Investment Property in Abuja

Investment Real Estate in Abuja

Investment Property in Abuja
Investment Property in Abuja

Abuja 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 Abuja .

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Search Map of Abuja Investment Real Estate

Abuja () is the capital and eighth most populous city of Nigeria. Located in the centre of the country within the Federal Capital Territory (FCT), it is a planned city built mainly in the 1980s. It replaced Lagos, the country’s most populous city, as the capital on 12 December 1991.

Abuja’s geography is defined by Aso Rock, a 400-metre (1,300 ft) monolith left by water erosion. The Presidential Complex, National Assembly, Supreme Court and much of the city extend to the south of the rock. Zuma Rock, a 792-metre (2,598 ft) monolith, lies just north of the city on the expressway to Kaduna.

At the 2006 census, the city of Abuja had a population of 776,298 making it one of the ten most populous cities in Nigeria (placing eighth as of 2006). According to the United Nations, Abuja grew by 139.7% between 2000 and 2010, making it the fastest growing city in the world.
As of 2015, the city is experiencing an annual growth of at least 35%, retaining its position as the fastest-growing city on the African continent and one of the fastest-growing in the world. As of 2016, the metropolitan area of Abuja is estimated at six million persons, placing it behind only Lagos as the most populous metro area in Nigeria.

Major religious sites include the Nigerian National Mosque and the Nigerian National Christian Centre. The city is served by the Nnamdi Azikiwe International Airport. Abuja is known for being one of the few purpose-built capital cities in Africa, as well as being one of the wealthiest.

Abuja is Nigeria’s administrative and political capital. It is also a key capital on the African continent due to Nigeria’s geo-political influence in regional affairs. Abuja is also a conference centre and hosts various meetings annually, such as the 2003 Commonwealth Heads of Government meeting and the 2014 World Economic Forum (Africa) meetings.

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The financial stability of Abuja 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 Abuja

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

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

  • Set goals based on how much rental yield will be required and the local rental yield rates in Abuja and be prepared to change your initial outlook.
  • Thoroughly research the Abuja location with a special emphasis on fringe areas outside the main Abuja metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Abuja.
  • Ensure that your target investment property in Abuja 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 Abuja properties yourself is an easy option, but are these savings justifiable when you run into Abuja red tape? Physis Realty Abuja office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Abuja buy-to-rent sector.

With our expert guidance, investing in Abuja provides the secure knowledge that your money is working harder than it would in a local Abuja 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 Abuja, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Abuja property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Abuja

Flipping property in Abuja

Flipping property is when we advise clients to buy a Abuja 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 Abuja market has a time to react to the renovation.

The Flipping Strategy in Abuja

Investment property flipping in Abuja 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 Abuja real estate investments are sometimes referred to by professionals as ‘distressed’ Abuja real estate.

What is distressed Abuja property:

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

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

Calculate profit that you make from Abuja investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Abuja

For luxury property investors hoping to add a superb property in Abuja 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 Abuja, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Abuja should be entrusted to only the highest-quality agency.

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