EXCERPTS FROM BUSINESS DAY NEWSPAPER ON REAL ESTATE IN ABA (WRITTEN 2017). NOW HAPPENING.*
🏓🏓🏓 It is expected that land prices and house rents will jump within Aba and also in the surrounding towns and villages, where traders, factory workers and sundry entrepreneurs will be needing housing for business and residential purposes.
The experts explain that improved power supply in a community, town, or region, usually leads to increased economic activity, which requires both residential and commercial real estate, such as homes, offices and industrial spaces for factories, manufacturing plants, shops, etc.
Expectation is that there will be so much pressure on existing infrastructure, such as residential houses, workplaces, roads, markets, among others, that there will be need for new developments, thus creating huge investment opportunity for property developers and real estate service providers.
Already, real estate operators in Aba are upbeat. Interest is also growing from investors who intend to take advantage of the anticipated improvement in power supply, to invest in real estate. Francis Egbuche, a partner at Ken and Franc Associates, real Estate consultants, says estate developers outside Aba are keen in investing in the city, in the hope that improved power supply would boost real estate.
Egbuche says, “I have received several calls from colleagues who own estates in Abuja, Lagos, Asaba, that are interested in investing in Aba, but the problem has been power. So, if there is constant power, investors will come in.
Ananso Nsiorie, a legal practitioner, agrees, Nsiorie says improved power supply would put pressure on existing infrastructure, such roads and housing. He explains that small scale industries would begin to do well, while those that were moribund, due to inadequate power supply, would be resuscitated.
According to Nsiorie, real estate will boom, as firms would need space for their factories and accommodation for their staff. Demand for land is already growing. In developing areas of Aba, land price currently ranges from N1 million to N15 million, depending on location and the use of the property to be developed.
This excerpt from Business Day newspaper was written in 2017. As of this time of posting(2025), all that was said there are now happening.
There’s now steady power supply in Aba. The government of the day has provided good roads as well.
As a result, there a heavy influx of people into Aba leading to a massive rise in lands and property prices.
This is just the beginning as the Aba development master plan by Abia state government is just being scratched.
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