Some estate surveyors and valuers at Hotoro GRA in Kano State have attributed the rise in the price of land in the area to the presence of Maryam Abacha American University of Nigeria (MAAUN), which is situated at Kwanar Maggi in the area.
One of the land agents, Muhammad Najume, told our reporter that the rise in the price started immediately after the commencement of academic activities in the university.
Najume disclosed that a plot of land that was sold at N20 million in 2023 is now sold at about N150 million or above.
“This can be attributed to the economic situation and the presence of the university in the area.
“The skyrocketing has not only affected the Hotoro Area but has extended to the Kawo Community,” he added.
Another agent, Mallam Isa, also disclosed that a house that should ordinarily cost about N500,000 in the last three years is now N3million presently.
“People are buying old houses to renovate them to hostels that will accommodate students,” Isa stated.
Speaking…
Source: Leadership Newspaper
