There are many advantages related to investing in real estate in Abuja. In this day and age it’s easier than ever for anyone to invest in real estate. Having said this, it is important that you invest correctly and through the appropriate channels.
A fundamental aspect of real estate is location. The common saying “location, location, location” is probably familiar to many and this cannot be stressed enough. A house or shop can change but location is permanent. When it comes to property location, there is no better place in Nigeria than Abuja.
Abuja, as the capital city of Nigeria, continues to be seen as one of the best places to invest. Nowhere is this more obvious than in the real estate sector. In this post, we will go through a few reasons why it would be wise to invest in Abuja real estate.
Growth means increasing population. Increasing population means further demand for housing as well as goods and services. Further demand means rising real estate value. Rising real estate prices is great news for property investors.
Less than 50% of Abuja’s districts have been developed. Hence the majority of the city is still green virgin land. Development focus has shifted to the outskirts i.e. Abuja phase 3 outwards. Abuja today cannot be compared to the Abuja of 10 years ago.
Given the abundance of undeveloped land. You can invest in almost any kind of real estate you like. Be it residential or commercial. Shops or flats. Schools or shopping centers. The opportunity for investment is almost unlimited.
Real estate prices are almost guaranteed to rise in Abuja as it is the capital of Nigeria. As a result, it is where government activities are focused like Washington DC in the USA or London in England.
There has been an Increased focus on The government has promised to recapitalize various lending institutions and simplify application processes. This will give more people access to the finance needed to become homeowners and thus reduce the nation’s housing deficit ,but now you can get an answer in months.
As the money in circulation increases the value of properties tend to rise, as real estate is often where surplus money is invested. Having some money inside real estate will protect you from inflation and any future currency volatility.
Investing in Abuja and by extension Nigeria is now safer than ever. Fresh government initiatives have created an enabling environment for investment. Also being the federal capital, Abuja is the safest place to live in Nigeria. Here you can find people from across the globe