Various factors make your real estate investment viable in the capital city of Delta State, Asaba. These include;
The ongoing Asaba Waterfront City development
This project is expected to boost property values.
The Asaba Waterfront City project is a public-private partnership venture for the development of a city along the Niger River. The project is owned by a consortium consisting of the Delta State Government (15%), Asaba Communities (5%), and Private Investors (80%). The development includes the construction of a six-lane road, high-end residential and commercial properties, a marina, parks, a boardwalk, and other amenities. The project has received government approval and funding of N1.1bn has been earmarked for its development. The Asaba Waterfront City project is still in progress and ongoing work includes dredging and the construction of the six-lane road.
The Availability of Affordable Land for Sale
Land for sale in Asaba is relatively affordable, with prices ranging from 1.5 million Naira to 150 million Naira depending on location, size, and other factors. Some of our listings are affordable, and we offer payment plans from 3 to 12 months and financing options to make it easier for you to invest in land in Asaba. However, it is important to note that affordability is subjective and dependent on individual financial situations and budgets.
The Growing Population and Demand for Housing in Asaba
There is evidence to suggest that the growing population in Asaba, Nigeria, has resulted in an increased demand for housing. This demand is driven by the need for comfortable and affordable housing options as well as goods and services to support the growing population. A growing economy typically leads to an increased demand for housing and other resources, which further supports the idea that population growth is driving demand for housing in Asaba.
The Presence of Real Estate Companies Operating in Asaba indicates a vibrant market.
There is increased demand for houses due to the growing population and urbanization of the city. This has attracted real estate developers into the city making it a vibrant market by providing you with service plots to build residential and commercial rental properties. As Asaba is becoming a commercial hub and more people move into the city, there is a higher demand for quality housing options. Asaba boasts of good road networks, access to the River Niger, and proximity to the airport, which makes it an attractive location for real estate developers.
The Potential for Rental Income and Value Appreciation Over Time.
Real estate investment in Asaba has the potential for both rental income and property value appreciation. Investing in residential real estate in Asaba can provide a steady stream of rental income and potential capital appreciation. Owning a rental property in Asaba could afford you a sense of security because of your property’s ability to increase in value over time. It is important to note that inflation could increase your property value and your rental income tends to increase as well. More money for you my smart investor!
The Political Stability and Favorable Business Climate in Asaba.
Being the capital city of Delta state and holding the seat of power, Asaba has a high level of political stability and has infrastructures to to cater business growth. Several infrastructures that support business growth include; Asaba Product Technologies of Railway, Telecommunication, Road infrastructure, Electric Power, and Business Development Depts which support daily life in Asaba. Asaba International Airport recently signed a 30-year concession agreement with the Delta State Government. Asaba Manufacturing Co., Ltd also notes that their products’ technology is supporting daily life in Asaba, and they contribute to the development of social infrastructure.
