Land Investment
Land investment is referred to as a long term investment and with land prices on the rise in many parts of the world.
Moreover, It is said to be the safest and smartest way of investing one’s money.
Land investment is perhaps the most basic asset that we want to invest in.
And may include vast open tracts with no significant estate on it.
Firstly, the job of developing the land lies with the developer,
and with proper care to include modern houses and the associated amenities,
It will significantly appreciate its value.
Land situated close to developed areas will cost more as opposed to those in less developed areas.
Land developed for commercial purposes and those developed for building residential complexes will have different prices and tax implications if any.
Investing in land can be profitable.
As there is a limited supply of land and the purchaser can really sell dear if he wants to.
Besides, there is the short to medium term possibility of exceptional returns.
And property values can be readily increased by erecting modern world-class amenities as already mentioned.
Capital gains can easily be realized from land when land price increases.
The most striking feature of land investment is that investment takes place in a tangible asset.
which the investors can readily put into use.
Why Is Investing In Land A Good Idea?
Think about this for a while.
Have you heard of the cities that are growing so rapidly that they are called ‘Boom-burgs’?
Have you recently considered the fact that the population of Nigeria grew over 15% from 1990 to 2000?
In other words, The most striking feature of land investment is that investment takes place in a tangible asset.
which the investors can readily put into use.
The level at which people migrate from rural areas to the cities like Lagos, Abuja, Kaduna, Portharcourt has increased.
