Apartments are Port Harcourt’s Hottest New Property
Port Harcourt, the capital of Rivers state is located between Owerri and Aba. It can be accessed through Yenagoa on the East-West Road as well as through the Atlantic Ocean. It’s made up of the town and the suburbs. Port-harcourt is a developing city by the sea with a lot of untapped potentials in beyond crude oil. Facing the sea, it also has a lot of tourism potential, meaning that the value of apartments for sale in Port Harcourt is sure to appreciate in the future.
There are several educational institutions in Port Harcourt, including about five tertiary institutions (The Rivers state University of Science and Technology, a teacher training college, University of Port Harcourt, a College of Education, a College of Technology and several private and government primary and secondary schools. There are open markets like the Wimpey market and the Mile 1 and 3 markets. There are also large retail markets like Bhojsons, Spar, Park ‘n’ Shop as well as several other supermarkets. Subsequently, the apartments for sale in Port Harcourt are experiencing a huge increase in demand, becoming as popular as flats in premium locations such as Lekki, Victoria Island and Ibadan.
Port Harcourt is a mix of residential and industrial areas. The industrial areas include Rumubiakani and Trans-Amadi Industrial layout, while the residential include Amadi flats (Opposite Trans Amadi), Old GRA (European Quarters), and D-line. Prices of houses in Port Harcourt vary according to location.
A Safe Haven to Buy Your Perfect Apartment
Properties in the city are more expensive than those in the suburbs. Thus, Houses in places around Mile 1 to Old GRA are very expensive while areas like Diobu (Mile 1-4) and Rumuomasi are occupied mainly by low income earners and are relatively cheaper. This has resulted in the prices of apartments for sale in Port Harcourt being relatively affordable compared to other premium locations!
You can get 6 Units of three bedroom flats at Rumuibekwe for ₦ 650,000,000 while a1-Bedroom Apartment along Airport Road, Opposite Shark Stadium could be bought at ₦ 10,000,000.
Because the main city is saturated, there is rapid development and expansion of the suburbs and with this expansion comes more business opportunities and more places are opened up. Port Harcourt is a relatively secure place and there are security operatives like the Operation Flush/ Rapid response Squad in various parts of the town to curb indisciplind and watch out for undesirable elements.
Port Harcourt has many clubs and entertainment businesses that are not restricted to its vibrant night life, but which run 24/7. There is relatively good power supply in Port Harcourt as well because in additon to the PHCN supply, many oil servicing firms generate their own electricity (like the gas turbine installed by Shell) and supply the community as well, which could be credited as part of their CSR projects.
Be wary of fraudsters and if you want to build houses to sell, always verify all land acquired with the Ministry of Lands, even if the acquisition was done through indigenes.
Happy House Hunting!