Estate Developer Reassures Home Buyers

The seeming collapse of the real restate market arising from the crisis being experienced in the world economy, has provided new opportunities for home buyers nation wide especially those with ready cash.

Real estate developers are at various locations across the country offering exciting opportunities to first home buyers this season.

Dr Ibiba Thomspon, an estate surveyo stated this on Monday in a chat with The Tide in Port Harcourt.

According to him, from the last quarter of 2009 up to the first quarter of this year, the market experienced a kind of lull that sharply contrasted with the 2008 up to mid 2009 market boom that witnessed unprecedented value appreciation. Currently things are look up with developers putting finishing touches, setting up many homes.

Mr Thomspon is also the General Manager of ABJ Properties Limited, said “ours is essentially for first timers, and I can bet you that whoever buys into our projects will get value for his money because what we are putting in place are functional homes,” disclosing that whereas the two-bedroom flats go for N8 million, the three-bedroom apartments will sell for N10 million.

“We have flexible payment plan and mortgage facilities are available,” he said, adding that corporate buyers are also welcome. For those who prefer serene environment, he said, ABJ Properties has developed some modern bungalows in a combined land area of 340,000 square meters. Outside Lagos and we intended to invest in Port Harcourt before the year runs out.