Top properties to buy in 2023
2023 promises to be a highly profitable year for most real estate projects that kicked off about 5-10 years ago thanks to the commencement of operations at Dangote refinery and Lekki Deep port.
While Ibeju Lekki has been a real estate hotbed for years, there are no indications showing a slow down. Experts believe that the area is yet to hit 10% of its potential as most of the billion dollar investments in the area awaits completion.
Ibeju Lekki, located in the southwestern part of Lagos, Nigeria, has over the years quickly become one of the most sought-after locations for land buyers and 2023 will be no different. The area’s development is being driven by two major projects that are nearing completion: the Dangote refinery and the Lekki deep seaport.
The Dangote refinery is set to be one of the largest oil refineries in the world, with a capacity to process 650,000 barrels of crude oil per day. The refinery will not only provide jobs and economic growth for the region, but it will also increase the demand for housing and commercial properties in the area. This is because of the refinery and the associated industries will attract more workers and businesses to the region.
In addition to the refinery, the Lekki deep seaport is also set to commence operations in 2023. The seaport, which will be the first deep seaport in Nigeria, will have the capacity to handle large vessels, thereby increasing trade and economic activity in the region. The seaport is also expected to create jobs and attract more investment to the area.
Furthermore, various road expansion projects are being carried out in the region, including the Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge. These projects will improve connectivity between the region and the rest of Lagos, making it more accessible for both residents and businesses. This, in turn, will increase land and property values, as well as the demand for housing and commercial properties in the area.
Furthermore, Ibeju Lekki is also a prime location for real estate development because of its proximity to the Atlantic Ocean and its beautiful beaches, which can be harnessed for tourism and real estate development. This can be seen as the development of the free trade zone on the area.
Epe, located in the western part of Lagos, Nigeria, is another location that will be highly attractive to land buyers in 2023. The area’s development is being driven by several major projects and initiatives, making it a prime location for real estate investment.
One of the major developments in Epe is the ongoing construction of the Epe Industrial Park. The park, which is being developed by the Lagos State government, will include factories, warehouses, and other industrial facilities. The park is expected to create jobs and attract businesses to the area, increasing the demand for housing and commercial properties in Epe.
Another significant development in Epe is the construction of the Epe International Airport. The airport, which will be the first of its kind in the state, will have the capacity to handle both domestic and international flights. The airport is expected to provide a boost to the region’s tourism and economy, while also creating jobs and attracting more investment to the area.
Furthermore, the Epe-Ijebu Ode Expressway has improved connectivity between Epe and other parts of the South-West, making it more accessible for both residents and businesses. This, in turn, will increase land and property values, as well as the demand for housing and commercial properties in the area.
The ongoing construction of Epe-Lagos water supply project, which is expected to improve the water supply situation in Epe and its environs, will also attract more people and businesses to the area.
Moreover, Epe is also known for its rich cultural heritage, scenic views and recreational activities, especially in the Epe Mangrove Reserve, which is a popular spot for visitors, tourists and investors.
In conclusion, Epe is a great location to buy land in 2023 due to the ongoing developments in the area.
If you’re yet to key into developments in these areas, worry not. There’s still a very ripe opportunity with Danbel’s Avalanche Park Estate and Windspring Estate. Want to know how? Contact us today!