As a young investor, Abuja is one of the best locations to buy land in Nigeria. The city, strategically located in the heart of the country, has seen consistent upward growth in recent years.
Abuja is the capital city of Nigeria and houses the Aso Vila mansion, which the Nigerian National Assembly, the Supreme Court, and the Presidential Complex surround.
The city also boasts a conducive business environment, which has driven the growth of many businesses and markets, such as the popular Wuse Market and others.
Abuja is one of the best places to buy land for a young investor, and in this article, we will discuss some of the reasons why you should own land in the city.
1. Continuous Population Growth
Population is an important factor to consider before buying a landed property anywhere, not just in Abuja.
Abuja is Nigeria’s federal capital, so it is the seat of power. Since becoming the capital city in 1991, the population has continued to grow. Abuja has remained one of the fastest-developing cities in the world since 2010.
The continued increase in population means that many people are relocating and making the city their home, as well as that the city has something to offer. Owning land in Abuja is a good investment, given the speed of development and increasing population.
Also Read:
- What to Do Before You Purchase Any Property in Abuja
- 10 Frequently Asked Questions By First-Time Real Estate Investors in Abuja
- Deed of Assignment vs. Contract of Sale: What Is the Difference?
2. Massive Appreciation of Land
You may not want to develop the land immediately; therefore, it is important to know how well lands in the location appreciate in value.
With the increasing population, Abuja lands appreciate massively and in a shorter time compared to what is obtainable in other places.
Abuja is a fantastic location for land banking. You can simply buy the land and keep it, and you are sure to see value growth in a few months or years. Abuja is constantly undergoing development, making almost every part of the city a worthy location to acquire land.
3. Security
Security is another important factor to consider before purchasing land in a particular area. Ensure you get your property in safe areas.
As the federal capital territory of Nigeria, Abuja is heavily protected due to the presence of the national organization. Whether you want to buy land and keep or develop it, security is guaranteed. As a young investor who wants a secured location to bank lands, Abuja is a great location. Only ensure you acquire from a genuine company to ensure the authenticity and genuineness of the land.
4. Constant Development
Abuja has always been developing. It is one of the cities designed with the future in mind. From the roads, housing, and technology applications, you can tell Abuja is intentionally developing.
Abuja is one of the cities in Nigeria that can boast of having the best essential amenities. Abuja has some of the country’s best schools, healthcare systems, and so on. Some of the best hospitals are in the city.
If you buy land in Abuja and later want to develop it, whether for personal residence, rental, or business, you will make the best decision because the city is suitable for life in general.
5. Abuja is Generally a Beautiful City
Abuja is not only beautiful and ideal for buying land because it is the capital city of Nigeria but also because the city is highly endowed. The city have natural with beautiful landscapes, hills such as the Aso Rock, a serene environment, rivers such as the Gwagwalada and Usmanu rivers, and a great weather.Â
It has beautiful natural parks and zoos. The people of Abuja are friendly and accommodating, resulting in the peaceful coexistence of people from different walks of life.
Measures You Should Take Before Getting Land in Abuja
Deciding to own land in the city of Abuja is a wise decision, but like acquiring properties in any other place, there are measures you must take to ensure the authenticity of the land and a smooth purchase experience.
Have a Budget
Having a budget is the first step to owning a land. You shouldn’t leave the market to determine how much you spend. As a young investor, before you buy any land in Abuja, set a budget for yourself.
A budget would help you better manage your resources and maximize opportunities. Your budget should determine the size and locations you want to own land in. It will also help you to avoid agents who are only there for the commission they will get.Â
Have Locations
Depending on your plans for the land, which can be immediate or future plans, you should have locations in Abuja where you want to buy your land.
Indeed, Abuja is generally developing, but the fact remains that each area has what it is best suited for. Having locations would help you narrow down your search and get the best value for your money even when you have hired the service of a real estate company.
Use a Real Estate Company
When purchasing land in Abuja, it is advisable you use a real estate company, especially if you are a young investor. Using a real estate company will save you from unnecessary stress and help you realize your dream of owning a land.
Most real estate companies have properties they own or under their care, and most of the properties must have been investigated and verified to be genuine.Â
Therefore, endeavor to use a real estate company when purchasing your landed properties in Abuja.
Use a Reputable Real Estate Company
Though it is better to use a real estate state company, you should use just any company. You are solely responsible for ensuring the company’s authenticity.
A genuine real estate company would be registered with the necessary agencies, such as the Ministry of Lands and Development. The business would be registered and have a physical presence.
Check the company’s history and track record. Also, know the personality behind the company.
Conduct Your Due Diligence
A reputable real estate company would carry out our intensive research on the land before purchasing it for you, but you can’t be too careful. Therefore, it is helpful to do your own due diligence outside the company.
Some of the ways to do this are by engaging the locals in the locations where you want to own land and asking questions such as the ownership and history of the lands and their current status. If the land is not customary land, ensure that it is registered with the government and also in a safe area (areas not meant for government use).
This would help you gather necessary information and avoid oversight that might lead to loss of funds or unnecessary stress.
Also Read:
- 7 Real Estate Mistakes You Must Not Make If You Live Abroad
- How Land Scams Work in Abuja
- What You Should Know About The Deed Of Assignment in Abuja
Conclusion
Owning a property in Abuja is one of the best investment decisions you can make as a young investor.
In this article, we discussed some of the reasons purchasing land in Abuja is a beneficial investment. Abuja lands are good for banking and development for any purpose. The city is well planned and secured. Thanks to the presence of critical arms of government in the city.Â
Remember to consult a reputable real estate company and conduct your due diligence to ensure you make the best decision.
Dear young investor, refuse to be a victim of land scam in Abuja when you can buy from a genuine company. Reach out to me on +2348033352126 or click on this phone number to send me a WhatsApp message, +2348033352126
