One of the most important factors to consider when buying a property is the location. Abuja is rapidly expanding and different areas have different levels of infrastructure and development.
These factors most times affect the value of properties in these locations. They also affect the demand for properties.
Apart from the location, the type of amenities available like schools, hospitals, shopping malls, security agencies, etc., play a huge role in determining the value of a given property.
Understanding how location and amenities influence the value of a property will help you make smart investment choices. Whether you intend to invest to resell later or for personal purposes.
Let’s explore how these factors affect property value in Abuja.
1. Abuja Central vs. Outskirts
The central areas of Abuja like Maitama, Asokoro and Garki are generally more expensive compared to the outskirts such as Dutse or Kuje. The central locations have better infrastructures, good road network, security and proximity to entertainment and business spaces. Living in the heart of a city means that you have access to a lot of places, giving you convenience and comfort. These factors drive up the prices of properties in these locations.
Whereas, in the outskirts of Abuja, you can find more affordable properties but fewer amenities compared to the central area. Although property prices in these areas increase over time as infrastructure and development improve.
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2. Major Highways
Highways are designed to minimize traffic and reduce travel time. It is no wonder properties closest to major highways often have significant value.
Highways for one provide easy access to different parts of the city. The convenience that comes with this easy access, plays a big role in how much a property is worth.
For instance, highways such as the Nnamdi Azikiwe Expressway also known as Ring Road connect different parts of Abuja. Its connection to various locations like Gwarinpa, Maitama, Wuse and Garki helps to significantly boost the property prices in these areas.
Another major highway is the Shehu Yar’Adua Way, also known as Airport Road. This major highway connects to the Nnamdi Azikiwe Airport and other key areas like Lugbe and Jabi. The ease of access to both the airport and the central area of Abuja makes locations like Lugbe and Jabi more appealing to residents and businesses alike.
Real estate companies usually use highways as a selling point to get investors to buy properties, because highways bring traffic and activities, which leads to property appreciation over time.
3. Proximity to Key Services
Another major factor that affects the value of a property is how close it is to key services like schools, markets, and hospitals. For instance, a family with young children will often choose a location that is closest to a school for easy access and to save the cost of transportation.
People will pay more money for properties that provide them with easy access to their daily necessities.
Areas like Jabi and Wuse with shopping malls, and several international schools tend to have properties with higher demand because of the convenience they offer.
4. Safety and Security
Security is top of the list for a lot of investors seeking to own a property in Abuja. Areas with high level security like Asokoro and Maitama tend to have high property value.
Gated estates, security patrols and proximity to government offices are also some of the perks that boost a location’s desirability, and this in turn increases the value of such property.
An area known to have security challenges, tends to have lower property value, as the desire to invest in such an area is low.
When buying a property, security plays a huge role. Even though properties in these locations come at a premium, people are more willing to invest in them for peace of mind. In addition, such properties also appreciate quickly due to the demand.
5. Shopping Malls & Recreational Facilities
Nobody wants to travel miles away to shop for basic needs. Having a shopping mall where you can easily get groceries or a market where you can buy food items makes a particular location appealing. Properties located near these facilities tend to be more valuable because of the convenience and ease of access they offer.
Areas like Jabi with the Jabi Lake Mall, or Wuse with the Wuse Market, attract a lot of people. These amenities make these areas more in demand and increase the value of the property in Abuja.
Social amenities like entertainment centers, recreational parks and cinemas also add to a neighborhood’s attractiveness and boost its value.
5. Road Network and Transportation
People are always on the move, hence a good road network and ease of transportation are important when determining the value of a property. Areas in Abuja with good roads and access to public transportation tend to have higher demand and higher property prices.
Properties situated in the central area of Abuja like Gwarinpa which is well connected to the central business district, attract more business professionals due to its accessibility.
On the other hand, areas with poor road networks and transportation challenges tend to have lower property value.
6. Healthcare Facilities
Access to good healthcare facilities is one of the factors that can significantly add value to properties. Properties close to hospitals, clinics and other medical facilities attract more people, especially families with retirees or children.
Areas like Garki with its proximity to major hospitals like the National Hospital, usually have higher property value. People are often willing to pay more for properties that have ease of access to medical services. They do this because they know that it will come in handy in the case of an emergency.
7. Water and Electricity Supply
Stable electricity and water supply are two amenities that are essential when evaluating the value of a property in Abuja. These amenities add significant value to a property, especially when there is a consistent water supply and stable electricity.
Areas that rarely face power outages or water shortages are hotspots for both local and foreign investors.
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Conclusion
Location and amenities play a huge role in determining the value of a property in Abuja. Living close to places with essential services like schools, hospitals and shopping centers that are well-secured comes with a higher price tag. These amenities also give you value for money and peace of mind that can not be bought.
Paying attention to these factors when buying a property will help you make a wise decision. This is because they will suit your needs and long-term goals.
To invest in our Abuja real estate offer, Kyami Pavilion Estate, please, call +2348132794689 or send a WhatsApp message to +2348132794689.
