Epe Land Prices have jumped by over 100% in the past 5 years
Deborah Jesusegun . 4 years ago

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Article Summary: Epe, a neighbourhood in Lagos State, is rapidly growing in popularity due to its proximity to Lekki Phase 1 and infrastructure development. The state government's creation of a free trade zone in Epe is a major driver of this growth, offering tax-free operations among other benefits. Land prices have increased significantly over the last 5 years as a result.
Epe is one of the fastest-growing neighborhoods in Lagos State in terms of land price. This region has grown in popularity amongst land agents in Lagos State, who commonly refer to it as an upcoming hub of Lagos State.
The area is situated next to the Ibeju Lekki axis, and is up to 67 km away from Lekki Phase 1, a prime area in Lagos State. Despite the length in distance from Lekki Phase 1, these two areas are connected by a major road known as the Lekki-Epe Expressway. Epe also shares a border with the Ijebu-Ode area in Ogun State.
Overall, land prices in the area have been growing at an incredibly fast rate in the last 5 years.
One of the major causes of this new shift and focus to this area is the location of some pivotal projects and infrastructures pushed by the State government. These include the new Lekki Free Trade Zone area located in the heart of Epe. The zone is set to have benefits for organizations, such as tax-free operations, amongst others.
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