Real estate investment in Ibadan is one of the best decisions you need to start thinking about and plan to start doing it now.
Why this is the best time to start real estate investment in Ibadan. I didn’t grow up in Ibadan and the few days I spent in Ibadan during my childhood and compared to now that I am an adult really showed that Ibadan is coming up in terms of development and a lot has happened.
Ibadan is one of the largest cities in Nigeria. I mean Nigeria now and the third largest in Africa.
This piece is majorly on Ibadan now so don’t let’s argue on it. Thank you very much.
Alright, let’s move on.
According to the UN, the Ibadan population stood at an impressive 2.84m in 2010. Five years after, it will be higher than that.
An investor who’s based in Switzerland has seen one of my adverts online where I was advertising to come to buy land in Ido, Ibadan called to inquire about that particular location
She grew up in Ibadan and knows Ibadan very well. She even has a farm within that suburb, Ido in Ibadan. I remembered my few years in Ibadan. Land in Ido, ibadan was selling for N50,000. She said!
I was like …. Wow! How come you didn’t buy then ma?! I asked.
Well … If had known what it means then maybe I would have tried so hard to buy.
I don’t really want to focus this article on a particular location in Ibadan but if you love real estate, like looking to buy land and resell later in the future, or if you are poor and want to liberate your family foundation away from poverty, then you need to start real estate investment right away.
It may not be in Ibadan. Even if it is in your village. Go and buy now! This is what wealthy men and women do. They won’t tell you much.
Also Read: How to Start Your Real Estate Investment Properties
Real Estate Investment in Ibadan
The ever-growing population of over 160 million people in Nigeria has all classes of market-level from the high-class level to the low-class market level. This makes the property investment in Nigeria very much viable in the market.
According to Wikipedia Ibadan is the third-largest city by population in Nigeria after Lagos and Kano, with a total population of 3,649,000 as of 2021, and over 6 million people within its metropolitan area.
Ibadan is tended to developed over time whether you like it or not because Lagos, as it is right now, is overpopulated and many people had bought land within Ogun state which is also affecting the population of Ogun state too.
With the easy-life-and comfortable settling of lifestyle in Ibadan and innovation coming up from smart dwellers in the city of Ibadan, Ibadan is surely to spring up, and right now that I am writing this piece you need to tap the honey spot of real estate investment in Ibadan before it is too late.
While much will argue about not making money in Ibadan than in Lagos. The lifestyle of Lagos makes you spend all you made in Lagos. So, the money doesn’t leave Lagos at all.
It is not like that in Ibadan.
You will be so comfortable achieving a lot in Ibadan than those who rugged their time and spent much on transport and save money to pay rent in Lagos. I mean they spent their entire life savings for one year and give their Landlord in Lagos for rent.
Your Landlord is getting richer while you’re getting poorer and before you knew what was happening time has gone.
I have seen so many people complain about life in Lagos and later moved permanently to Ibadan or Abeokuta.
Also Read: 4 Places to Buy Cheap Land in Nigeria
Why Real Estate Investment in Ibadan?
Ibadan has two Shoprite outlets in the city and including the largest Shoprite mall in West Africa. Also, Flour Mills made Ibadan its biggest palm oil refinery. The well-known Domino Pizza has two outlets. Smile Communication which is owned by a South Africa company started in Ibadan. Just to mention few things happening in the city of Ibadan.
New locations good for real estate investment are springing up in Ibadan. Take a look at the Light rail of about 30km within the city which was signed with then-Governor Ajimobi in the year 2015.
Also, the Agbowo Shopping Complex is set on a new look under the new Oyo state Governor, Engr. Seyi Makinde.
The agriculture sector is also booming in Ibadan. The government is starting a farm estate in nine locations which will be scattered around Oyo state. The first two are already kicked off at Akufo and Eruwa which present good opportunities for you, especially for the manufacturing and processing industries.
Another reason why Real Estate Investment in the City of Ibadan is the Lagos – Ibadan standard Guage Railway, whereby your materials can land at the Lagos Apapa port and be cleared at Ibadan Inland Dry Port which is located at Alabata, Ibadan.
Also, there is a good road in the intra-city road at Moniya-Ijaye-Iseyin, Agodi Gate to Old Ife Road to the Airport, and more.
So many investment happenings in the city of Ibadan. Come take a look and get hooked on the massive development in Ibadan.
If you need an affordable real estate investment with a budget of N250,000 and above per Plot or Acre with a certificate of occupancy (CofO). Fill the form below.
Adeyeye IfeOluwa is a Web Designer & Developer, Digital marketer, Real Estate Consultant, and Writer
Landsprout.com came with a passion to help you achieve wealth in real estate investment and solve the hassle within it.
Don’t forget to connect with me on Facebook, Twitter, Instagram, Linkedin, and Youtube