Your choice of property location is one of the most important decisions to make when buying a property.

Every location has its advantages and disadvantages.

Some of the advantages of buying a property in Lekki are:

1. Lekki properties have a very high rate of capital appreciation. The value of a property in Lekki could rise from 70 million naira to 100 million within a few years or even a few months.

2. Great rental income. A property that gives a rental income of 300 thousand naira per annum in Badagry or Ikorodu could fetch you 3 - 7 million naira rental income per annum in Lekki.

3. The Lekki neigbourhood is a highbrow neighbourhood that attracts life-changing contacts. Living in such an environment helps build a network of great friends for you and your kids.

4. A stunning social life. Lekki is home to all sorts of social and recreational centres that will positively impact your mental health.

5. Lekki is also a great business hub. It has a better tendency to reshape the orientation of its residents and boost their income-earning potential.

6. Lekki properties have very good resale value. They are not like some properties in some not-so-good environment you will struggle to resell when you intend to recoup your capital.

7. Beautiful neighbourhood. The environment in itself is highly valuable. Any upgrade of property there has a compound effect on its value.

The disadvantages of buying properties in Lekki are:

1. Lekki properties are very expensive. The costs of buying a house in Lekki might buy 2 or more in some areas on the mainland

2. Traffic. The traffic in Lekki seldom ends.

3. Flood. Lekki sometimes gets flooded during a heavy downpour of rain.

4. Lekki is said to have a high rate of promiscuity/prostitution, which can potentially impact the morals of a child brought up there with inadequate parental control.

5. The cost of living in Lekki is high compared to the mainland.

In conclusion, the pros of buying a property in Lekki outweigh the cons.