BUILDING PLOT - LAND IN NIGERIA
- Location:
- NIGERIA
- Category:
- LAND FOR SALE
- Type:
- Building Plot
- Beds:
- -
- Currency:
- £ GBP
- Prices:
- -
- Results:
- 1 listings
36500 sqm bordering 4 streets in Victoria Island. Ahmadu Bello wayAkin AdesolaTiamiyu Savage and Karimu Kotun with approval for high rise buildingsresidentail and commercial.
36500 m2 Building Plot
£127,383,586
Victoria Island, Lagos, Nigeria
Listed By: LAMB'S GLORY GROUP INT'L CO. on 20.05.2016View all available Building Plot in Nigeria on TheMoveChannel.com.
Despite decades of conflict and the fact that nearly three-quarters of the population live in poverty, property prices in Nigeria are showing remarkable resilience. The country is in the midst of a housing boom and international investors are taking note. Not only do key regions of Nigeria present some of the most highest-priced land and real estate anywhere in Africa, but Ikoyi and Victoria 🏝 Island in Lagos are also reputed for their impressively high rent yields of up to 8 per cent. What lets the whole affair down in a big way is the way in which roundtrip transaction costs can be as high at 32 per cent of the property’s total value and the authorities are often accused of collecting bribes.
Building plots are sections of land that can be purchased by investors and used to build property. Options for a building plot may include a self-build home, although investors can also sell on the land to others at a profit. The value of the land depends on the plot's location and whether it has permission or services in place for construction.
Despite decades of conflict and the fact that nearly three-quarters of the population live in poverty, property prices in Nigeria are showing remarkable resilience. The country is in the midst of a housing boom and international investors are taking note. Not only do key regions of Nigeria present some of the most highest-priced land and real estate anywhere in Africa, but Ikoyi and Victoria 🏝 Island in Lagos are also reputed for their impressively high rent yields of up to 8 per cent. What lets the whole affair down in a big way is the way in which roundtrip transaction costs can be as high at 32 per cent of the property’s total value and the authorities are often accused of collecting bribes.
Building plots are sections of land that can be purchased by investors and used to build property. Options for a building plot may include a self-build home, although investors can also sell on the land to others at a profit. The value of the land depends on the plot's location and whether it has permission or services in place for construction.