09/10/2017
*Paul Adefarasin on the Value of Real Estate Investment*
One of the best places to buy land in the whole world, in fact the best place to buy land in the whole world, in terms of value is right here in Lagos Nigeria. The most expensive land in the world is right here in Ikoyi and Banana Island...
Thatās not conjecture, thatās fact, economic fact. Lagos is growing by 6000 people daily, that is nearly 2 million people every year. It means Land is becoming scarce, that is, if you buy land today, tomorrow your land will be worth very much money.
You may not be able to afford Banana Island or Ikoyi right now, but please go and buy land in the new Lagos which is ibeju lekki quickly because God transfers wealth by giving you land.
After a period of time after youāve bought the land, He increases the value of the land, because you being on that land adds value to it, as a result, more people want to come.
Anytime there is a major wealth transfer in the Bible, He gives the people Heās transferring wealth to, land. You have nothing in terrestrial terms unless you have land.
My father bought land for something like £2000, nearly 50 years ago on Victoria Island. It was federal government or Lagos state government allocation on Akin Adesola.
From the revenue he generated from building the house for free, because G-Cappa built it for him for free and collected the rent for 5-10 years and that was the payment for the house. That house or the two houses he built there paid my education and my brotherās education in the finest schools in the worldā¦
After it paid for my education and generated revenue, my family decided they were going to liquidate the property and they liquidated it and the value that came to me in my equity was phenomenal, from £2000, 50 years ago. It provided for me nearly the value of a million dollars.
You donāt know what land you buy today for peanuts that will be millions tomorrow for your children to inherit.
With the city that is exploding so massively as far as population is concerned, today we are buying land and there is hardly any land to buy.
Tomorrow weāll be buying floors like they do in New York. What land costs today, floors will cost tomorrow and there will be 100 floors, 50 floors, and 20 floors and if you own the land underneath those floors, you are multiplying wealth for your children.
They will be kissing your photograph whilst youāve been in the grave for 5 generations saying: āOh we bless God for great, great, great, great grandpaā while your bones are rotten in Ikoyi cemetery and your spirit is dancing on streets of Goldā¦
When you get land, it means God is securing your future, because real estate doesnāt just secure today, it secures tomorrow.
My father bought land for nothing and it was not of much value then, but 50years later itās worth billions. What you buy for millions today will be worth billions half a century from now, may be even less with the kind of population explosion that we have. Victoria Island: nobody wanted to buy land there, it was marsh, re-claimed land, but 50years later that property with buildings on it is worth a billion.
We bought for ā¦25 million, 10 years ago; House On the Rock bought just under 10 acres of property on the Lekki Peninsula for our worship site... today, without the brick and mortar on it, that land by the valuers is valued at ā¦3 billion. In other words, weāve created an asset base with 10 years differential of ā¦3 billion with just ā¦25 million. When you put the building on it and is finished and furnished, they told me the value will be at least 10 billion naira today. What about 50 years from now?
⦠Go and buy land and go and buy it quickly because without Land you are not really a power base try get land at ibeju lekki they are good and dry land there (eg) elerangbe people don't really know were it is but the place is going to skyrocket very soon.
For info on how to get a good and dry land at the new Lagos which is ibeju lekki call mr seun Fams property on 07068978725 or WhatsApp us on 08155550041,don't let this year pass u wit out u not getting your landed property.
After this year I pray u don't regret if u don't buy land and keep for the future.