Real estate acquisition in Nigeria can be either be for personal or investment purposes. We provide advice on both angles. If you are planning to acquire real estate in Nigeria for investment purposes, then you are open to more than one choice and would need strong legal and financial advice.
The types of real estate that you should consider are based on the asset type you need and its usage.
We advise on acquisition of land, residential, commercial and industrial real estate.
In guiding you through the acquisition process we often follow the following laid down steps:
Origination and Property Research
Legal Due Diligence
Contract and Closure
Preparation & Execution of Title Deeds
Perfection & Registration of Title
Possession
If you would like to talk to us about acquiring or buying a property in Lagos, please talk to us through the chat box or contact us for a free initial consultation.Â
Frequently Asked Questions
You can buy real estate in Lagos either through personal financing or through third party financing or mortgage. The process involves searching for the property you want to buy, conducting due diligence, negotiating the price and closing the deal. Afterwards you would need to have your title documents prepared, and registered. In order to complete a real estate purchase, you would need to work with real estate professionals.
Yes, foreigners can own land and properties in Nigeria. However the consent of the governor of the state is required.
The right to occupy land is the highest form of right that can be acquired. This is because the Governor of each state owns all land in the state hence a statutory certificate is required to occupy and use the land. Other rights are leasehold, and easements.
There are different costs that comes with ownership of land in Lagos State. The costs vary and they include acquisition and closing costs, survey plan costs, title perfection and registration costs. Title perfection and registration costs include consent fee, capital gains tax, stamp duties and other levies imposed by the state government.