Hey, partner!
How are you doing today? I hope you are well. But really, how are you coping with the current state of the economy and naira devaluation? Well, we will survive it.
Speaking of survival, let me share a tip for coping with the naira devaluation – LAND BANKING!
Yes, that’s right, land banking. Land banking, in a nutshell, is acquiring and holding onto land to realize increased value over time. It is a strategic investment approach employed by individuals and organizations to capitalize on the potential appreciation of land prices in the future. Often, the return on investment ranges from 60% -100% of the initial purchase price or more. Land banking is the safest way to protect your money against naira devaluation.Take, for example, the. 10 hectares that the Rock Cathedral is sitting on at Lekki Phase 2 was bought for N25 million and after 10 years was valued for N3 billion. Just imagine the price now.
The good thing is, getting into land banking isn’t hard at all. It involves just four steps:
1. Acquisition: Purchase a piece of land in an area that is expected to experience growth and development in the future
.2. Holding period: Hold on to the land for an extended period, which could range from a few years to decades.
3. Value appreciation: This is the primary goal of land banking, to benefit from the appreciation of land value over time.
4. Development or Sale: Here you decide what you want to do with the property, either you sell it or develop it. Whatever you decide is up to you.
It’s important to know that land banking requires careful research and due diligence. At SED Properties Limited, our team of experts conducts thorough research and due diligence on all our properties before purchase, ensuring they are suitable for land banking.
Remember, SED Properties Limited is always ready to assist you with all your real estate needs. So, feel free to reach out to us by replying to this email.
Cheers!