The Market Opportunity:
The advent of the Enugu international airport will inevitably turn Enugu State into a more cosmopolitan community. Speculators believe that the State will see a vast increase in the population from individuals from different works of life coming in to settle in the State. There is a high expectation that this will result in an increase in the demand for residential and commercial properties in the State.
The Investment Plan;
Choosing real estate as the product to drive the investment vehicle to profitability, conservative professional land speculators and analysts in Enugu State has upgraded their rating of properties in Enugu from HOLD and UNDER PERFORMING to BUY with target prices projected to earn a minimum of 75% return on investment on properties purchased in 2013 going forward 3-3yrs.
Example: A property bought in Enugu State today, 2013 at the price of N1m (one million naira) will be worth a minimum of of N1.75m (one million seven hundred and fifty thousand naira) by January 2016.
Other analysts of a more non conservative school of thought are targeting return on investments with the minimum range of 150%.
In conclusion:
Despite the on going debate among industry professionals, everyone agrees that the international airport in Enugu will lead to an upward trend on the price of real estate in the state as a result of the inevitable increase in demand in properties( both for rent and for sale) being offered within the State come 24th of August after Ethiopian airlines commences operations.
Investors with a taste for long term and secure investment are strongly urged to consider adding properties in Enugu State in their port folios.
Prepared By
Okafor Ugochukwu
upokafor@gmail.com
07030484315
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