Friday, 8 December 2017

Where is Your Position?

Just as cake will always be sweet, real estate will forever be a viable investment and an enduring acquisition. Now when cake is shared some people get just a piece of cake while some others get cake with sweet icing. With real estate, positioning is the icing on the cake.

In Lagos, you hear of a property on the island, that is Lekki, Victoria Island costing hundreds of millions of naira while you can five times of its equivalent in other areas at an even lower price! Why? Positioning.

The area in which your property is located goes a long way in determining how fast the value will increase. There are many things to consider.

What is the development rate of the area like? What other types of investments can be found there? What is the population in the place like- is it overcrowded, sparsely populated or just growing? What classes of individuals live there?

These questions and much more you’re unsure of the reason you should invest in housing estates and landed properties.

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