Research has shown that Southwest is at the forefront of real estate growth in Nigeria. With its strength in real estate, it shows the zone is experiencing significant developments.
This is characterized by economic growth, tourism, increasing population, affordability, and other important determinants.
Similarly, the government’s contribution towards the evolution of this region is indeed one of the driving factors.
Real estate in the Southwest won’t be a wrong investment if you capitalize on the fastest developing locations.
Undoubtedly, Southwest real estate is a huge market but this piece covers the fastest developing locations in Southwest.
These fastest developing locations include Epe, Ibadan, Badagry, Ofada Owode, and Ijebu Ode.
These aforementioned areas are currently experiencing increased growth thereby attracting potential investors.
1. Epe
Epe is one of the quickest improving areas in Southwest. It’s becoming a well-known Local Government Area in Lagos. If you have been considering investing in Southwest, take advantage of it and start with Epe.
What Makes Epe One of the Fastest Developing Locations in Southwest
Strategic Location
Epe’s strategic location is one of the factors contributing to its rapid development. Its proximity with Lagos, Ibadan, and Ijebu Ode in Ogun State positions it as a fast-rising location.
Additionally, its proximity to Lekki International Airport, Lekki Deep Seaport, and Lekki Free Trade Zone makes it a swift location for investment.
Affordability Of Land
Lagos is the center of attraction in real estate, and this comes with a price. Every part commands a price but Epe gives you an entry point.
Also, Epe offers affordable land. You can get a plot of land at 800000 in some areas making it one of the cheapest places. This feature increases Epe’s status in the Southwest.
Undisturbed Peace
As long as you want to acquire property, prioritizing your peace should not be underscored. This tranquility is what Epe provides.
The hustling and bustling of Lagos is not for everyone, and that is why people are going for serenity when purchasing properties. This contributes towards making Epe one of the regions with a swift-growing location in the Southwest.
You can secure a couple of plots for yourself today in our estate at Igboye Epe – The Beautiful Garden Estate by Affable Homes Ltd. Call +2349134056630.
2. Ibadan
Ibadan is a popular city in Nigeria and West Africa. The real estate market is booming due to significant development in all areas. The governor of Oyo State has been very instrumental to the fast-growing nature of real estate investment in Ibadan.
Some Factors That Make Ibadan One of the Fastest Developing Locations
Growing Population
The population of Ibadan has been on the rise, and it is safe to say it’s a predominant factor. Its status as one of the largest cities in Nigeria continues to get people’s attention.
It’s equally important to know that this characterizes Ibadan as one worthy place for real estate in the Southwest.
Cheaper Land Price
Ibadan provides you with the opportunity for affordable land. Despite being a renowned city, there is room for budget-friendly investment. You don’t have to come with a huge box to start owning assets in Ibadan.
You can get properties for as low as ₦1,500,000 in places. For this reason, investors are taking swift action, thereby making it one of the emerging places in the Southwest.
Large Expanse of Land
Land has never been a problem in Ibadan. There is always room for investors who are willing to invest.
The landmass is evident in the city being the largest in West Africa. Certainly, this landmass is a beautiful opportunity developers are exploring.
This feature gives room for different investment choices for real estate, thereby solidifying its status as an up-and-coming area in the Southwest.
Educational Hubs
Ibadan contributes largely to the educational sector in Nigeria, this is evident in the institutions domiciled in the city. Ibadan houses the prestigious University of Ibadan, LAUTECH, Lead City, Federal Polytechnic, and other institutions.
With the presence of these educational institutions, Ibadan will continue to experience a surge as the demand for residential and commercial properties continues to increase.
Most importantly, this projects Ibadan as a progressing destination for real estate in the Southwest.
Also Read:
- Why You Should Invest in Ofada Owode Real Estate Market
- How Much is a Plot of Land in Badagry?
- What to Look for During a Land Site Inspection in Ofada Owode
3. Badagry
Badagry is a popular Local Government Area in Lagos State with a growing economy. It’s one of the fastest-developing locations in the Southwest real estate market.
This growth is characterized by features including great location, reasonable land price, improved infrastructure, and other influencing elements.
What Makes Badagry One of the Fastest Developing Locations in Southwest
Great Location
Badagry’s great location can never be underestimated and it plays a crucial role in Badagry’s development. Badagry’s position bordering the Benin Republic facilitates cross-border trade. This brings opportunities outside the shores of the country.
Being a border town, it increases the demand for commercial properties, thereby enhancing its status. Also, its proximity to Lagos drives the development and investment in real estate in Badagry.
Affordable Land Acquisition Cost
Badagry offers a variety of lands at cheaper prices in the Southwest. You can get a plot of land at the price of ₦2,000,000 and above. Positioning it at an affordable entry price. Affable Homes Ltd has the Beautiful Garden Estate in Apa, Badagry at an affordable price. Send a WhatsApp message to us now to book a date for inspection: +2349134056630.
Enhancement Of Infrastructure
Badagry is receiving government intervention with a series of infrastructural projects to boost its economy. The most notable one is the expansion and upgrading of the Lagos-Badagry Expressway. This will make the mobility of goods and people easier.
Therefore this advantage brings attention to Epe, making it one of the quickest growing locations in Southwest.
Also Read:
- Where to Invest in Imo: 3 Best Places to Buy Land Near Owerri
- How Much Does It Cost to Buy a House in Lagos?
- Where to Buy Land Near Lagos at Affordable Prices
4. Ofada Owode
Ofada Owode is a town in Ogun State currently experiencing an upsurge in real estate engagement. This makes it a worthy location worth considering by investors.
It’s one of the areas of most rapid growth in the Southwest due to contributing factors like expanding population, proximity to Lagos, and other pivotal points.
Some Factors That Make Ofada Owode One of the Fastest Growing Locations in Southwest
Budget Friendly Plots
Ofada Owode, just like the aforementioned places, promises budget-friendly plots. With Ofada Owode, you get the chance to secure valuable properties at cheaper prices compared to other areas.
Ultimately, these economical land options make Ofada Owode a rapidly growing region worth running towards.
Growing Number of Residents
As more people continue to relocate to Ofada Owode, the population will keep increasing. This undoubtedly leads to increased demand for real estate.
This increase includes high demand for housing, healthcare, schools, and other facilities, catalyzing the growth of the real estate in Ofada Owode, making it one of the areas with high potential in Southwest.
Enhanced Public Work
Ofada Owode is enjoying enhanced public work; most notably the improvement and expansion of the Lagos-Ibadan expressway, and Siun-Owode-Ofada-Mowe Road.
These infrastructures are connecting Owode to major cities making it one of the fastest developing locations in Southwest.
5. Ijebu-Ode
Ijebu Ode is a city with modern development and a very important region in Ogun State Southwest.
This growth is influenced by necessary grounds, including educational establishment, inexpensive land, and easily accessible location, among others.
Some Factors That Make Ijebu Ode One of the Fastest Growing Locations in Yorubaland
Easily Accessible Location
Ijebu Ode’s connection with other major cities makes it a major plus. This location provides a suitable real estate development, making it one of the places worth taking note of in the Southwest.
Inexpensive Land
Everyone who desires to get low-priced land in the Southwest should invest in Ijebu Ode. Getting into real estate in the Southwest doesn’t have to be a burden when you can invest in Ijebu Ode.
You can get a plot of land in some places in Ijebu Ode for as low as 600000. This makes it an area of significant investment expansion in the Southwest.
Educational Establishments
Ijebu Ode boasts of the presence of universities and other educational institutions. Attracting people and creating demand for real estate properties.
This high demand further boosts its value making it one of the quickly expanding regions in the Southwest.
Conclusion
Real estate in the Southwest is a joy to behold, but investing in these top 5 developing locations comes with the greatest joy.
Epe, Ibadan, Badagry, Ofada Owode, and Ijebu Ode are fast becoming centres for real estate in the Southwest due to the affordability of land, infrastructural development, strategic location, etc.
These striking similarities between these locations and their growth, hence make them formidable. Real estate is lucrative if you can spot where development is going and follow the trend.
Conclusively, now is the best time to secure your property in these Southwest cities in Nigeria because of future competition.
To explore any of our real estate investment packages like land banking, retirement plan, kids education investment plan, trade apprenticeship plan or if you want to purchase some plots where you will have residential or commercial buildings, send an email to us at info@affablehomes.com.ng or call +2349134056630.
