How to Buy Land In
Port Harcourt
How to Buy Land In
Port Harcourt
If you are reading this post; it means you are interested in owning a property in Port Harcourt. So, I felt it is pertinent to tell you a bit about this city called PORT HARCOURT.
Port Harcourt, also called "Pitakwa" is the capital and largest city of Rivers State, Nigeria. It is the fifth-largest city in Nigeria after Lagos, Kano, Ibadan and Benin City. It lies along the Bonny River and is located in the Niger Delta. As of 2016, the Port Harcourt urban area has an estimated population of 1,865,000 inhabitants, up from 1,382,592 as of 2006.
Port Harcourt is a major industrial centre as it has a large number of multinational firms as well as other industrial concerns, particularly business related to the petroleum industry. It is the chief oil-refining city in Nigeria and has two main oil refineries located at Eleme. Both refineries process around 210,000 barrels of crude oil a day, both operated by the Port Harcourt Refining Company. Rivers State is one of the wealthiest states in Nigeria in terms of gross domestic product and foreign exchange revenue from the oil industry, crude oil being its principal export earner.
5 REASONS Why you must INVEST IN PORT HARCOURT’S ‘BUSH’
1. Over 60% of today’s Port Harcourt City Urban was sub-urban bush in the 1990s and sold for less than 3% of its current price.
2. Over 50% of growth in Port Harcourt’s real estate market in the past 5 years has been in the suburbs.
3. The best way to become rich in real estate is to be positioned in its primary stage` before development/urbanization.
4. The growth drive in Port Harcourt is triggered not only by oil exploration but also the newly commercialized & emerging power sector of the economy of which Rivers State is a major stakeholder.
5. There are three ways to become extra rich in real estate: I mean “Extra Rich”
By inheritance
By stroke of luck
By foresight positioning.
Inheritance is rear and luck is illusive and uncertain but foresight works always, particularly with Port Harcourt as one of the fastest growing cities in Nigeria and in Africa.
Now that we have an overview of what port Harcourt looks like; I think it’s time I take you into details needed to own a land in this great wealthy city.
I understand that buying a land or a property in any state in Nigeria could be risky; which is why a guide like this is mandatory for a potential investor. As it’s going to guide you against possible pit falls in owning a land or a property