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When people ask questions like “What is the best state to invest in real estate in Nigeria?” Which state is booming in real estate in Nigeria? We answer that it’s important to know that there are many states in which to invest in real estate in Nigeria. And choosing the best one will depend on your financial capital and preferences. 

That being said, let’s get down to the list of the best states to invest in real estate in Nigeria.

Lagos State

No doubt, Lagos State remains one of the top states when it comes to commercial activities and economic value. Talk about roads and amenities, residential and industrial buildings, the megacity stands tall in all these. Thus, Lagos State is one of the best states in which to invest in real estate in Nigeria, capable of yielding good returns.

Buying or investing in any residential or commercial estate in Lagos is a win. There are over 20 million people in the state, with numerous seaports, hotels, banks, embassies, companies, factories, and so on. It’s only sensible that there will be a high demand for accommodations and other forms of real estate properties in this state.

Even though properties in Lagos are extremely expensive, especially around the island, they are worth it. Places around Lagos Island, especially in the Ibeju Lekki area, are where you should look out for good profits.

Abuja

Lagos State and the Federal Capital Territory of Nigeria are both similar in terms of real estate investment opportunities. Just that Abuja, the Federal capital is lacking so much in commercial activities. But then, it compensates with a lot of political activity instead.

There are numerous politicians, high-class business owners, and business moguls in Abuja. Property ownership in this state is equivalent to huge profits or yields.

Although, the lands and other real estate properties here are costly. You should know that the city is blessed with a lot of wealthy, luxurious, and classic properties capable of generating high returns on investment. Furthermore, Abuja is blessed with good roads and facilities, as well as a well-expensive standard of living.

River State

When it comes to the best state to invest in real estate in Nigeria, River State is another state to look out for. Most especially, Port Harcourt seems to be one of the most promising cities in the state. 

Port Harcourt is filled with a lot of beautiful and elegant structures, ranging from industries (especially Petrochemicalspetrochemicals) to firms, airports, and refineries, among others.

The city’s economic value is good, coupled with safety and security. Hence, there are a lot of real estate investment opportunities for investors. Are you looking for states to invest in real estate in Nigeria? You can check out real estate properties in Port Harcourt.

Oyo State

Ever heard of the largest city by Landmasslandmass in Nigeria? Ibadan is one of the cities to look out for when it comes to real estate investment opportunities. Thereby putting Oyo state as one of the best states to invest in real estate in Nigeria.

Unlike other cities or states we have mentioned, Oyo state goods and services are quite cheaper. If you are looking for cheap real estate investment opportunities, you should consider Ibadan. It contains a huge number of educated and middle-class citizens as well as expatriates. Some notable places for real estate investment in Ibadan include IyaganKu, Agodi GRA, and so on.

Akwa Ibom State

The next on our list of top states to invest in real estate in Nigeria is Akwa Ibom State. Uyo, which is the capital of Akwa Ibom, is the main city to look out for in terms of real estate investment opportunities. 

It’s a beautiful city filled with different tourist attractions, including shopping centers, malls, hotels, tertiary institutions, and residential apartments. 

Delta State

The list of states in which to invest in real estate in Nigeria will not be complete without mentioning Delta State, the oil-rich state. Additionally, the state produces a lot of rich comedians and celebrities, apart from the numerous petrochemical companies that contribute to its economic value.

Some notable cities/towns in this state include Asaba, Warri, and so on. Are you looking for the best state to invest in real estate in Nigeria? Check out Asaba or Warri today.

Ogun State

Ogun State is another state in which to invest in real estate in Nigeria.  Notable among cities in this state is Abeokuta, the rock city. Most people who can’t afford to live in Lagos because of its high cost of living seek accommodation here.

In addition to good roads and other amenities, the city is filled with industries, firms, and companies. If you are thinking of investing in states booming in real estate, Abeokuta is a good place to start.

Imo State

Have you ever heard of the cool temperature and climate of Imo State? No wonder many expatriates and strangers from other countries live in this state. Like Delta State, it is also an oil-producing state with a lot of petrochemical industries.

Furthermore, there are a lot of attractions that attract both citizens and visitors to the state. Thus, Imo state especially Owerri makes it to our list of top states to invest in real estate in Nigeria

Enugu State

Enugu, which is referred to as the coal city, is also one of the best states to invest in real estate. Although the standard of living in this state is low compared to others on the list, it compensates with beautiful landscapes, shopping malls, industries, higher education institutions, and others.

So, Enugu is a good place to invest in real estate in Nigeria, once you know how to go about it. Real estate investment here is capable of yielding a huge rate, as a lot of hardworking citizens reside here. 

Cross-River State 

The last on our list of the best states to invest in real estate in Nigeria is the Cross-River state. The state, which is located at the corner of the South-South region, has Calabar as its capital. And Calabar is also one of the most booming cities when it comes to commercial activities.

There are beautiful structures in this town with good security and economic value. So, Calabar can be where your next real estate investment opportunity will come from.

Conclusion

As I said earlier, there are a lot of good states in which you can invest in real estate in Nigeria. Choosing the best will depend on your preferences and financial capabilities. We hope you will find our guide helpful in choosing a state to invest in real estate in Nigeria.