3 Key Factors That Increase Property Value - And How You Can Profit from It.

Many people don’t understand how fast land prices rise over time. In economics, we learn that land is a valuable asset, but what makes a piece of land in a quiet area suddenly worth millions of Naira?

Property values increase due to several factors, but three (3) key elements play a major role. Whether you are an investor or first time home owner, paying attention to these factors will help you make the right decision in good time.

1. Development – The Game Changer

Development is the biggest driver of property value. When new projects such as roads, estates, business infrastructurets or government projects are introduced in an environment, property prices in that neighbourhood increase. These developments transforms an area overnight.

For example, Ibeju-Lekki in Lagos was once considered remote, but with developments like the Dangote Refinery, Lekki Deep Seaport, and the Free Trade Zone, land prices rose from as low as ?500,000 in 2015 jumped to over ?20 million in 2024 and its still rising.

What to do:

• Research upcoming projects before buying that property.
• Choose areas with planned developments, not just already developed ones.
• Look out for new roads, business districts, or industrial hubs—these create demand.

Act Now: Check out verified properties in fast developing areas with major developments ongoing/underway.

2. Currency and Inflation – Protect Your Wealth

Even when the Naira was stable, property prices still increased. But with inflation and currency depreciation, real estate is one of the strongest and safest way to store wealth.

Between 2020 and 2024, the Naira lost over 150% of its value, yet land in prime areas appreciated by more than 300%.

If you had ?10 million in savings in 2020, it would be worth much less today. But if you had invested that money in real estate in a developing area, its value would have more than tripled.

What to do:

• Instead of keeping large amounts of cash, invest in Real estate.
• Buy property in areas where demand is growing faster than supply.
• Think long-term—real estate is a hedge against inflation.

Don’t Wait, Buy Now:

Convert your money into high-appreciation property instead of letting inflation reduce its value.

Want access to properties with high potential for future value, Click to discuss what fits your budget.

3. Time – The Wealth Builder

The best time to buy was yesterday, the next best time is now. In real estate, the longer you hold a property, the more it appreciates.

Land is limited, but the population keeps increasing, creating higher demand.

For example, land in Ajah sold for around ?2.5 million in 2014. Today, the same land is worth over ?50 million. The longer you wait, the more expensive it becomes.

What to do:

• Don’t delay—buying earlier saves you money.
• Understand that long-term investments bring higher returns.
• Even if you’re not ready to build, securing a land now pegs today's lower price.

Take Advantage Now:

Property prices will keep increasing. Get in before they become unaffordable.

View affordable land options in good locations that will yield high returns over time.

Conclusion

Real estate rewards those who invest early. Whether you’re considering land or house investment in strategic locations, keep an eye on development, currency trends, and time.

In 2022, Mr. D purchased a 2 bedroom terrace in Okun Ajah for ?25 million. Today, that same property is worth ?85 million.

This is a perfect example of how development, inflation, and time work together to increase property value.

These three(3) factors work together to influence your ROI-Return On Investment