Having A Real Estate Investment in Port Harcourt, Nigeria comes with some special benefits. Practically speaking, Port Harcourt state has been one of the hottest commercial hubs in the country. Port Harcourt remains a dreamland for lots of people and businesses. It shows Port Harcourt is a fertile ground to plant your next investment. And so far, real estate investment is considered, Port Harcourt will always be one of the best areas to consider because of the following reasons
- Ever-growing population:
Rivers is the fifth-largest city in Nigeria after Lagos, Kano, Ibadan and Benin City. As of 2016, the Port Harcourt urban area has an estimated population of 1,865,000 inhabitants, up from 1,382,592 as of 2006.
With this ever-growing population, there would continue to be a huge scarcity of housing. A large demand-supply gap. This need will definitely call for a solution. Having a real estate investment in Port Harcourt today will definitely position you to solve the ever-growing housing needs of the ever-increasing population. You will have a sea of ready-to-buy clients in need of your property. And when demand is high, you’re in charge of the supply price. Selling or renting at your best prices. Who doesn’t like such?
- Business Oriented:
The best way to become rich in real estate is to be positioned in its primary stage` before development/urbanization. Rivers State is a major stakeholder in the newly commercialized & emerging power sector of the economy. People relocate to Port Harcourt on a daily basis. Because of this surge in the population, and the fast-paced rate of development within the state, investors are hugely attracted to invest in the state. Many business organizations – both local and foreign – invest in Port Harcourt Real Estate to set up their offices to commence operations. This is where you come in – if you already have a real estate asset on the ground. Imagine the high demand in need of real estate property.
- Appreciation of Property at A Fast Rate:
With the fast-paced development in Port Harcourt, you can’t overlook having real estate investing within its cities. Development increases the value of your real estate property. Areas like Port Harcourt famed for the fast-paced rate of urbanization will definitely be a gold mine. As the influx of people into the cities rises, it automatically spurs more development. Such development boosts your return of investment (ROI). It means you can easily sell a property you bought at 6million naira, at an increased price of 60 million naira. That’s a 400% ROI.
In Conclusion
Port Harcourt state is on top of the chart of commercial market, and will continue to attract more human population and business investors, speeding up urbanization rate, increasing demand for real estate properties, and appreciating the existing assets. Smart investors will keep reaping the dividends of their investments, with a higher return of investment (ROI) whenever they either rent or sell out. Give it a thought today.
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