Introduction: Price of Land in Nigeria – What You Really Need to Know!
So, you want to invest in real estate and you are wondering about the price of land in Nigeria and how to buy land that won’t just sit there but actually appreciate over time, congratulations you’re already thinking like a smart investor!
The truth of the matter is, in this economy, nobody wants to throw their hard-earned money into a piece of land that’ll remain “bush” for the next 10 years. Whether you’re planning to build, keep it for future resale, or simply secure your financial future, knowing the current price of land in Nigeria and where to look for appreciating locations is absolutely key.
In this guide, I’ll break down the real price trends, hidden gems and what will help you determine the real price of land in Nigeria because smart land buyers in Nigeria don’t just buy for today, they buy for tomorrow’s wealth. Ready? Let’s dive in!
1. The Price of Land in Nigeria Depends on Location
Just like how food in Lagos Island is not the same price as food in Oshodi, the price of land in Nigeria depends on where the land is. Places like Ibeju-Lekki, Epe and Abuja are hot because they’re growing fast and the least price is as low as N2.5million depending on the location, distance to infrastructure and title. so land there may be more expensive now but guess what? It will appreciate even more.
If you want affordable land that will grow in value, look at developing areas. They may look like “bush” today, but in 3–5 years, you’ll thank yourself.
2. Land Closer to Major Roads and Development Costs More
When land is near roads, estates, or government projects, the price of land in Nigeria usually goes up. But don’t worry, this is a good thing. It means the land will appreciate quickly because more people will want to live or do business there.
For example, OAKSEED at Abeokuta is prices at N2.8million currectly because of the infrastructure surrounding it.
3. Don’t Just Look at Today’s Price, Think Future Value
Many people only ask, “How much is the price of land in Nigeria today?” But the smart ones ask, “How much will it be in 2–5 years?” That’s the secret to buying land that appreciates.
You see, areas like Ibeju-Lekki, Epe, Abuja and some parts of Ogun State may still have affordable land now. But with the new developments happening there, the value will not stay low for long.
In Summary
The price of land in Nigeria may vary, but if you understand location, development, and future plans, you’ll buy land that appreciates; not depreciates!
Be wise, buy now while it’s still affordable. Tomorrow, you might be the one smiling to the bank. If you want a better understanding on the price of land in Nigeria, contact us at Brit Properties Now at no cost.
