I meant that title metaphorically, contrary to what you might think, Banana Island is not a place which has the most banana-friendly soil. It is rather one of the most expensive and sought-after areas in Lagos State and possibly, in Nigeria.
Located in Lagos, the most populous city in Africa, the area is bound to have lots of people who can afford that type of lifestyle and seek solitude from all the stress that comes with living in Lagos.
Occupying a sand-filled area of almost 1,630,000 square meters and divided into 536 plots, Banana Island got its name from the curvy nature in which it is constructed. Residents here enjoy some of the world’s best utilities such as underground electrical systems and water supply, central sewage system and treatment plants, to name a few.
Why then shouldn’t you consider investing in this uprising real estate? To make you more willing to ‘sow a seed,’ below are points explaining the best features of this Island:
If you are one who appreciates nature, then Banana Island is the place for you. The island is beautifully and carefully constructed in a way that supports nature and brings out the best of it. From the well-nurtured trees to the surrounding sea, the island is truly a sight to behold.
- Night time
Night time in Banana Island is also a sight to behold; it is well lit up. Serving the dual purpose of beautifying the estate and serving as a security measure by curbing acts such as theft, that dark or poorly lit streets could foster.
- Well ventilated environment and top-notch amenities
As stated earlier, Banana Island is one of the best places to live for those who enjoy living in solitude or love to enjoy some silence and take an undisturbed break from the hassles of the city. The fact that it is surrounded by trees and the sea makes it a well-ventilated and peaceful area. The basic amenities available to residents in the area are not your usual amenities, from the good roads to the electricity, the place has quite literally set the standard in estate housing in Nigeria.
Due to the calibre of people living there and the amount the houses go for, the security there is top notch. It is well guarded to prevent people who aren’t residents going in and leaving willy-nilly. It is the perfect getaway.
- Still undergoing construction
Although the area has surpassed the level of any other estate in the country, it is still undergoing construction, making new properties available overtime. Think of how it will eventually turn out when completed.
- Guaranteed returns
If you intend to become a property broker by trading properties in Banana Island, you are well on your way to making it, with decent agency fees to be earned. This is made possible by the fact that there is a rush by individuals to secure properties in the area thus tipping the scales and making the law of demand set in… the higher the demand, the higher the price. While exorbitant now, it is still better to purchase properties in the area before it becomes even higher.
Banana Island is the place for celebrities and the wealthy, with houses there going for as high One Billion Naira, who says you can’t join this team of elites? All it takes is to be smart about your investments, make the choices you think are right (after conducting necessary research), and seize opportunities when they present themselves to you. Do this, and you are well on your way there.