99% of what you need to know before buying real estate in Nigeria

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THE NIGERIAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Giant of Africa, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Nigeria.

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PRICES, RENTS AND YIELDS IN NIGERIA IN 2024

How much for a 2-bedroom apartment in Lagos? What are the property yield trends in Nigeria? What's the rental income potential?

This report will give you solid answers, using data sourced from our analysis of over 1,700 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Wondering if you should invest in property in Nigeria? Some sources might encourage it, but Nigerian friends might have different thoughts. Remember, opinions are perspectives and may not always be sure.

In this document, we take the last notable trends in Nigeria (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Bad investment decisions in Nigeria always seem to follow the same pattern. But if we analyze certain key factors, we can easily determine if an investment is likely to fail or not. Wondering what to pay attention to? This document has all the answers for you.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Nigeria? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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23 CONTACTS TO BUY A PROPERTY IN NIGERIA

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Nigeria. From A to Z, we've got you covered.

Inside this document, you'll have access to: Nigerian real estate agents, property listing websites, Nigerian real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Nigeria.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Overlooking 'Capital Gains Tax,' navigating 'Certificate of Occupancy' requirements, and not understanding 'Property Land Use Charge'... there are challenges to be aware of when buying property in Nigeria.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

Do you understand the purpose of a 'Governor's Consent' in Nigeria? What is the significance of a 'Certificate of Occupancy'? Have you heard of the 'Land Use Act'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Nigeria, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Nigeria. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

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HOW TO RENT OUT QUICKLY

To quickly rent out your property in Nigeria, learn the local approach.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON LAGOS

If the blend of bustling markets and urban energy intrigues you, enjoying Nigerian cuisine is a delight, and you appreciate a mix of economic significance, cultural dynamism, and the vibrant megacity of Lagos might be for you.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.