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Ikenna Okonkwo - Real Estate Agent, Enugu (2026)

Name: Ikenna Okonkwo - Real Estate Agent
Address: Enugu, NG
Telephone: +2347083707579

If you're looking to buy a land or invest in real estate properties in Enugu, then i am your guy.

28/04/2020

Welcome to my Page.

My name is Ikenna Okonkwo. I am a real estate agent based in Enugu.

I post about Real estate investment opportunities and also advice on acquiring and selling of properties.

Like my Page and send me a message if you're looking to buy a property in Enugu

28/04/2020

5 Reasons Investing in Landed Properties is the Best Type of Real Estate Investment

i. It’s Cheap to Start and Secure: Compared with buying a house for example or even buying a land and then erecting a building, buying a land is much cheaper. Even more so when you target places that are bound to develop in the near future. And then all it takes to secure your land from trespassers aka Ogbo n'eche agu is to buy in a serviced estate (comes with gated fence) from reliable real estate companies with complete genuine documents. And then sit back till you are ready to sell for profit.

Acquiring a plot/plots of land for the purpose of reselling is a profitable inexpensive long term investment.

ii. Don’t need to do ANYTHING to cash out big: It’s the simplicity and stability of owning a land verse owning any other type of real estate that make investing in land so attractive.

Owning the right piece of land outweighs the many issues that comes with erecting and maintaining a house for example. All you really have to do is know if the land is suitable to build on if/when someone wants to and that it has the right attractions to make for a good investment.

iii. Owning a Land is Hands Off Investment: Find a piece of land, close the deal for it and go on with your life. It’s that simple. No continuous time and cash investment to make it appreciate in value. Then 5 or 10 years later sell it off for 5-10 times your cash invested. It doesn’t get better than this.

iv. No competition: Investing in landed properties is an investment opportunity with low competition. Not many people have the patience it requires. And others prefer the residual income that comes with owning houses, apartments and commercial properties. You can take advantage of this.

v. Investing in Landed properties gives you peace of mind: Since land is a tangible asset that doesn’t wear out, doesn’t depreciate and nothing can be broken, stolen or destroyed it gives you peace of mind. Your investment is secured and you never have to worry.

If you go into land investing with the intention of holding the right property for long term then it can be more profitable than any form of retirement plan out there.

28/04/2020

WHY YOU SHOULD INVEST IN REAL ESTATE
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The other day I had a friend ask me about investing. He has been saving up some money for a while and decided it was time to get serious about what he’s going to do with it.

A lot of the typical options came up. He asked me about stocks, bonds, mutual funds, and many other vehicles that are used for investment purposes. Eventually, we got to the topic of Real Estate.

He knows that I personally invest in Real Estate and that I think it’s a fantastic place to invest, but he wasn’t entirely sure why.

During the rest of the call I explained to him the main points of why I think Real Estate is one of the best investments you could make.

Below is a recap of the conversation, and why you should consider Real Estate as a great wealth-builder.

#1. You Can Generate Passive Income

By investing in real estate, you can generate passive income that is nearly tax-free. Your rental properties will work for you even when you are sleeping. By buying several rental properties that generate enough income to cover your expenses, you have the freedom to do what you enjoy, instead of spending all of your time at work.

#2 It Can Provide Cash Flow for Retirement

Real estate investing, when done right, is a stable way to increase wealth over a period of time. Among the many benefits of real estate investing is that it can provide cash flow for retirement. This means it can help supplement your retirement years with income from your rental properties.

#3 Real Estate Investing Is a Hedge Against Inflation

While most people fear inflation, this is not the case with real estate investors. Investing in properties is an excellent hedge against inflation. As the price level goes up, so does the rental income you get from your property and your investment’s value.

#4 Owning Property Generates Wealth

Everyone should own at least one house or a piece of property. One of the many benefits of investing in real estate is being able to generate wealth through appreciation, building equity, and hedging against inflation. It can also provide cash flow with passive income from rental properties. These are the reasons why real estate should be a key component of your investment portfolio.

#5 The Value of Real Estate Appreciates Well Over Time

The value of land will respond greatly to supply and demand. With population increases in an area the value will go up.

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Thinking of making an investment in real estate? Maybe own a Land or Buy a house.

I have a couple of properties that might interest you.

Leave a comment

28/04/2020

Why Enugu should be your next real estate investment destination.
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Discover the untapped real estate gold mine in Enugu, and why you need to pay attention.

The real estate market in Enugu is in a condition called "the buyers market". Market forces indicate that the supply of properties for sale in Enugu is well above the demand for them.

This is supposed to be an advantage for an investor because the condition gives a buyer a lot of bargaining power to acquire properties at very low price. But the opposite is the case.

When compared to other states like Lagos, its clear that Lagos will be favored over Enugu by investors.

The truth about the matter is that no two states share identical market opportunities and it isn't fair for one to impose the market opportunities found in one state on another state then base an investment decision on that.

Enugu State has its own real estate market opportunities and the notion that "money no dey Enugu" is a myth.

From an insider's point of view and from my experience as a realtor practicing in Enugu, I will give you a closer look at the market situation.

Opportunity 1

Let's begin with the fact that there are over 4 Universities in Enugu State.Enugu state is a study destination for knowledge hungry youths.
Institute of Management and technology (IMT) is one of them and for the purpose of this post, we will use IMT as our statistical sample for this analysis.

IMT campus 3 has over 6,000 students registered there. IMT campus 3 has little to no hostels to accommodate these student. There's an alarming shortage of hostel accommodation for the students in Enugu State.

Opportunity 2

Given the high unemployment rate in Enugu, its clear to see that the number of self employed individuals in the state, far exceed the number of individuals in the labor market, employed by either the civil service and the organized private sector.

Self employed individuals need shops and office spaces where they can ply their trade. This has resulted in a high demand for business premises in Enugu.

and you know what?

The supply of shops and office spaces in Enugu is far below its demand.

Opportunity 3

As a civil service state, majority of the workers in Enugu can't boast of very high income. Many people within that low income bracket are looking for homes to rent.

The result is an increase in demand in the properties that most people in the lower income bracket can afford which is why you find people cuing up to rent 3 or 2 bedroom flats and studio apartments in Enugu. There is a scarcity of tenement buildings of this nature in Enugu.

Opportunity 4

Finally, I want to focus your attention on a highly visible but very neglected profitable real estate business opportunity in Enugu.
There's a high value on marriage in Enugu.

For the purpose of this illustration, we will use the Catholic church as a sample for this case study.

There are over 50 Catholic church premises scattered all over the town. Each premises plays host to 2 weddings every other saturday during the year, totaling a minimum of a 100 weddings celebrated in these churches every week.

There's a high demand for event centers that can serve as wedding reception halls for hire in Enugu. For a wedding that will hold in November, one has to book the reception hall in August in order to ensure availability.

The market for event centers hall hiring is valued at a minimum of N10m weekly in Enugu. An investor that owns a building with 2 event halls for hire stands to earn a minimum of N450k weekly. There's a big shortage of such event halls for hire in Enugu.

In summary, here's a list of ideal real estate investments to part take in when it comes to Enugu.

1. Student Hostels

2. Blocks of 2 or 3 bedrooms flats

3. Office buildings and shopping plazas

4. Event center halls for hire.

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Are these the only real estate opportunities available in Enugu?

definetly not. There are alot of them and matter of fact we'll be willing to share a whole lot more with you. If you take up our offer for a free consultation.

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28/04/2020

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