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Where Celebrities Go To Build & Buy Houses
Ibadan, the capital city of Oyo State and one of the biggest cities in Africa is now the new hub of real estate investment. Everyone wants to play in Ibadan real estate sector for several reasons. The city boasts of a population of over three million people. We can say that the city’s real estate market is booming, courtesy of its growing economy, infrastructure development, and strategic location. For investors looking to capitalize on the city’s growth, it’s essential to identify the most promising areas for investment.
Some of these locations are fast growing by the day and if you’re a seasoned investor or a newcomer to the real estate market, this must be some areas or locations you must consider, especially if you want a long term investment. This week, City People brings to you 7 locations in Ibadan that’s fast developing.
ELEBU
Elebu is a growing and developing area that is getting a lot of attention from investors. It is a rapidly growing area, perfect for residential and commercial investment purposes, it’s proximity to the busy Akala Expressway and Oluyole Extension makes it a hotspot as investor’s delight. Some of the reasons why investors are rushing to the Elebu area are : affordability, good layout and essential amenities like supermarkets, hospitals, hotels and recretion centres. It is indeed in high demand for housing and commercial purposes.
OMI-ADIO
Omi Ado, is equally a nice destination in Ibadan for real estate investment. It is located along the Ibadan-Abeokuta Expressway. Omi-Adio is a popular choice for those seeking a peaceful environment. Some of rhe benefits of investing in Omi Adio is that, it has low population density. Omi Adio has affordable cost of living, easy access to Ogun State, growing demand for residential and commercial properties.
AKARAN ONA-ARA
This location is one of the most sought after when it comes to long term investment now in Ibadan, as many businesses have sprung up in that axis. Akaran Ona-Ara is strategically located near the popular Ilaji Hotel and Resort, driving development in the area. The expected influx of visitors to the resort makes it an excellent investment opportunity. Also, some of the benefits of the locations include: affordable land prices, growing tourism industry etc
OLOGUNERU
Ologuneru, is anotber location to consider when you want to buy property in Ibadan. It’s a fast-growing community within the Ido local government area. With many estate properties and development projects, it offers numerous investment opportunities. The benefits of the location include: Serene environment, cheap food prices,
growing demand for residential and commercial development.
MONIYA
Moniya has gained popularity due to the establishment of the railway linking Ibadan to Lagos. The presence of the International Institute of Tropical Agriculture (IITA) and Ibadan radio station (Amuludun FM) add to its allure. The area offers: easy transportation to Lagos, growing demand for residential and commercial properties.
LAMINI APETE
Lamini Apete is a rapidly growing area, home to the popular Life Forte International High School. The area offers: serene environment growing demand for educational institutions residential developments and affordable land prices.
NEW GARAGE IBADAN
New Garage Ibadan is a commercial area with excellent investment opportunities, offering easy access to notable locations in Ibadan. The area is a direct link to many popular places, making it an attractive option for both commercial and residential purposes. Investors stand to enjoy high demand on commercial properties, growing retail industry and affordable land prices
–Isaac Abimbade
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