Investment Property buying in Lagos Nigeria has become the “real deal”. If you are looking to invest your money, investment property buying in Lagos Nigeria is one of the best ways. It is very lucrative and so profitable, that you can get double the amount used in buying the property. The most interesting thing about this business is, it does not discriminate between the “very rich (millionaires, billionaires)” or the “average class. Anyone can invest depending on the amount of money one has in their bank account. To understand and get the full picture of what I am talking about in this article, it is necessary for you to understand what investment property is, and various property classified to be an invested property.

WHAT IS INVESTMENT PROPERTY

Investment property is a property that is usually not occupied by the owner (land or a building), purchased to generate or to earn rentals or capital gain. Simply put, investment property is a process where an individual purchase a property either land or building, not as the resident but to sell or for rent to generate income.

With the definition above, we can see that not all property can be classified as investment property. For proper understanding, I will list examples of investment property and non-investment property (property not classified as investment property)

EXAMPLES OF INVESTMENT PROPERTY

the Vacant building held to be leased or has been leased out under an operating lease.
Land held for long-term capital appreciation (a property held to be eventually be sold at a value several times the value it was bought).
Property that is being constructed or developed for future use as investment property.

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