What is Land Banking – Real Estate in Nigeria

Land banking is the process of buying pre-developed parcels of land, holding land for a certain period of time for main purpose value appreciation, selling the land in the future for a significant profit.

In other words, land banking is act of purchasing a particular parcels of land identified for likely metropolitan growth ahead of the expected development with main objective to exchange for higher market value.

Land banking is one of the surest means in real estate business of making huge returns on your investment.

It’s a proven business strategy of purchasing expanse of undeveloped land along the path of growth/development and holding on to it until such a time as it is profitable to sell it to others for more than was initially paid.

So many people in the world have built wealth through land banking.

Example are the likes of Ooni of Ife, Oba Ogunwusi (before he became Ooni of Ife), Folorunsho Alakija, Otunba Wale Akinboboye of Lacampagne Tour and Resort, Chief Emmanuel Oyedele Ashamu, George Washington, Donald Trump, and many more.

Successfully banking the land is the process of strategically purchasing, holding, and selling via research, knowledge and access.

Are you looking for one-on-one help as you start, build and improve your land investing business? For a limited time, we have free coaching available.

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