The Lekki-Epe Airport is a proposed international airport that is being built in the Lekki-Epe area of Lagos State, Nigeria. The site is located approximately 30 kilometers east of Lagos city center. It is adjacent to the Lekki Free Trade Zone and about 10 kilometers from the Lekki Deep Seaport.
The airport is expected to be completed in 2025 and will have a capacity of 5 million passengers per year.
The construction of the Lekki-Epe Airport is a major development for the real estate market in Lagos. The airport is expected to boost economic activity in the area and create new jobs. It is also expected to drive demand for real estate in the vicinity of the airport.
The Latest News:
In recent months, there have been several exciting developments at the Lekki-Epe Airport. In February 2023, the Lagos State Government announced that it had secured a $1 billion loan from the African Development Bank to finance the construction of the airport.
In April 2023, the government also announced that it had awarded the contract for the construction of the airport to a consortium of Chinese companies.
The construction of the airport is currently underway. The ground-breaking ceremony was held in May 2023 and the first phase of construction is expected to be completed in 2024. The second phase of construction is expected to be completed in 2025.
The Impact on Real Estate
The construction of the Lekki-Epe Airport is expected to have a major impact on the real estate market in Lagos. The airport is expected to boost economic activity in the area and create new jobs. It is also expected to drive demand for real estate in the vicinity of the airport.
A study by the Lagos State Government found that the construction of the Lekki-Epe Airport could increase property values in the area by up to 30%. The study also found that the airport could create up to 100,000 new jobs in the area.
The Lekki-Epe Airport is expected to attract new businesses and investment to the area. This is likely to lead to further development and growth in the real estate market.
The Benefits of Investing Near the Airport
There are several benefits to investing in properties near the Lekki-Epe Airport. These benefits include:
- Proximity to reliable transportation options: The airport will provide a convenient transportation option for residents and businesses in the area. This could make it easier for people to get to work, school, and other destinations.
- Potential rental income from tourists and business travelers: The airport is expected to attract a large number of tourists and business travelers. This could create opportunities for homeowners and investors to generate rental income from their properties.
- Convenience for frequent flyers and international business activities: The airport will make it easier for people to travel to and from Lagos. This could be a major convenience for frequent flyers and businesses that conduct international business.
- Potential for capital appreciation: The value of properties near the airport is expected to appreciate over time. This could make them a good investment for homeowners and investors.
The Future of Real Estate Near the Airport
The future prospects for real estate surrounding the Lekki-Epe Airport are very bright. The airport is expected to boost economic activity in the area and create new jobs. It is also expected to drive demand for real estate in the vicinity of the airport.
The prices of properties in the area are expected to increase in the coming years. There are also a number of upcoming residential projects near the airport area. These projects are expected to create new opportunities for homeowners and investors.
The Lekki-Epe Airport is a major development that is poised to transform the real estate market in Lagos.
If you are considering investing in real estate, then you should consider properties near the Lekki-Epe Airport.
Here are some additional details about the latest news on the Lekki-Epe Airport:
- The airport will be built on a 3,500-hectare site.
- The airport will have two runways, one for domestic flights and one for international flights.
- The airport will also have a cargo terminal.
- The construction of the airport is expected to create 100,000 jobs during the construction phase and 50,000 jobs once the airport is operational.
- The airport is expected to boost economic activity in the area by $1 billion annually.
Conclusion:
The Lekki-Epe Airport is a major development that is poised to transform the real estate market in Lagos. If you are considering investing in real estate, then you should consider properties near the Lekki-Epe Airport.
Crystal Garden City Limited is a real estate company that sells affordable landed properties close to major landmarks within the Ibeju-Lekki/Epe region, including the airport.
We have a wide range of properties to choose from, and our team of experts can help you find the perfect property for your needs.
Contact us today to learn more about our properties and how we can help you invest in the future of Lagos.
Here are some of the benefits of investing in properties from Crystal Garden City Limited:
- We offer affordable prices that are within reach of most budgets.
- Our properties are located in prime locations, close to major landmarks and amenities.
- We have a team of experienced professionals who can help you find the perfect property for your needs.
- We offer flexible payment terms that make it easy to invest in real estate.
We are confident that you will be happy with your investment in a property from Crystal Garden City Limited. Contact us today to learn more