Abeokuta, as a rapidly growing city, is experiencing a dynamic real estate market.
Several factors influencing the trends include 👇
Increased Demand: The city's proximity to Lagos, coupled with its relatively lower cost of living, is driving a significant influx of residents and businesses.
This increased demand is pushing property prices upward.
Infrastructure Development: Ongoing infrastructural improvements, such as road networks, utilities, and public transportation, are enhancing the city's appeal and attracting investors.
Affordability: Compared to Lagos, Abeokuta offers more affordable housing options, making it attractive to middle-income earners seeking decent accommodation.
Growth Corridors: Specific areas within Abeokuta are witnessing accelerated development, such as along major roads and around commercial hubs.
Land Appreciation: The value of land is steadily increasing, making it a lucrative investment for both short and long-term returns.
Popular Property Types In Abeokuta are 👇
Residential: Houses (duplexes, bungalows, and detached), apartments, and flats are in high demand due to population growth.
Commercial: Shops, offices, and warehouses are being sought after as the city's commercial activities expand.
Land: Investment in land is seen as a secure and potentially profitable venture.
Did you see where IREDE CITY comes in?
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It is dry, accessible, can be used for agricultural returns now and later for residential and commercial purposes, surrounded by notable landmarks, affordable and can serve to diversify one's investment.
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