Home Values Nigeria - Free House Prices Data Lagos Nigeria
Home values are constantly rising in Lagos Nigeria. House prices have grown about 100% in the last 2yrs in many locations in Lagos Nigeria. I can tell you with certainty that this is the right time to invest in Nigeria real estate.
With the growth of industries came the growth of population because the presence of the industries prompted many people to abandon their remote villages in search of work in Lagos.
The result is that today, Lagos population is put at about 15 million people with an estimated growth rate of 250,000 people per annum.
In 2007, a 4 bedroom bungalow in Northern Foreshore in Lekki Lagos Nigeria sold for 18 million Naira. Now, early 2009 the same bungalow sells for 35-40 million Naira. That is about 100% growth in investment in 2yrs.
No doubt about it. House prices are constantly on the increase in Lagos Nigeria. And it's not limited to home values for properties for sale. Even apartment for rent in Lagos Nigeria are constantly on the increase in terms of price.
So, if you're an investor interested in about 40-50% increase in your investment year in year out, Lagos Nigeria is the place to invest. And Nigeria real estate is the perfect deal.
Every man fends for himself in Lagos Nigeria. And when the mega city project in Lagos goes full swing, even more people will troop to Lagos in search of the golden fleece. More people translates to greater need for houses and, hence, even higher prices.
Now is the time to invest!
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