangote refinery will increase property in Ibeju-Lekki.
Investing is Ibeju-Lekki is expensive than Epe, but due to Dangote refinery in Ibeju-Lekki, the land in Ibeju-Lekki is already developing, appreciating and attracting huge returns on investment.
Ibeju-Lekki was once a location that doesn’t have any notable landmarks that will make people think that it is good for property investment before.
But due to two major landmarks in Ibeju-Lekki, Dangote Refinery and Lekki Free Trade Zone. The property value in the location is never the same again.
Lots of people have invested already while some are still yet to fully understand how the refinery would increase property value in Ibeju-Lekki or how Ibeju-Lekki is good for property investment.
While some people are new investors who just want to start their real estate investment journey.
What are the ways Dangote refinery increases property value in Ibeju-Lekki?
There are different ways how it would increase the property value.
Anywhere there is huge development the price of property in the particular location always go higher.
And there are two things that always influence the value of property in a particular location which are notable landmarks and developments.
Dangote refinery at Ibeju-Lekki, Lagos, Nigeria is the Africa largest refinery that tend to greatly transform Ibeju-Lekki, Lagos and Nigeria as a whole.
Thereby, creating series of business and employment opportunities for all. It is very glaring that Dangote refinery will promote economic growth and investment opportunities in Lagos.
Ever since the refinery was commissioned by the Ex-president Mohammed Buhari, the property appreciation rate have been increasing. Thereby, creating series of business opportunities for all.
6 Ways Dangote refinery will increase property value in Ibeju Lekki
The refinery will increase property value through the following ways.
1. Attract foreign investors
The Dangote refinery is a massive project that its commissioning called the attention of foreign investors to Nigeria.
Both international companies, investors and expatriates will be attracted to Ibeju Lekki due to the huge revenue is going to generate.
2. Employment Opportunity
The refinery does not only focus on domestic supply, but also an international supply of refined petroleum products, which means the refinery would create a significant workforce that will need accommodation which will indirectly increase property value in Ibeju-Lekki.
3. More companies and outlets will need space.
Anywhere there is a huge project like Dangote refinery. There will definitely be an increase in demand of land and space for building of companies, banks, shopping malls, eateries, outlets, recreational centers and lots more.
See: Land for Sale at Arizon Estate, Ibeju-Lekki
4. Huge growth of Ibeju-Lekki.
Lots of infrastructural facilities are going down to Ibeju-Lekki which will keep the area booming, attracting business owners at the same time contributing to property appreciation value.
5. Increase in housing demand
The inflow of workers will increase housing demand thereby driving up property prices value.
6. A new Lagos economic hub
Dangote refinery is the new Lagos economic hub and tend to increase people’s positive perception toward Ibeju-Lekki and its environs as an industrial and economic hub making it more appealing to real estate investors.
The positive impact Dangote refinery is going to have on Ibeju-Lekki cannot be overemphasized. If you are thinking of investing in Lagos, Ibeju-Lekki is never too late. Most especially around Eleko axis.
Because in the nearest future, Ibeju-Lekki is going to be part of quota that would generate 70% of Lagos wealth and popularity.
Don’t hesitate to invest!
