Chidera Okeke
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Chidera Okeke
Not every land will appreciate if you buy and wait.
Some land can stay the same in value for 5, even 10 years and there are real causes for that.
Some of the reasons are:
- No Real Demand
Some areas simply don’t have the kind of population or business growth that pushes up land value. If people aren’t moving there, building there, or doing business there, the value stays flat.
- No Major Project Nearby.
Land doesn’t just appreciate by sitting there. It appreciates when something valuable is happening around it.
- For estate lands, when developers fail to put the basic infrastructure in place, that estate remains unattractive for buyers to start developing their plots.
Time alone doesn’t make land valuable.
So, when next you want to buy any land, look out for these things and be assured that your investment will appreciate in its due time.
1 year ago | [YT] | 0
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