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.
Reasons to invest in Abuja property
Abuja is one of the fastest growing cities in the world
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.
Abuja is still unfinished
Less than 50% of Abuja’s districts have been developed. Hence the majority of the city is still green virgin land. Having said this, development is happening at increasing speeds. 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.
Plenty of undeveloped land
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.
Rising property prices
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.
Property finance is available
There has been an Increased focus on mortgages and payment plans, especially with new construction homes. 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. Application for mortgages used to take years but now you can get an answer in months.
Real estate protects against inflation
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.
Property investment incentives
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.
How to invest
When it comes to profitable property investment, Abuja is a great location. You just need to know the simple steps needed to ensure you make a sound investment. To start with, you can have a look at our best areas to buy land article or our land buying guide.
Villa Afrika can help guide you through the whole process from identifying the best neighborhoods in Abuja, to getting you the best deals and doing the paperwork. Get in touch today: +234 708 500 8039.
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