Top 10 States To Invest in Real Estate in Nigeria
What are the best states to invest in real estate in Nigeria? There are many states in Nigeria but only a few of them are capable of yielding high-interest rates when it comes to real estate investment. Therefore, this article aims to inform you about the best states to invest in real estate in Nigeria.
Before you can say a state is booming in real estate or has a lot of real estate investment opportunities, you need to consider many things. Factors like the economic value of the state, infrastructure, social amenities, standard of living, and the levels of industrialization in the state must be considered.
Therefore it is important to consider all these in choosing a good location, before investing in real estate. Fortunately, we have done the work for you. Continue reading to find some of the best states to invest in real estate in Nigeria.
The Top Best States To Invest Real Estate in Nigeria
When people ask questions like what is the best state to invest in real estate in Nigeria? Which state is booming in real estate in Nigeria? We answer that it’s important to know that there are many states to invest in real estate in Nigeria. And choosing the best will depend on your financial capital and preferences.
That being said, let’s get down to the list of the best states to invest in real estate in Nigeria.
Lagos State
No doubt, Lagos state remains one of the top states when it comes to commercial activities and economic value. Talk about roads and amenities, residential and industrial buildings, the megacity is standing tall in all these.
Thus Lagos state is one of the best states to invest in real estate in Nigeria capable of yielding good returns. Check out the Top 10 Real Estate Companies in Lagos.
Buying or investing in any residential or commercial estate in Lagos is a win. There are over 20 million people in the state with numerous seaports, hotels, banks, embassies, companies, factories, and so on. It’s only sensible that there will be high demand for accommodation and other forms of real estate properties in this state.
Even though properties in Lagos are extremely expensive, especially around the Island but they are worth it. Places around Lagos Island especially in the Ibeju Lekki area are where you should look out for good profit.
Abuja
Lagos State and the Federal Capital Territory of Nigeria are both similar in terms of real estate investment opportunities. Just that Abuja, the Federal capital is lacking so much in commercial activities. But then, it compensates with a lot of political activity instead.
As popularly known, Abuja is home to numerous politicians, high-class business owners, and business moguls. Owning a real estate property in this state is tantamount to a huge profit or yield.
Although, the lands and other real estate properties here are costly. You should know that the city is blessed with a lot of wealthy, luxurious, and classic properties capable of generating high returns on investment. Furthermore, Abuja is blessed with good roads and facilities as well expensive standard of living.
River State
When it comes to the best state to invest in Real Estate in Nigeria, River state is another state to look out for. Most especially, Port Harcourt seems to be one of the promising cities in the state.
Port Harcourt is filled with a lot of beautiful and elegant structures ranging from industries (especially Petrochemicals) to firms to airports, and refineries among others.
The city’s economic value is good coupled with safety and security. Hence, giving a lot of real estate investment opportunities for investors. Are you looking for States to invest in real estate in Nigeria? You can check out real estate properties in Port Harcourt.
Oyo State
Ever heard of the largest city by Landmass in Nigeria? Ibadan is one of the cities to look out for when it comes to real estate investment opportunities. Thereby putting Oyo state as one of the best states to invest in real estate in Nigeria.
Unlike other cities or states we have mentioned, Oyo state goods and services are quite cheaper. If you are looking for cheap real estate investment opportunities, you should consider Ibadan. It contains a huge number of educated and middle-class citizens as well as expatriates. Some notable places for real estate investment in Ibadan include Iyagan Ku, Agodi GRA, and so on.
Akwa Ibom State
The next on our list of top states to invest in real estate in Nigeria is Akwa Ibom State. Uyo, which is the capital of Akwa Ibom is the main city to look out for in terms of real estate investment opportunities.
It’s a beautiful city filled with different tourist attractions centers, malls, hotels, tertiary institutions, and residential apartments.
Delta State
The list of States to invest in real estate in Nigeria will not be complete without mentioning Delta state, the oil-rich state. Apart from the fact that the numerous petrochemical companies contribute to its economic value, the state has produced a lot of rich comedians and celebrities.
Some notable cities/towns in this state include Asaba, Warri, and so on. Are you looking for the best state to invest in real estate in Nigeria? Check out Asaba or Warri today.
Ogun State
Ogun State is another state to invest in real estate in Nigeria. Notable among cities in this state is Abeokuta, the rock city. Most people who can’t afford to live in Lagos because of its high cost of living seek accommodation here.
In addition to good roads and other amenities, the city is filled with industries, firms, and companies. If you are thinking of investing in states booming in real estate, Abeokuta is a place, to begin with.
Imo State
Have you ever heard of the cool temperature and climate of the Imo state? No wonder many expatriates and strangers from other countries live in this state. Like Delta state, it is also an oil-producing state with a lot of petrochemical industries.
Furthermore, there are a lot of attraction centers that attract both citizens and visitors to the state. Thus, Imo state especially Owerri makes it to our list of top states to invest in real estate in Nigeria
Enugu State
Enugu which is referred to as the coal city is also one of the best states to invest in real estate. Although the standard of living of this state is low compared to others on the list, it compensates with beautiful landscapes, shopping malls, industries, higher institutions, and others.
So, Enugu is a good place to invest in real estate in Nigeria, once you know how to go about it. Real estate investment here are capable of yielding huge rate as a lot of hardworking citizens resides here.
Cross-River State
The last on our list of best states to invest in real estate in Nigeria is the Cross-River state. The state which is located at the corner of the South-South region has Calabar town as its capital. And Calabar is also one of the most booming cities when it comes to commercial activities.
There are beautiful structures in this town with good security and economical value. So, Calabar can be where your next real estate investment opportunity will come from.
Conclusion
As said earlier, there are a lot of best States you can invest in real estate in Nigeria. Choosing the best will depend on your preferences and financial capabilities. We hope you will find our guide helpful in choosing a state to invest in real estate in Nigeria.
