Oyo State has emerged as one of the top destinations for real estate investment in Nigeria and across Africa. With a surge of developers flocking to the state, it has solidified its position among the top 10 real estate markets on the continent.
Venture Africa's recent report highlights Oyo alongside major cities like Lagos, Abuja, and Port Harcourt, making it a prime choice for property investment. This trend is driven by both local investors seeking secure returns and Nigerians abroad looking to own property back home.
The real estate landscape in Nigeria is evolving with advancements in technology, making property searches more accessible online. This shift has empowered buyers to connect directly with developers, bypassing traditional intermediaries.
Under the leadership of Governor Engr Seyi Makinde, Oyo State has seen a significant boost in real estate activity. His administration's pro-business policies and investments in infrastructure such as roads, electricity, and healthcare have fostered a conducive environment for growth. The development of key facilities like the Lagos Ibadan Railway and Ibadan Airport further enhances the state's appeal.
Leading real estate firms like Fendini Homes, Adron Homes, and Revolution Plus are establishing strong footholds in Oyo State. As Lagos becomes increasingly saturated, developers are turning to Oyo's expansive land availability to build spacious residential and commercial properties.
Unlike the high-density developments in Lagos, Ibadan offers developers the luxury of spacious layouts, allowing for the construction of bungalows, duplexes, and other expansive properties. Areas like Kolapo Ishola, Jericho Hill Estate, and Alalubosa have emerged as hotspots within the city, attracting both developers and homebuyers alike.
Rayfield Gardens City Estate in Ibadan stands out with its innovative blend of residential and commercial spaces. Developed by Fendini Limited in partnership with the Oyo State Government, this estate features a range of housing options from bungalows to duplexes. Its strategic location along the Wofun-Iwo Road Express offers residents easy access to essential amenities like schools, hospitals, and shopping malls.
Mrs. Bukola S, A, the country director of Fendini Limited, emphasizes the enduring value of real estate investment. She notes that property in Oyo State continues to appreciate, making it a secure investment choice with minimal risk.
Rayfield Gardens City Estate exemplifies this commitment to quality and affordability, featuring well-paved roads, solar-powered street lights, and meticulously planned green spaces. Fendini Limited remains dedicated to maintaining high standards and ensuring that their properties remain accessible to all.
