A straight forward answer to that question is to say that “because it pays”.
A developing city is such as we have within the Lagos/Ogun Mega City Project corridor. That is, from Isheri end (Berger) to Shagamu. It’s a major city that not only offers value, but strong growth as well. That axis is emerging has the fastest growing states boundary corridor in Nigeria. In fact, its population growth will soon pick up like a rocket in another 5years. So also, Jobs will grow at geometric proportions.
The fact is, value cities like these are actually benefiting from the mayhem going on in the bubble cities. There is a huge flow of money moving from the bubble areas to the value areas – from homeowners, individual investors, institutional investors, and operating companies.
This will continue for years to come.
Here is my advise on of how to look beyond the headlines that everyone sees… so you can find the true opportunities that few can see – Focus on value and growth cities.
Remember, real estate is local, yet all markets are connected. Extreme overvalue in certain markets can create extremely attractive undervalued investment opportunities in other markets.
