Investing in Lagos as a Millennial -

Investing in real estate seems like a herculean task especially if you’ve experienced the pain that comes with renting an apartment in Lagos, let alone owning one. From the average Agent on the streets of Lagos, to ‘’Omonile’’ wahala, to a few Government bureaucracies and the high cost of processing landed documents. To sum it up, it costs a lot to own properties in Lagos.
Millennials are widely known as those born in the early 1980s to early 2000s, meaning if you fall within ages 18–39 years, then congratulations! you’re still a Millennial. This generation of young folks form a larger part of Nigeria’s over 200,000,000 population and are gradually becoming active in various sectors of our economy including real estate which wouldn’t have made sense a few years ago until recently.
The average working-class millennial in Lagos takes home about N80,000 monthly (unconfirmed). When you consider feeding, rent, transportation, maintenance, clothing with that amount, investing in real estate would likely be the last thing to think about. But that shouldn’t stop the millennial who thinks long-term and looks to build a wealthy future.
Recent trend shows that millennials are gradually turning to the real estate market on the Island, especially along the Ibeju Lekki axis. Ten years down the line this same young people would be controlling the wealth of this axis.
Several years ago, the old folks controlling Victoria Island to Lekki Real estate market were once millennials in their 20s to 30s who foresaw future developments even before they happened.
We sometimes hear stories of how in the 90s lands were quite cheap but only a few took advantage. Those who missed those opportunities did so due to several factors such as little to no funds, and fear.
Some of the current landowners also had similar issues but they found ways to overcome them. For instance, those who had little to no funds sold lands on behalf of families and individuals who owned lands and they used the commission from sales to reinvest in those locations.
So as a millennial in this age where there are loads of opportunities and information at the tip of your fingers, there are so many ways to be a real estate investor in Lagos and not be left behind, three of which include;
We are offering an opportunity to invest in one of the fastest developing areas in Lagos with as little as ₦850,000. We have flexible payment plans should that be a better fit for you. You can also become an independent Realtor with us to earn and when you invest, you’ll get a special discount for Realtors.
Call us today on +234 903 118 5506 for more information.
Happy Investing.
Originally published at https://www.xymbolicdevelopment.com on November 1, 2019.
