Nigeria comprises of 37 states including FCT. And it is important to note that these states are different in so many ways, and could be regarded as best based on economy value, standard of living and varying level of industrialization. For these reasons, if you want to be a successful real estate investor, you need to know which of these state is best for to invest. Because…
No matter the type of real estate investment you want to venture into in Nigeria, there is one important factor you must put into consideration for successful investment and that factor is Location.
Location play an important role in a successful real estate investment be it residential or commercial real estate, we always want to live and do business in an environment with good road, and social amenities. For these reasons, most people prefer to acquire properties in an existing environment or a location where people are moving to. As it is the wisdom behind all real estate investment, “look at where the people are going and buy the land before they get there”.
For these reason, In this article, we will be looking Top 3 states to invest in real estate in Nigeria 2020 and why you should start investing now.
Top 3 states to invest in real estate in Nigeria 2020
When it comes to real estate investment in Nigeria; whether it is residential real estate or commercial real estate, Lagos state tops the list. As the most populous state in Nigeria, Lagos is usually the most preferred destination for investors as there is a high demand for housing. And also the state is known as Nigeria’s economic and financial hub. The city is reputed to be Africa’s 5th largest economy. There are several seaports, airports, companies, factories, world class hotels, embassies, telecoms and banks. It is the nation’s number one investment destination.
Number two on our list Federal capital territory Abuja. Abuja is the only state Nigeria that can match Lagos state in Wealthy populace, luxurious properties, and to an extent the hustle lifestyle but with so much sanity.
Abuja is a beautiful city with world class infrastructures and being the seat of power, there is government presence and attention. Security is also tight. And also the city has good and wide roads that prevents traffic. So if you want to live in a luxurious city that is free from traffic and have tight security, you should definitely give Abuja a try.
Number 3 on our list is the state that houses most oil firms in the country( River state). The states capital Port Harcourt is Nigeria 3rd most important city with infrastructures such as seaports, airports, refineries, petrochemical plants, oil servicing firms.
Rivers state is the only state in the country that can rival places like Lagos and Abuja in terms of beauty, wealth and structures.
If you are looking for the best places in Nigeria to invest in real estate in Nigeria, You should consider the above mentioned three states because of their population, infrastructure, security and standard of living.
If you would like to start your real estate investment in Nigeria’s mega city – Lagos state with peace of mind, we will glad to help you get started. Just contact us on 08131691155, 09024554979 Or visit our head office Suites 201 & 202 Akord shopping mall bogije, Ibeju-Lekki LGA.