Monday, 10 April 2017

Why The Value Of Land Increased In Osun

For many who have seen Osun as a state where cheap or almost free land is easily available in the urban centers, they may need to have a rethink, as check around various areas in the state reveals the value of land has increased to around 1000% and 2000% in some cases in the past few years. In Osogbo, the state capital, a hectare of land that sold for N250,000 in 2010, now sells for N5m to N10m, depending on the area. In fact, a plot of land at the Government Reserved Area, GRA Osogbo sells for as high as N30m to N40m. The story is the same in other areas of the state. Areas like Ilesha, Ile-Ife, Ikirun, Iwo among others have seen a sharp increase in the price of land. Similarly, the prices of real estate have also taken a hit.

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