Investment Property in Katsina

Investment Real Estate in Katsina

Investment Property in Katsina
Investment Property in Katsina

Katsina 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 Katsina .

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Search Map of Katsina Investment Real Estate

Katsina is a Local Government Area and the state capital of Katsina State in northern Nigeria. Katsina is located some 260 kilometres (160 mi) east of the city of Sokoto and 135 kilometres (84 mi) northwest of Kano, close to the border with Niger. In 2016, Katsina’s estimated population was 429,000. The city is the centre of an agricultural region producing groundnuts, cotton, hides, millet and guinea corn and also has mills for producing peanut oil and steel. The city is largely Muslim, and the population of the city is mainly from the Fulani ethnic group.

Former Nigerian President Umaru Yar’Adua was a nobleman of Katsina.

The current Governor of Katsina is Aminu Bello Masari, who was sworn in as the executive governor of the state on 29 May 2015, succeeding Barr. Ibrahim Shema.

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The financial stability of Katsina 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 Katsina

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

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

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

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

Flipping Investment Property in Katsina

Flipping property in Katsina

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

The Flipping Strategy in Katsina

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

What is distressed Katsina property:

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

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

Calculate profit that you make from Katsina investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Katsina

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

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