Maximizing Returns on Investment in Properties in Lagos

Currently, land parcels that were purchased for less than ₦1,000,000 or ₦5,000,000 three to five years ago are now valued between ₦15,000,000 and ₦50,000,000, depending on their location. For example, a 500sqm plot in the Periwinkle Lifestyle Estate, which sold for ₦50,000,000 between 2016 and 2018, is now worth over ₦180,000,000. This represents an astonishing return on investment of over 125% within just a couple of years.