There are generally four basic types of land utilization
in Port Harcourt; they are undeveloped land, recreational land, agricultural
land and urban/suburban land. The values
of these lands are determined by its uses and closeness to the capital city -
Port Harcourt. For the beginning investor, the safest investment is in income
property located within the urban or suburban areas.
Current Statistics reveal that most builders prefer to
developed property at the suburban areas with less than 30 minutes drive to the
city capital. The reason for this trend is because of the low price of land at
the suburban areas.
HIGH DEMAND
PROPERTIES TO INVEST ON, IN PORT HARCOURT
. Rental homes
. Apartment building
. Office building
. Shopping center / store
. Retail and wholesale building
. Hotels
. Warehouses
. Industrial site
. Ceremonial / events center
. Restaurants’
These principles will guide you as you invest in Port
Harcourt real estate; become familiar with the local real estate market, learn
the city growth patterns, its depressed areas, where the path of growth is
likely to extend and how to find genuine properties to buy.
WHERE AND HOW
TO FIND THIS INFORMATION
. Talk to successful real estate agents and lawyers with
estate assets
. Ask the owners of property within the area you wish to
invest
. Ask the state ministry of land and urban development
agency
. Use your common sense and always ask the following
questions; will I like to leave here myself? How fast will the city grow and in
which direction?Is this area growing or declining?
.constantly visits a local property websites to find good
deals. You can use www.riverspropertyexchange.com
to find genuine properties for sale within Port Harcourt, Rivers State. This
website connects hundreds of local agents with property buyers.
Remember, the more you know the more prepared you will be
to invest wisely with good returns.
Written by Nelson Ogbonda CEO
Rivers Property Exchange.com
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