7 Best Locations to Own a Property in Anambra as an Investor

Wondering about the best locations to own a property in Anambra as an Investor? Anambra State is nestled in southeastern Nigeria. 

The state has a booming economy funded by business and commerce, strategic location, and expanding infrastructure.

If you are wondering about the best places to invest, we will spotlight seven top locations within the state. 

Each of these areas brings its unique set of advantages so you can align your investment strategy with the specific characteristics and potential of these locales.

Why Invest in Anambra? 

Anambra State remains a prime investment destination in Nigeria. Here are 3 reasons you should key into this state which houses one of Nigeria’s most vibrant commercial hubs.

1. Economic Growth: Anambra’s economy has been expanding steadily, with a GDP growth rate of 7.8% in 2023 This rate surpasses the national average. 
2. Urbanization and Demand: Anambra’s capital, Awka, continues to experience rapid urbanization. According to the National Population Commission, Awka’s population has grown by 4.5% annually, increasing the demand for both residential and commercial properties.
3. Business Environment: Onitsha in Anambra is popular for its vibrant market and commercial activities. It remains one of the largest trading hubs in West Africa. The city’s market, Onitsha Main Market, is among the largest in the region, drawing significant business traffic.

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7 Best Locations to Own Property in Anambra as an Investor

There are several locations ripe for real estate investment in Anambra state. Awka and Onitsha are not the only prime locations to grab. You can start now to take advantage of even the lesser-known places to one a property in Anambra.

1. Awka

Awka, the capital city of Anambra, is a top choice for property investors. The city’s status as an administrative and commercial hub makes it attractive for residential and commercial properties. With major institutions like Nnamdi Azikiwe University and various government offices, demand for real estate is consistently high. Awka is also witnessing infrastructural development, with new roads and modern facilities enhancing its appeal.

2. Onitsha

Onitsha is one of the largest and most bustling commercial cities in Nigeria. It is known for its vast markets, including the Onitsha Main Market, the largest in West Africa. Investing in property here, especially in commercial spaces, can yield significant returns due to the city’s constant flow of business activities. 

The Second Niger Bridge for instance connects Asaba on the west bank and Onitsha on the east bank. It is a key part of the road network linking Lagos to Mombasa in Kenya and serves as a major east-west route within Nigeria.

This new Second Niger Bridge is part of a planned motorway ring and was designed to ease traffic on the old bridge and improve overall regional connectivity.

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3. Nnewi

Nnewi was referred to as the “Japan of Africa,” for obvious reasons. This town is the second-largest urban area in Anambra State and remains a key player in Nigeria’s industrial and commercial sectors. It’s one of the best locations in Anambra to own a property if you want a fast return on investment.

Nnewi is a bustling hub of industry, housing major companies like the Innoson Group, Cutix, and the Ibeto Group of Companies. This vibrant industrial scene not only drives the local economy but also makes Nnewi a compelling location for real estate investment.

The town now dominates Nigeria’s motor parts trade. This concentration of industrial activity has spurred rapid development and increased demand for residential and commercial properties.

For investors, Nnewi offers a unique opportunity as a standout choice in Anambra. That’s if you are a savvy investor.

4. Oba

Oba is a prime location for real estate investment, thanks to its strategic position along the Onitsha-Owerri Expressway. This major roadway connects Oba to key cities like Onitsha and Owerri. This advantage makes it easily accessible for residents and businesses alike.

Investors are particularly drawn to Oba for its luxurious living spaces and well-designed road networks. Additionally, Oba’s proximity to significant landmarks like the International Electrical Market and the Metallurgical School adds to its attractiveness. These landmarks not only enhance the town’s appeal but also contribute to its economic vibrancy. Oba is an ideal spot for investment.

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5. Ekwulobia

Ekwulobia is known for its lively community and expanding infrastructure. The growth of Ekwulobia is as a result of its role as a key gateway to various parts of Anambra, linking residents and businesses to the broader region.

The town’s development is marked by a mix of residential and commercial properties. Ongoing infrastructure improvements and the establishment of new facilities are enhancing Ekwulobia’s appeal. As the town continues to develop, it promises huge potential for investors looking to capitalize on its expanding market.

6. Amansea

Amansea is situated near Awka and is a tranquil locality renowned for its serene environment and appealing residential options. The town offers a peaceful retreat while still being conveniently close to the capital city of Awka. 

Amansea’s focus on residential development makes it an excellent choice for families and individuals looking for a calm environment without straying too far from urban amenities.

For investors, Amansea presents a unique opportunity to engage in residential real estate in a peaceful setting. 

7. Obosi

Obosi is another promising location, particularly for those interested in residential properties. Situated off the Onitsha-Owerri expressway, Obosi is easily accessible and offers a range of housing options. 

The expressway facilitates efficient travel and transportation of goods, which is beneficial for businesses and residents alike. This accessibility also makes Obosi a practical choice for people commuting to nearby urban centers.

Also Read: How to Know a Good Land to Buy for Investment

Conclusion

To wrap it up, Anambra State is an excellent choice for anyone looking to invest in property. With its mix of busy commercial cities and quiet residential areas, there’s something for you. 

From the lively markets in Onitsha to the calm surroundings in Amansea, each area has its advantages.

As we’ve explored, each of the seven locations highlighted—Awka, Onitsha, Nnewi, Oba, Ekwulobia, Amansea, and Obosi—has its distinct advantages. To add to this list of the best locations to own a property in Anambra is Umuneri. This is because of the new airport sited in Umuneri.

When you invest in the right location, you can take advantage of Anambra’s growth and make a great return on your investment.

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