11/04/2025
Earlier this week, a prospective client
showed interest in buying land in Kuje. I
sent him details of three available properties
in the area, and his immediate response was,
"The price has changed."
Curious, I asked him which property he was
referring to. When he mentioned it, I couldn't
help but laugh 😂 We ended up having a
phone conversation, and he explained that
he had seen me post about that particular
property last year and now the price had
increased.
I said to him,
"Sir, it's only natural. It's nearly
impossible for land in a developing area to
remain the same price over time."
Back then, road construction in Kuje was just
beginning. But now, there are visible signs of
progress, and as we all know, infrastructure
drives up property value. Naturally, as
development continues, property owners
adjust their prices upward to reflect the
rising value of their assets.
When I asked for his budget, it turned out to
be quite low for the specific part of Kuje he
was interested in. He then shared his
concern: he had previously bought a piece
of land outside Abuja, and after over three
years, it still hadn't appreciated. That
experience made him hesitant to invest
again.
I understood his fear, but l advised him that
for a solid return on investment, one must
buy land in areas with ongoing or upcoming
development. That's where growth and value
appreciation happen. And for the location
he's targeting, a budget increase is
necessary to meet market realities.
He understood my point and agreed to work
towards adjusting his budget. I just hope he
acts soon, because at the current pace of
development, prices may rise again soon.
The lesson? Always invest in real estate at
the right time, especially when you see
development on the horizon. Don't wait too
long, the opportunity might not be there
tomorrow.
HAPPY FRIDAY🥰
