Investment Property in Kano

Investment Real Estate in Kano

Kano 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 Kano .

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Search Map of Kano Investment Real Estate

Kano (Ajami: كانو) is the capital city of Kano State, which is the most populous Nigerian state located in the North West zone. The city has been a major human settlement for millennia. It is the second most populous city by population within city limits, with over four million citizens in 5,700 km² (2,200 sq mi). It is the traditional state of the two-centuries old Dabo dynasty who since the 19th century have remained the traditional rulers of the city-state until the Battle of Kano when the city was absorbed into the British Empire. Kano Emirate Council is the current traditional institution inside the city boundaries of Kano, and under the authority of the Government of Kano State.

The city located in the Sahel, south of the Sahara, is one of the medieval Hausa seven kingdoms and the principal inhabitants of the city are the Hausa people. Centuries before British colonization, Kano was strongly cosmopolitan with settled populations of Arab, Kanuri, Berber and Fula and remains so with the Hausa language spoken as a lingua-franca by over 70 million speakers in the region. Islam arrived the city in the 11th century or earlier primarily through the trans-Saharan trade and as a result became wealthy and the commercial nerve centre of the region and Northern Nigeria, and is still associated as the “centre of commerce”.

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The financial stability of Kano 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 Kano

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

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

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

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

Flipping Investment Property in Kano

Flipping property in Kano

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

The Flipping Strategy in Kano

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

What is distressed Kano property:

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

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

Calculate profit that you make from Kano investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Kano

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

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