Investment Property in Nekemte

Investment Real Estate in Nekemte

Nekemte property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Nekemte .

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Search Map of Nekemte Investment Real Estate

Nekemte (Oromo: Naqamtee; Amharic: ነቀምት, romanized: Näḳämt), also called Nakamti, is a market town and separate woreda in western Ethiopia. Located in the East Welega Zone of the Oromia Region, Nekemte has a latitude and longitude of9°5′N 36°33′E / 9.083°N 36.550°E / 9.083; 36.550 and an elevation of 2,088 meters.

Nekemte was the capital of the former East welega, and is home to a museum of machaa Oromo culture. It is a burial place of Onesimos Nesib, a famous Oromo who translated the Bible to Oromo Language for the first time, in collaboration with Aster Ganno. It is also the seat of an Apostolic Vicariate of the Roman Catholic Church. Nekemte is host city to the newly built Wollega University as of 2007. It is served by an airport that is not currently open to commercial flights.

Nekemte is at the center of the road network for south-western Ethiopia. The first major road dates to the early 1930s, with a road that extended from the capital Addis Ababa west through Addis Alem, although the road was passable only by lorries for the 255 kilometers between Addis Alem and Nekemte. A road connecting Nekemte to Gimbi, 110 kilometers in length, was part of the first stage of the Third Highway Program in 1963. Postal service for this city has been present as early as 1923. A branch of the Ethiopian Electric Light and Power Authority began providing electricity to the city by 1960. By 1957, phone service extended to the city.

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The financial stability of Nekemte has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Nekemte

Renting out your Nekemte buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Nekemte are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Nekemte and be prepared to change your initial outlook.
Thoroughly research the Nekemte location with a special emphasis on fringe areas outside the main Nekemte metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Nekemte.
Ensure that your target investment property in Nekemte appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Nekemte properties yourself is an easy option, but are these savings justifiable when you run into Nekemte red tape? Physis Realty Nekemte office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Nekemte buy-to-rent sector.

With our expert guidance, investing in Nekemte provides the secure knowledge that your money is working harder than it would in a local Nekemte bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Nekemte, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Nekemte property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Nekemte

Flipping property in Nekemte

Flipping property is when we advise clients to buy a Nekemte property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Nekemte market has a time to react to the renovation.

The Flipping Strategy in Nekemte

Investment property flipping in Nekemte is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Nekemte real estate investments are sometimes referred to by professionals as ‘distressed’ Nekemte real estate.

What is distressed Nekemte property:

Nekemte property in need of renovation
Nekemte real estate with a change of purpose and use
Oversold Nekemte property
Bank repossessions in Nekemte

Put simply, long term investors in Nekemte purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Nekemte investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Nekemte property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Nekemte use a minimum profit value of 22% when looking at potential Nekemte projects. The reason for this is because there are lots that can go wrong in Nekemte property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Nekemte

For luxury property investors hoping to add a superb property in Nekemte to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Nekemte, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Nekemte should be entrusted to only the highest-quality agency.

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