When real estate investors begin to give attention to a particular area like Ibusa, it’s possible they are seeing something that everyone else is yet to see. Many years ago, Asaba was the main focus. Today, we see that focus gradually shifting to places like Ibusa.
If you’re like many people, you might be wondering why investors are suddenly rushing to buy land in Ibusa instead of Asaba. Could it be the cost of land and anticipated development opportunities? Or is it just another real estate trend?
It would seem that smart investors have noticed key factors that make Ibusa more attractive than Asaba, and they are making moves before the prices skyrocket.
If you’re considering buying land in this region, you might want to pay attention to what’s happening. In this article, we will explain all the reasons why investors are now moving to Ibusa.
Why Real Estate Investors Are Moving to Ibusa Instead of Asaba
To uncover why investors are trooping to buy land in Ibusa instead of Asaba, let’s start with the most obvious reasons.
1. Land in Ibusa is More Affordable than in Asaba
This is a no-brainer as land in developing areas is usually less expensive than those in developed areas. Not to talk of a state capital like Asaba.
Therefore, one of the biggest reasons investors are turning to Ibusa is because of the cost of land in Ibusa. Although Asaba remains a prime location, the land prices there have skyrocketed over the years due to increasing demand.
Currently, land in Asaba sells for anywhere between ₦8 million to ₦20 million per plot, depending on the location.
However, in Ibusa, you can still find plots of land selling for as low as ₦1 million to ₦6 million. For real estate investors, this is a golden opportunity.
Rather than buying one expensive plot in Asaba, they can purchase multiple plots in Ibusa at a lower cost, increasing their chances of higher returns in the future.
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2. Ibusa is Close to the State Capital
Another major advantage is that Ibusa is less than 20 minutes away from Asaba. In fact, some areas of Ibusa are closer to the Asaba city center than some parts of Asaba itself.
Many investors cherish this kind of closeness. They can benefit from Asaba’s booming economy, yet enjoy the affordability of Ibusa.
To crown it all, many people who work in Asaba are now choosing to live in Ibusa because of the lower cost of living and housing.
And with the growing traffic congestion in Asaba, we find businesses and residents looking for alternatives nearby. For real estate investors looking for these kinds of alternatives, Ibusa is the perfect option.
3. Government Infrastructure Projects are Boosting Ibusa’s Appeal
The Delta State government and private developers are investing heavily in infrastructure in Ibusa.
Some of the key projects include road expansions. For instance, since the Asaba-Igbuzor road was completed, this has made movement from Ibusa to other parts of the state faster and easier.
Electricity projects are other projects that have improved in Ibusa. Now, there is an improvement in the power supply in the town, especially in the areas close to Asaba.
Also, more schools and hospitals are being built. And new markets and business shops are gradually emerging.
These infrastructure improvements make Ibusa more liveable. Therefore, attracting both residential and commercial real estate investments.
4. Asaba is Becoming Overcrowded and Expensive
Over the years, Asaba has grown rapidly due to its position as the capital of Delta State and its closeness to Onitsha, a major commercial city.
While growth is a welcome development, it is not always good news, especially for big cities. This growth brought with it challenges like traffic congestion which increases by the day. The result is that commuting within Asaba can be stressful, especially during peak hours.
Add this to the rising cost of living in Asaba. Residents often complain that rent, food, and general expenses are going up the roof.
Then there’s the issue of limited land availability. Many prime locations in Asaba are already developed, leaving little room for new real estate projects.
As a result, many investors and residents are now looking towards Ibusa as a less congested and more affordable alternative. Logically, moving your focus to a less congested place like Ibusa seems to make a lot of business sense.
5. Ibusa’s Land Has High Appreciation Potential
Did you hear of how prices of land in Epe jumped in just a few years leaving early investors smiling to the bank? Ibusa may well be the Epe of Delta state.
Top real estate investors agree that one of the smartest moves in real estate is buying land in an upcoming area before prices go up. Ibusa is at that stage right now.
Over the past five years, land prices in Ibusa have increased by over 50%, and the trend is expected to continue.
For example, some plots that sold for ₦800,000 in 2018 are now worth ₦1.5 million or more.
With the continuous development in the area, land prices are projected to double or even triple in the next few years. Investors who buy now stand to make huge returns in the near future.
6. Ibusa is Attracting Housing and Commercial Projects
As more people move to Ibusa, the demand for housing is increasing. This has led to an increase in new estates and gated communities. Developers are building modern residential estates to meet the demand.
With these come new shopping centers and markets. For this reason, you will find out that more investors are building and setting up more businesses in Ibusa to cater to the growing population.
Hotels and short-term rentals are another infrastructure that investors are building in Ibusa. Because Ibusa is close to Asaba, these hospitality businesses will begin to thrive in a few years to come.
With all of these infrastructures coming on, this means more opportunities for buying, renting, and developing properties. If you are an investor, this hopefully helps you understand why other real estate investors are rushing to buy land in Ibusa.
7. The Influence of the Asaba International Airport
Apart from all the other reasons we have mentioned, this reason stands out. Because lands near airports hold a certain special appeal for investors.
Since the Asaba International Airport is located not too far from Ibusa, it’s easy to see why many real estate investors are investing in land here.
Currently, the airport is undergoing expansion and improvements, increasing its passenger traffic. Also, business travelers and investors prefer to stay in nearby locations like Ibusa instead of expensive areas in Asaba.
It is clear from the foregoing that the airport’s presence is attracting businesses and hospitality investors to Ibusa.
8. Migration Trends and More People Moving to Ibusa
Due to the rising cost of living in Asaba, many middle-class families and civil servants are choosing to relocate to Ibusa.
The population growth in Ibusa is rapid, and with it comes a higher demand for housing. Smart real estate investors are taking advantage of this by developing residential properties and commercial buildings.
If you are thinking of investing in real estate, one of the best strategies is to follow migration trends. As more people are moving to Ibusa, this means property demand will continue to rise.
9. Ibusa is Still Undervalued Compared to Asaba
Right now, Ibusa is where Asaba was 15-20 years ago in terms of real estate. Many people ignored Asaba back then, but today, it is one of the most expensive real estate markets in southern Nigeria.
Ibusa is still undervalued, but that won’t last for long. As infrastructure improves and more businesses move in, land prices will continue to increase.
Investors who enter now will reap the benefits in a few years. If you’re thinking of investing in a place that has good potential for growth, Ibusa might be a great option for you.
10. The Future of Real Estate in Ibusa Looks Promising
Several big real estate companies have already started acquiring land and developing estates in Ibusa. Some of the most notable projects include gated estates, commercial plazas, office spaces, and serviced apartments and hotels.
These developments are a clear sign that Ibusa is the next real estate zone. When major developers start moving in, it’s a signal that investors should pay attention.
Asaba will always remain an attractive investment choice, however, smart investors are now focusing on Ibusa, where they can get more value for their money and enjoy higher returns in the near future.
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Final Thoughts
Real estate trends don’t change overnight without reason. Investors are moving to Ibusa because they see great potential. One, there’s cheaper land. Additionally, the town is relatively close to Asaba.
There is also increasing development and higher appreciation rates. If you’re considering buying land in Delta State, Ibusa should definitely be on your radar.
Would you like expert guidance on the best real estate opportunities in Ibusa? Reach out to our trusted real estate company and start your journey toward a profitable real estate investment.
Do you desire to buy land in Ibusa, Epe, Ibeju-Lekki or Enugu, send a WhatsApp message to +2348134794494

