Awka Real Estate
The market for Awka Real Estate is one of the ever-increasing property markets in the Igbo heartland of Southeastern Nigeria. Awka is the capaital city of Anambra state;
hence, it remains the most developed city in the state. Awka is strategically located beside the federal west-east highway that links major cities like Lagos, Asaba, Onitsha, Benin and Enugu.
More so, Awka is located between two major Nigerian cities.
The cities are Onitsha and Enugu, hence, Awka has benefited from the influence of these two cities.
Going by the local history, Awka is the ancestral home of seven Igbo divisions that are related by blood. However, the fact that the early inhabitants of the city were travelers who have developed excellent trade routes has opened the city for the influx of people from far and near. Thus, it is not surprising to find people from Urhobo and Itsekiri descents in Awka.
In addition, you will find many northerners in Awka as well as people from Enugu and Delta. More interesting is the fact that Akwa also has a large population of people from Ghana and Cameroon.
The fact that Awka is located in the core of Igbo heartland automatically institutes the use of Igbo language as the indigenous means of communication. However, the fact that the inhabitants of the city are from different parts of the world and given rise to the prevalent use of Nigerian Pidgin.
However, English language remains the language of Government, Education and Business among others.
The pivotal role of education According to a Wikipedia report, Awka has a student population that accounts of 15 percent of the inhabitants of the town. This is not in the least bit surprising if you consider the fact that Awka is home to two important universities.
The first is the prestigious Nnamdi Azikwe University with its more than 36,000 student population. The second is the renowned Paul University that caters for theology and other secular courses.
The presence of these two institutions has created a population explosion that pleads to real estate investor to consider buying property in Awka. You can tap into the vast opportunities by building hostel accommodations and residential properties for the academic and non-academic staff of the institutions.
Anybody interested in buying real estate in a secluded part of the city would do well to consider the neighborhood that surrounds GRA Agu Akwa. Reports indicate that a plot of land was sold for anything starting from 3 million Naira and rising to 6 million Naira in 2011. One good thing about purchasing property in Awka or Awka Real Estate is the surety that you are buying property from the legal owners.
You may also want to consider the neighborhood around the back of Tourist Garden Hotel. The presence of this high-class hotel has raised the standards of this location. Hence, the report that a plot of land was sold for 5 million Naira is not in the least bit surprising. Another great neighborhood that you should consider when investing in Awka Real Estate or buying property in Awka is the area in and around Iyiagu Estate beside Queen Suite Hotels.
If you are interested in purchasing commercial properties, you will most likely be interested in owning property along Nnamdi-Azikwe Avenue. You should also consider areas surrounding the CBN office or the many government establishments. The Ring Road in Amenyi Akwa is another great commercial neighborhood that you should consider.
Viability of real estate investments The fact remains that the strategic location of Awka makes it a vibrant city that cannot experience any stoppage in growth in the near future. Hence, you can be sure that real estate investments will remain relevant in a city that has a rising growth rate. In addition, you need to remember that Awka is a capital city, hence, the prescience of the seat of government is a recipe for continual growth. In essence, you should take action today instead and invest in awka real estate or Buy property in Awka.
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