Why You Must Buy A Realestate Investment in Owerri Now

Do You Own Realestate in Owerri yet? Have you purchased a piece of Realestate in Owerri yet?

If not, Why?
But If Not Now, So When?
And If not here in Owerri, Then Where?

So what are the Benefits of Investing in Realestate in Owerri, Imo State Nigeria?
here are 12 reasons why you have to invest in Owerri Realestate ASAP

1. WELCOMING CITY:

Owerri is a city that welcomes multicultural and multinationals and opens its arms to people of attributes and personalities. In Owerri, there is always a place you can fit in be you Hausa, Yoruba, Calabar, Edo, Rivers etc. you can live and work in Owerri and people don’t even know of bother where you from. In-fact, so many stranger living in Owerri just dont wish to go back.

2. GROWTH:

Owerri is growing very fast and developing with lots of investment opportunities, lots of businesses, schools and realestate developments. another interesting thing about Owerri is the easy Road Network and connectivity which also applies to the fast growth and development spreading across all axis on the City. it is pretty easy. an example is, when you drive from control to World Bank, you thing that is more developed, then you go further towards Umuguma, then you begin to see massive Shopping Plazas standing tall and already rented and occupied with businesses, then you think its over, you go down to Akwakuma and Ohii after Federal Medical Center Owerri and you see how open that place is. You go further to Irete, Ogbaku, Orogwe and you ask if there is no village in Owerri? shall we talk about down Port harcourt Road down to Avu, Obinze, Offorola, Okuku, Obosima all with speedy Developments and good road navigations and alo very broad roads though not tared. we hope the Government will help do something abut our roads.

3. HIGH CAPITAL APPRECIATION:

In recent times Owerri has shown that realestate investment gives high capital appreciations with the volume of rent transactions carried out most recently.
there is more demands than there are property supply, yet we have loads of uncompleted buildings littered all over Owerri.  this less supply and high demand drives the imbalance in property prices where almost every landlord raises there property price just to make more money without caring who can afford it. don’t be that Landlord ok?

4. TRANSGRESSION FROM CITY OF HOTELS TO REALESTATE:

Owerri is no more just that City of Hotels and Bars you used to hear of, it has now shown to be a City of Real-estate developments going by the high demands for residential and commercial properties from both buyers and tenants. many abroad now choose to rent an apartment and furnish it so they can have a comfortable place to live anytime they visit Nigeria rather spend money in Hotels. the you have the diversity of businesses both old and new businesses pumping into town making it a now very buzzling city.

5. INVESTMENT FRIENDLY:

Owerri is an investment friendly environment with the Government now open to welcoming investors and ready to offer its support to investors where necessary. The Govt and Financial Industries are open to support both small and large businesses. You also have so many thriving businesses within Owerri making huge income daily while some people out there are being deceived by the false news spread all over the media portraying Owerri as ghost city. well, keep listening, before you say Jack-Robinson you might not be able to afford a property in the location you always desired.
wake Up Now and start buying properties in Owerri before its late.

6. INVESTMENT OPPORTUNITIES:

Owerri offers great investment opportunities in every area of its surrounding and for any kind of investment. be it residential or commercial property, industries, factories, real-estate developments and Land investment sales, Owerri is a place to start. Get In The Game bro/sis.

7. MAKING MORE FROM YOUR INVESTMENT:

You can make twice as much from your investment in Owerri than you make elsewhere because the rental prices in Owerri are seeming high for probably reasons you cant phantom and prices are not much different to what you get in the Lagos, the fact is, the cost of buying a plot of land and developing a property in Lagos is way much higher than Owerri.

I sight Ikota Villa Estate Lekki Lagos as an Example, because that is where I did lots of Realestate transactions and marketing when I had my realestate office in Ikota Shopping Complex.

Now, In Ikota Villa Estate a plot of Land measuring 600sqm to 800sqm is selling for up to 90 million – 150 million Naira,
while in Royal Gardens Estate Area UA in Owerri, a plot of Land measuring 800sqm is selling for 70 million – 100 million Naira.

However, in Ikota Villa Estate and almost all Lagos Island you would have to spend over 5 million – 10 million Naira just to sand fill the water-logged Plot before you can start building.
BUT in Area UA Owerri and almost all Owerri generally you don’t need to do a single sand-filling because there are rarely any waterlogged area so all you do is you just buy and start building.

Now after all this buzzle then lets run a brief comparison on the rental prices of both places;
The rental price of a 3 bedroom apartment in Ikota Villa Estate Lagos rents between 2million – 2.8million Naira.
While the rental price for a 3 bedroom apartment in Area UA Owerri rents for about the same 2million naira to 3m.

So you can see the difference and benefits and the ease in construction and the peace of mind you’ll have even after building you won’t worry about uuuummmm!! your property being demolished or destroyed some day.

8. GETTING EXCITING ROI:

You can get 10% ROI (Return On Investment) from your residential or commercial property anywhere within Owerri and it’s environs when you build a property of standard. and if you know what to do with your residential property (which I will write about in another blog) then you can get even over 15% – 20% ROI from your property. Happy Days right??

9. TENANTS AVAILABILITY:

Tenants are always available to rent (If you hand your property to the right Agents like MC CAPITAL Properties to help you manage it) so long as you build something standard, people will pay even more for a well finished quality home. people can pay way more for comfort and a beautiful home.

10. INFLOW OF NEW BUSINESSES:

A lot of businesses are moving to Owerri and this increases the demand of both residential and commercial properties driving the rental prices to over 7% high at every quarter.
Commercial businesses, retailers, companies, spare-parts dealers, computer gadgets dealers even cooperate businesses include the majority moving from Lagos back to Owerri.
most of those who’s shops where destroyed and those who worry about there shops and businesses being destroyed in the near future. Also those who worry about there investments being ruined are joining the fast wagon to rush down into Owerri for a more stable comfortable investments opportunities. they keep buying Plots of Land, they are renting buildings offices, shops, warehouses etc. and prices keeps going up daily.
what are you waiting for???

11. LESS COMPETITIVE ENVIRONMENT:

Yeah, but “At the moment”, The Realestate/property market in Owerri is not YET so competitive and this gives residential rental investors an edge to make quick money from rentals.
Though by the time it gets competitive all you need to do is upgrade your building development and style and quality and you’ll still remain a top player in the game. dont be left behind ooo.

12. PRICE VALUE:

Rental prices are going higher and competitive with the Lagos / Abuja prices as sited in an example in number 7 (though this depends of the standard and location you build) for those who build quality standard houses and apartments. See the 2nd paragraph in number 7 for more understanding on this.

Extract:
If you build in the heart of Owerri City and build a high-end residential or commercial property then you can set your price (fairly reasonably) and you will get it rented in due time. all you do is to set your price according to the market value of same area and according to the quality of your property, and if your property is much more standard than those around the vicinity then you can increase by 10% to 20% but be open to negotiations.

You don’t need to live in Owerri to make money out of your realestate investment, most landlords base abroad and have a company managing there properties for them and giving them there accurate rental income. We as MC CAPITAL Properties we do that Property Management part very well and we have in our portfolio a good number of residential and commercial properties we manage.

 

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