5 Reasons to Invest in Epe Real Estate Market in 2023

Epe is a rapidly growing town in Nigeria that is fast becoming a hotbed for real estate investment. With its proximity to Lagos, Nigeria’s commercial capital and the Lekki-Epe expressway, which connects the town to other parts of the state, it is poised to become one of the most sought-after investment destinations in the country.

It is an island town in Lagos State, which is located in the south-western part of Nigeria and was originally populated by the Ijebu people. Sitting on the northern shore of the Lagos Lagoon, bounded in the north by Ijebu-Ode, in the east by Ikorodu, and in the west by Lekki Lagoon. Epe is also a local government area (LGA) in Lagos and has road connections to Lekki, Ikorodu, Ibeju-Lekki, and Ijebu-Ode.

Real estate in Nigeria is on the rise as one of the safest and most rewarding forms of investment. In recent times, investors have discovered that real estate in Lagos Nigeria appreciates in value rapidly, and ever since there’s been a huge traffic of investors seeking to maximize opportunities the market has to offer.

The real estate market in this area is diverse, with a wide range of options available for investors. From residential properties to commercial spaces, there is something to offer for every investor. The demand for housing in the town is high, with many people looking to move to the area in search of better opportunities. This has led to a significant increase in the construction of new housing developments, providing investors with a wide range of options to choose from.

WHY INVEST HERE?

Some still see Epe as a remote area and can’t seem to figure out why one would invest in such a place. The watchword is “rapid development.” By 2023, it is projected that Epe will emerge as Lagos’ industrial hub and mega-smart city; this is why the price of land in Epe is appreciating fast.

In the past few years, experts have observed a massive influx of industries, government projects, tertiary institutions and housing estates in  Epe – Ibeju lekki axis and this is already bringing about a rapid increase in population, development and demand for housing in the local government area.

1. Industrialization:

A good number of industries turned to Epe, the new Lagos, to establish their facilities due to the lack of adequate space and high costs in other prominent areas of Lagos that are a bit congested compared to Epe. This became a trend, and other big players in the industry followed suit. This birthed the industrialization that is witnessed in this part of Lagos, and it has had a huge impact on population growth.

Another unique feature of the town is the vast expanse of mangroves, which covers a significant part of the area. The Epe Mangroves are a major tourist attraction and are also a source of livelihood for many locals who are involved in fishing and aquaculture. This presents investors with the opportunity to invest in properties that are situated near the mangroves, which are expected to generate high returns from tourism and eco-tourism.

One of the biggest advantages of investing in this town is the relatively low cost of property compared to other areas in Nigeria. This makes it an accessible option for a wide range of investors, including those on a budget. Additionally, the government’s focus on developing the area has led to an increase in infrastructure and amenities, making it a more attractive place to live and do business.

2. Government Projects:

One massive project most people are looking forward to in Epe is the Lekki-Epe international airport that will sit on 3500 hectares. Major economic development is very important for the economic health of a state. This is the reason the Lagos state government commenced plans on building an international airport in Lekki-Epe: to generate revenue, foster development, reduce traffic to ease Murtala Muhammed International airport, and also to be of service to the fast-growing area of Lagos state.

Another interesting development that is ongoing here is the 18.7 km, 6-lane expressway that is already in the works. This project will suffice as good road connection to neighborhoods and suburbs along the Lekki-Epe lane and absolve the  traffic of commuters shuttling the local government area.

3. Capital Appreciation

Another advantage of investing in the town is the potential for capital appreciation. As the area continues to develop, property prices are expected to increase, providing investors with the opportunity to earn significant returns on their investment. Additionally, the steady influx of people moving to the town is expected to continue, which will further drive up demand for housing and commercial properties, resulting in even higher returns for investors.

One of the most attractive areas for investment in Epe is the Ketu region, which is known for its beautiful beaches, serene atmosphere and proximity to the Lekki Epe expressway. The Ketu Epe region is also home to several luxury resorts and spa, such as Epe Resorts and Spa, making it a popular tourist destination. This presents investors with the opportunity to invest in properties in this area, which are expected to generate high returns from tourism and vacation rentals.

In addition to housing, Epe is also seeing a rise in the development of commercial properties. With the town’s growing population and increasing economic activity, there is a growing demand for office spaces, retail outlets, and other commercial properties. This presents investors with the opportunity to invest in commercial properties that have the potential to generate high returns.

In conclusion,

Epe is an emerging real estate market with endless investment possibilities. With its proximity to Lagos, diverse range of properties, and low cost of entry, It presents investors with an opportunity to invest in a growing market with the potential for high returns. As the town continues to develop, it is expected to become one of the most sought-after investment destinations in Nigeria, making it a smart choice for investors looking to secure a strong financial future.

Would you like to own a genuine estate property in this amazing location? If you answer is yes, kindly contact us today for your investment choice.