Real Estate Archives

6 Tips for Real Estate Investment in Nigeria

These 6 tips for real estate investment in Nigeria will make you go from an amateur to a professional real estate investor if you follow everything step-by-step.

In 2022, just 18 months after the lockdown, I held a conference for would-be and existing real estate investors and students of a university in Nigeria.

Their questions that day showed me that there was a big real estate investing problem in Nigeria.

Many people don't know a lot about the basics of real estate investing.

Many people are scared of investing because they don’t want to lose their money.

They had seen their parents spend their lifetime savings on buying land, yet everything was taken from them.

They had lost money doing MMM, trading crypto and Forex, so they feel real estate will do the same to them.

Some were not even scared.

They just didn’t see a need to start yet because they were still “young”.

In this blog post, I will show you the same 6 things I taught them at that conference. Follow me closely and keep an open mind.

If you follow all the processes here, you can build a solid real estate portfolio without making any of the real estate investment mistakes that most people make.

It does not matter if you are just starting or if you have been in the game for a long time. These solutions have worked for hundred of professionals and students in Nigeria and in the diaspora.

These 6 tested steps will show you

How the top 3% invest in real estate with no money
3 mistakes that can cost you millions of naira
Smart ways to get long-term, steady income from real estate

What are the 6 Tips for Real Estate Investment in Nigeria?

1. Understand What Real Estate is All About

The #1 thing I tell every new real estate investor is that they should forget everything they once thought real estate investing is…

Many times, people feel that real estate investing is just buying and selling land or property.

That’s not true.

Successful real estate investment in Nigeria involves even more!

You will need to

Plan Carefully to discover the correct property to invest in at any given time. You need to know where exactly to put your money. This way, you have a guarantee that your money will always return to you whether or not you bother about it!
Time Your Investment Perfectly: you can have all the money in the world to invest, but it will go up in flames if you don’t know where and when not to invest.
For instance, one of the best times to buy real estate is when there is little or no demand for the land, but it is already being scouted by people looking to settle there.
Strategize: creating goals should be the first thing on your mind when you are investing in real estate in Nigeria. Before you start buying land or houses, first know what you want to get from your investment.

Ask questions like

Do I want to buy land to sell later or to develop for rentals
If I want to get rental income, will I prefer short-lets or long-term rentals?
Am I ready for the added costs of buying land or property, such as documentation, maintenance, and security?

So, can you now see what real estate is all about? It is more than “buy land, sell land”. If you want to gain in the long run, you have to be intentional, smart, and strategic about every move that you make!

2. Start Small – Even with No Money

Another tip for real estate investment in Nigeria is that you can start with little or no capital. Let me show you how…

It is called the Other People’s Money (OPM) strategy. If you do not have any money at all, you have friends, family, and even strangers on your contact list who might have enough capital to start.

And this is where you cash in.

Simply find a genuine real estate company that is selling land or property, then send them a message telling them that you want to sell land for a commission.

The amazing thing about this system is that all you need to know is how to sell. Simple and short.

Take up your phone
Sell on WhatsApp through your status, then on Instagram and TikTok via your stories and feeds.
When they buy through you, you get a commission (mostly between 10% - 15% of the property price)

Then use your commission to make installment payment for a property or land.

This way, you can spread your payment over 6 - 12 months. And pay in bits

These two strategies have been used by all of my real estate students multiple times.

They have not only bought their land but have also made money without breaking a sweat!

3. Avoid These 3 Common Real Estate Investing Mistakes

Earlier in this post, I showed you how so many of my students were scared of investing in real estate, mainly because they did not want to get duped.

The real truth is that nobody can dupe you without your own permission.

People mostly get duped because they don’t turn a blind eye to a deal that looks too good to be true.

When someone comes to you to sell Epe land for 600k, you should know that such land is fake and that the deal cannot be trusted!

These are 3 common real estate mistakes that you want to avoid on your land:

Not Doing Due Diligence

If you want to buy a 5000 naira charger for your phone or laptop, you will check to see if it is working or not.

But I always wonder why Nigerians will not check the authenticity of the land or property they want to pay millions for!

We are mostly impatient, and these real estate scammers will capitalize on this to dupe you!

Your first duty as an investor is to check if the property and its documents are authentic.

It is very simple to do this.

As I mentioned earlier, visit the Land Office of the state you are buying the land in to confirm the status of the land or property.

Don’t rely on the promises or assurances of any real estate agent or a member of a family.

They may show you a receipt and other documents, but you still have the personal responsibility to check things out for yourself!

Going to the Land Office helps you to know whether the land or property is allocated for government or there is an existing title on it.

If any of these is the case, you should run because you can never win against the government in court.

And you also cannot beat someone who has a title to the land or property before you did.

If you're buying from a family, ensure that you are buying from all the decision-making members in the family, not just a random family member.

You can lose all the rights to a property if you bought it from a member of a family who has no right to sell such land.

So, if you're getting a deed of assignment or any other land document from a family, make sure it is witnessed by the signatures of other principal members of the family.

Fear of Missing Out

Another big mistake that real estate investors make is the fear of missing out.

Some offers are too good to be true, yet people fall for it because they don't want to miss it.

Later, they say things like "and something told me."

Many people just go ahead to invest in real estate because of peer pressure.

See, no one is chasing you to invest. There will always be land to buy. Go and make money and make a plan first!

If you cannot afford to pay for land or property, don't start with the installment.

This is because you might not be able to sustain payment, unlike your friends who may be earning more.

But if you badly want to buy land or property, you can go for a smaller-sized land or property instead of going for something costlier.

Don't base your long-term decisions on short-term emotions in real estate.

Having No Exit Strategy

There are so many real estate buyers who just have land and property everywhere in the country with no intentions whatsoever for them.

And this is one of the biggest real estate investing mistakes you can make.

Don’t enter into real estate investment without a plan to sell or repurpose your land. It looks simple to start: buy, wait, and sell.

However, if you look at it deeply, you will realize that you need to have goals and reasons for investing!

These goals remove greed from you when you see a deal that is too good to be true.

It also gives you direction, so you always know what you are doing every time!

4. Buy Low, Sell Smart: How to Identify High-ROI Properties

Another tip for real estate investment in Nigeria is knowing how to find properties that can bring high returns.

These 4 factors show you how to know that a land or property will yield long-term returns:

Location

If you buy land in some locations in Nigeria, you may be buying it for your grandchildren to sell because it will never appreciate in your time, no matter how hard you try.

This is because of the remoteness of the land to the major amenities required for the people to settle in that area.

As lose as Abuja is to Nasarawa, there are areas of Nasarawa that you cannot invest in because you may not get returns until 30 to 40 years from now.

This is why you need to consider the next option…

Growth Rate

You should also check to see the development going on in the local area…

Are people moving in to settle there?
Are there schools popping up to attend to the needs of the population?
Are there markets or shopping complexes in the area?
Is there a primary health center in the area?
Accessibility

Another factor that shows that an area can bring returns in the long term is that there are roads leading in and out of the place. This is why I said that you cannot invest in every place and expect returns.

If the place is accessible by cars and trucks, then it is a sign of development and a guarantee that more people will settle there eventually.

But these do not mean that the road will be perfectly tarred. Sometimes, it just has to be graded and motorable.

Over time, when the place opens up to more people and business, the government will be forced to develop it fully.

A recent example is Epe in Lagos. It started with grading when the first set of buyers came. Over time, the road linking Ikorodu-Epe and Omu is fully developed.

Now, with the Fourth Mainland Bridge being developed and the Ijebu-Omu road in plans, Epe is one of the most strategic areas in all of Lagos despite that it is backed by the sea.

Government Projects

Speaking of development, the presence of government projects like public schools, primary health centers, and roads are signs that there will be growth and development in the area.

As a result, you get returns on your property also!

5. Secure Your Investment

See, if all you buy as an investment is not more than 500k, secure it like it is worth a billion!

The secret to buying and keeping any land or property in Nigeria is to protect it first. The last thing you want to have in a real estate transaction is to get scammed.

Let me show you 3 ways you can secure your investment:

Verify Land & Property Titles

Make sure you verify all the documents the seller presents to you.

Here are the top 5 documents that you can get in a real estate transaction in Nigeria:

Deed of Assignment
Certificate of Occupancy
Gazette
Purchase Receipt
Governor’s Consent
Lawyer Up

Every time I’m on the field and I say, “Let me talk with my lawyer first”, everyone sits up.

And this is because the protection of the law is one of the most reliable shields in any real estate transaction.

But many people say that they cannot afford a lawyer. And that is not true.

You can find lawyers anywhere in Nigeria currently- in the courthouse, in the market, and even in a shopping complex!

However, I will always advise that you use lawyers who have good experience in working on real estate deals.

This helps you to create valid and verifiable transactions when buying, renting, or selling your land or property.

Omo Onile (indigenous land owners) v Real Estate Companies: Know The Difference

Another way to secure your investment in Nigeria is to know the difference between omo onile sellers and real estate companies.

Real estate companies are usually registered with the Corporate Affairs Commission (C.A.C) and usually have a good online presence.

They give clearly-written documentation that shows that there is a transaction between you and them.

On the other hand, the transaction between a buyer and an omo onile is mostly verbal and less of paperwork.

They usually sell family-owned land as well as land close to them that they do not own!

One of the best ways to identify an omo onile is that they sell at a ridiculously low price and they try to sell it as fast as possible with little or no documentation.

Make no mistake. Most omo onile transactions are fake.

They can sell the same parcel of land to 5 people who will then battle it out in court to determine who has superior content.

You don’t want to find yourself in that corner.

Instead, ensure that you buy with a reputable real estate company whose documentation is more reliable.

6. Sell at a Profit with These Marketing Strategies to Flip or Rent

So far, I have shown you how to buy real estate property or land in Nigeria without having any problems. So I will end with how you can sell or flip your property at a profit.

But the first thing you need to do is to be patient.

You may have spent lots of money on buying your land or property, but your money doesn't come immediately after.

What you need to do is to carefully predict when such property or land will have appreciated, using the factors I mentioned above. After you confirm this, you can then sell.

There are 3 tested ways you can sell your real estate in Nigeria.

Social media channels

Use channels such as WhatsApp Business, Instagram, Facebook Shop, and TikTok to push real estate content.

You may know that the popular Ola of Lagos is now selling real estate on his channels too!

That shows you the power of social media marketing in Nigerian real estate today!

Online marketplaces

Another way you can promote your real estate properties in Nigeria is through online marketplaces like Google Ads, your website listing, and other property listing websites.

Physical advertising

If your target audience are like market women who are mostly not online, then you can use flyers and radio ads that can reach them faster. Note, if you want to sell to a younger audience, physical ads will not work.

Conclusion

The Nigerian real estate market looks scary from the outside.

But it is quite simple.

You don’t need to be super-rich or experienced to start- you only need need the right mindset, smart strategies, and the courage to take action.

Note: The tips in this article work for everybody.

Whether you're a student, a young graduate, or a professional, real estate investment is not about luck — it’s about learning, planning, and executing wisely.

So here’s your final takeaway:

Think long-term
Avoid shortcuts.
Start where you are — even if that means selling for commission.
Always ask the right questions.
Never invest blindly.

If you apply the 6 tips for real estate investment in Nigeria in this guide, you won’t just avoid costly mistakes — you’ll also set yourself up for a future where your money works for you, even while you sleep.

Start now. The best time to start real estate investing was yesterday.

The second-best time? Today!

by Tayo Aladetoyinbo

5 Things You Must Know Before Buying a House in Lagos, Nigeria

Many Nigerians living in the diaspora have come to meet me for updates on what to know before buying a house in Lagos. My response is always the same: “What do you really want—an investment or a home?”

The reason for this is simple.

Many buyers just go on to spend their hard-earned foreign currencies on a property because they can afford to.

But buying a house in Lagos is not just about being able to buy. It is more about maintenance and property preservation. And also buying right!

This is why you must have clearly-set goals

Buying a House in Lagos: To Invest or to Live In?

Before you complete a purchase, you must first look at how long you will still be living abroad.

If you intend to stay for 20+ years, for instance, it'd be safer to build for investment than to live in.

That way, your house is occupied by tenants and maintained by an agent of your choosing.

But if you are near the end of your desired stay, you can build a home that will fit your needs and your style. This way, you know that you're not giving up your house for rent.

However, in both of these situations, there are problems that most Nigerians in the diaspora face when buying a house in Lagos.

And that's the technical area of buying and keeping a house.

In this article, I will show you 5 major things you must know before you buy a house in Lagos.

Note: These apply to you whether you are buying for investment or as a home:

Read: When to Buy Real Estate in Nigeria

5 Things You Must Know Before Buying a House in Lagos Nigeria

1. Location

The location of your house will determine its value as an investment and its convenience as a home.

If you are investing for profit, the truth about Lagos is that most properties will bring high returns…

But to measure the property that will bring the most returns, you must consider these factors:

Development in the area: Check for the rate of development in the area. If it is slow but steady, you can invest if you are not looking to make money fast.

But if you want RoI within a short time (say, 1 to 2 years, you can invest in areas with faster development)

Development in this sense includes the number of houses being built in the area as well as the number of schools, malls, and other facilities being built in the area.

Road Accessibility: When an area is more accessible via road networks, people are ready to pay more for it.

Good road networks mean that workers go to their workplaces faster.

It also means quicker access to necessities such as hospitals and schools

Proximity to commercial and industrial hubs: The average employee wants their home close to their offices. The average production plant desires to have its factory close to its raw materials. And the average company wants their offices to be reachable by the target audience.

This is why Ikorodu prospered as a real estate hub between 2007 and 2012.

The area exploded with growth between 2017 and 2024 when the Ikorodu-Epe highway was fully completed.

The other area with the same possibility for that kind of growth within the Ikorodu-Mile 12- Epe axis is the Omu-Ketu area.

2. Land Title and Documentation

One of the biggest mistakes homebuyers make is failing to verify land titles.

If you are buying from the diaspora, there are major documents that you must verify either through a trusted agent or through a lawyer.

Here are some of them:

Deed of Assignment

This is the most important document you must seek to get when buying a house in Lagos.

And it is because it is the only document that shows the transfer of title from the property owner to you as the buyer.

You can have a C of O but if you do not have a Deed of Assignment, you have no proof that you truly own the property…

Certificate of Occupancy (C of O)

This confirms that the Lagos State Government officially recognizes you as the owner of the land.

A C of O is usually issued because the governor of the state usually holds all land in trust for the citizens of the state.

So, whenever a land or a house is bought, it confers the state ownership to the individual who now owns the property.

If the property you bought already has a C of O, you do not need to get a new one. You only need to get the Governor’s Consent on your Deed of Assignment.

The deed already shows the owner of the property and the details of the transfer of the title in the property to you, so you don't need to fulfil any other conditions.

Note: The C of O lasts for only 99 years. So, after 99 years, you or your next of kin have to renew it.

Survey Plan

The Survey Plan contains the property’s coordinates (locations), its size, and boundaries.

It ensures that your property aligns with government-approved layouts.

The survey is usually carried out by a hired surveyor. So, if you are not in the country, you tell your lawyer or real estate agent to hire one for you.

After your surveyor makes the necessary measurements, you can go on to submit it to the office of the Surveyor General of Lagos State.

Governor’s Consent – For secondary buyers.

Many people think that the Governor’s Consent automatically comes with a C of O.

But that is not how it works.

The Governor’s Consent is what the seller obtains from the Government when he wants to sell the property to you.

So, a resale cannot be complete without the Governor’s Consent which is the state’s acknowledgement of the transaction.

Property Purchase Receipt

This is a proof of payment that you get from the owner or seller of the property.

It clearly shows that they have received the payment for the property while showing the amount that you paid for the property.

If you are buying a co-owned property, be sure to get the signatures of the owners of the property.

Where you get approval from only one owner, such a sale will not be valid in the eye of the law.

So, if you want to protect yourself from losing your property, ensure that you get the approval of ALL the owners of the house.

Building Approvals

Even though this is not part of land title and documentation, it's one of the very first thing to check.

One of the biggest reasons for houses demolition in Lagos is lack of necessary building approvals and permits.

Some houses don't comply with the requirements of The Lagos State Physical Planning Permit Authority (LASPPPA).

So, before you buy a house in Lagos, you must check if it doesn't violate any building regulations.

3. Hidden Costs Beyond the Purchase Price

The true cost of any house listed for sale goes beyond the quoted price. There are some certain hidden (but legal) charges that you may not see.

Some of the additional expenses you must prepare for include:

Legal and agency fees

This is the fee you pay to your lawyer and the agent overseeing the transaction for you in Lagos. It is usually between 5 to 10% of the property cost.

Survey and deed of assignment fees

These fees are necessary if you want to get your house documents. Under the Land Use Act, for instance, you can lose your property if you unnecessarily delay the payment for your property after it has been issued by the Governor.

Estate levies and service charges

If the house you are buying is in a gated community, expect to pay certain levies that show your commitment to the development of such a community.

These levies are used to cover certain uses like security and simple repairs.

These seemingly tiny costs can significantly affect your budget. So, ensure you research and consider them before you make a purchase.

Read also: Real Estate Investing for Beginners in Nigeria: the Complete Guide

4. Work With Reputable Real Estate Agents & Developers

Lagos has one of Africa’s biggest real estate markets. Sadly, however, it does not have the most reliable structure for its property distribution.

This is why you need to only work with agents and developers that you trust and can rely on.

Many people buy houses through agents and developers they find online.

These agents will snap fake houses and scan fake documents for them.

When they return to the country, expecting to see their house, they only see a different house occupied by a totally different person.

To avoid scams like this, do these instead:

Verify the track record of the real estate company.
Request references and visit previous projects that the company has handled.
Avoid deals that sound too good to be true.

Engaging a reputable real estate firm or developer ensures transparency and security.

5. Understand the Financing and Payment Structure

There are different ways you can buy a house in Lagos. These payment plans include:

Outright payment and
Flexible instalment plans or off-plan (with 20 - 30% down payment).

Other means of payment include:

Developer payment plans that allow you to spread your payment over months or years.
Cooperative societies – Group financing for members of a cooperative.
Government housing schemes – Affordable options for eligible buyers. This option is not as popular because there are limited housing schemes available.

Unlike the USA and Europe which provide mortgage plans, Nigeria barely runs a stable mortgage system. The few companies that offer this plan only do so at a steep interest rate.

You should consider all options and choose the best financing plan according to your budget.

Final Thoughts on Buying a House In Lagos as a Nigerian in Diaspora

Buying a house in Lagos from abroad or within Nigeria can be risky as much as it is profitable.

But you can secure a very profitable and convenient house if you can work on basic things such as

Land documentation
Choosing the right location
Budgeting for hidden costs
Working with credible agents, and
Selecting the best financing plan

Send us a mail today at info@possilaproperties.com if you would want to acquire your own house without worrying about future legal issues!

by Tayo Aladetoyinbo

Omu Ketu vs Epe: this image is about understanding the differences between the 2 locations

Omu Ketu vs Epe: What You Need to Know About The 2 Locations

Omu Ketu vs Epe: which is better for real estate investors now?

In my other article, I wrote about 5 reasons Omu Ketu is the next big real estate hotspot but this article is to show you why Omu Ketu is the affordable, safer, and better alternative to Epe.

For the second time in about 7 years, Lagos real estate is now expanding to another location, this time, a neighbouring state.

The first time was with Epe during Ambode’s era when the Epe Road was opened for construction. This led the location to become the city it currently is today.

Once again, we are seeing it play out with Omu Ketu.

Omu Ketu is a border town between Lagos and Ogun.

The last time there was a discovery like this was with Ikorodu some 25 years ago.

But there is a problem I have observed- and that you may have seen too… Many realtors and agents are advertising their Omu Ketu land to be in Epe!

But that is not true…

In this article, I will be showing you

The Difference in the location between Epe and Omu Ketu
Why you should buy in either of the locations
Which of the locations is best for you to invest in

3 Important Things You Must Know About Omu Ketu and Epe

1. Omu Ketu vs Epe: Location Differences

There are key differences between Omu Ketu and Epe. And they are easy to spot…

Epe is a coastal town in Lagos, located between Ketu and Odo-Mola. It is very popular because of its proximity to the Lekki Lagoon.

This made it one of the few locations to become premium very early in its launch…

As I mentioned above, Epe is located centrally on the Ikorodu-Epe highway linking towns like Ketu, Orisha, and Odo Ragun.

Unlike Epe, Omu Ketu is not riverine nor close to the Lagoon. It is purely land-based. But more importantly, Omu Ketu is NOT IN LAGOS. And this is what many people do not know.

Omu Ketu is not a location in Lagos. Instead, It is a border town between Ogun and Lagos State, just like Sagamu and Otta on the Southern side of Ogun and Agbara on the Western area.

The only thing that connects Omu Ketu to Epe is that it connects directly to the Ikorodu-Epe highway through the Ejirin-Ijebu Ode Rd.

This perfect meeting point makes it super-accessible to Epe (just a 35-minute drive without the usual Lagos traffic)

So, when next you see an ad that is telling you to come buy land in Omu-Epe, simply ask them if the land is in Epe (Lagos) or is in Omu (Ogun)

Here's a safe, no issues, better ROI, and an affordable land in Omu Ketu right now.

2. Omu Ketu vs Epe: Land Prices & Investment Potential

If you decide to buy land in Omu Ketu or Epe, you should know that you will be getting different price tags as well. By default, you will also get different RoI.

The land in Epe is costlier than the one in Omu Ketu. There are several reasons for this. And it is mostly because of projects such as the

Ikorodu-Epe highway
Lagos Film City
Dangote Refinery in the nearby Ibeju Lekki
Lekki Deep Sea Port and Free Trade Zone

On the other hand, Omu Ketu is not as developed as the Epe district. But you can see evident signs of growth such as

The presence of educational institutions such as the School of Science Complex, SACOETEC, Grace Polytechnic
Proximity to industrial areas such as the Odogunyan Industrial Estate
Lagos State food and logistics hub

When you consider these factors, you will understand why land in Epe is significantly more expensive than the one in Omu Ketu.

But you also need to consider long-term factors such as population growth rate and accessibility.

With this, a place like Omu Ketu will eventually become a central commercial, residential and industrial hub because it is connected to multiple locations.

So, just know this: Land in Omu Ketu is far less costly when you compare it to land in Epe.

3. Omu Ketu vs Epe: Lifestyle & Community

So far, we have only discussed things that investors will want to hear.

So, I’m adding this factor mainly for those who want to settle and build a family in any of these locations.

If you want to stay in Epe, you need to be ready to adapt to current living conditions, such as

Heavy traffic when commuting from Epe to any location outside through the only two main outlets, that is, the Lekki-Epe highway and the Ikorodu-Epe highway
More noise as a result of a higher number of clubs, hotels, and bars.
Possible more pollution due to more cars and more homes

On the other hand, if you choose Omu Ketu, you might need to consider factors such as:

Longer time of commute because of the undeveloped area of Ejirin-Ijebu Ode Rd. But it gets better as soon as you hit the Ikorodu-Epe Road
Lesser interactions with the public: If you love a loud and social lifestyle, you may find it quiet here.
Peace and serenity: This is one of the main goals of most families today- to raise their home in peace and quietness.

Conclusion: Omu Ketu vs. Epe – Which Location Is Right for You?

Choosing between Epe and Omu Ketu depends entirely on your real estate goals.

You can either choose between immediate development and high returns or long-term affordability and growth potential.

If you’re an investor looking for faster ROI, Epe is the ideal choice.

It already has established infrastructure, major government-backed projects, and rising demand, and land prices are appreciating faster than ever.

For business owners and commercial investors, Epe offers

A larger customer base
Better visibility, and
More developed logistics,

This makes it a great location for retail spaces, hotels, and hospitality businesses.

However, if you’re a long-term investor seeking affordable land with future potential, Omu Ketu is a smart pick.

It is strategically located near industrial and commercial hubs.

Plus, its connectivity to key highways makes it perfect for positioning it for gradual but steady growth.

Buying land in Omu Ketu now means securing prime property at a lower cost before prices skyrocket.

For homebuyers and families, Omu Ketu is the better choice if you prioritize peace, serenity, and a quieter lifestyle.

Unlike Epe, which is more commercial and urbanized, Omu Ketu provides a less crowded environment, making it perfect for residential living.

Final Recommendation

Choose Epe if you want quick appreciation, commercial opportunities, and better-developed infrastructure.
Choose Omu Ketu if you want an affordable entry point into Lagos’ expanding real estate market with long-term investment potential.

Regardless of your choice, always conduct proper land verification and consult real estate experts to avoid land disputes and ensure a secure purchase.

Send us a message to start today at info@possilaproperties.com

by Tayo Aladetoyinbo

Before You Buy Land in Omu Ketu: 4 Things You Must Know

You may never find any educational content on land in Omu Ketu apart from websites listing properties in that corridor.

And why so?

It is simple! Everybody wants to sell. Nobody wants to show.

In a recent article, I mentioned how Omu-Ketu has become the most in-demand real estate hotspot in Lagos.

But before I wrote that article, I looked at the people who were buying land in Lagos, and I realized that a lot of them were not buying it with adequate knowledge.

It is this knowledge that many real estate marketers are holding back from the public.

Look, it may not be a popular thing to do, but I will show you what you should know before you buy land in Omu-Ketu.

1. Omu-Ketu is not Ketu-Epe and it is not Epe

If you type “buy land in Omu-Ketu”, you will see lots of websites listing properties in Epe or Ketu.

It’s a marketing deception that you should not fall into.

The truth is that there's Omu, there's Ketu. Omu in Ogun State and Ketu in Lagos State.

Omu-Ketu is the boundary town between Lagos State and Ogun State. It's immediately after Epe.

The Ketu area is already very developed compared to the Omu area, which makes it more costly.

Epe is also equally developed, being one of the biggest real estate hotspots in Nigeria in the last 7 years.

But the area has come under lots of backlash because the government is now reclaiming most of the land for development.

So, you cannot buy land in Epe without direct approval from the NTDA- the New Town Development Authority.

But the Omu area is mostly still raw land, fast developing, and that’s what agents and real estate companies are selling.

If you insist on buying the Ketu side in Lagos, you will pay more. And you might be paying more for lands with government issues without knowing.

But if you are patient enough to sell later when there is development, you can buy for a lesser price in Omu.

So, that’s the main difference…

Don’t be deceived, and don’t get scammed into thinking that you are buying land in Ketu itself or the backyard of Epe. No, that’s not true

2. You Need a Goal Before You Buy

In all my years as a real estate marketer, there is something I tell my buyers…and they are always grateful for it

And that is to ALWAYS HAVE A GOAL IN MIND when buying land… that is, their reasons for investing.

Before you make a payment, you have to ask yourself these questions…

Am I buying just because my friends are buying?

Am I buying because I have loose cash I don’t want to put in the bank?

Am I buying because a beautiful real estate agent on Instagram said so?

The truth is- you may still make money if you follow any of these steps.

But in the long run, you may not be able to build a system that helps you to convert your real estate into cash eventually.

So, what do you do instead?

Sit down and make a plan.

For instance, if you have 3 million set aside to invest in real estate, you can say you want to buy a plot of 1.5 million (an hypothetical price)

You can then choose any of the following options for your land:

Buy and hold long-term, then resell at an appreciated price
Build a rental apartment on the land and make money through rent
Build an event center, hire managers, and make money through short-term uses
Start a full-fledged shopping complex that has everything people want in that area

These are just 4 of the many options you can choose from…

You can also explore recreational real estate such as clubs, restaurants, and hotels.

But my point is, you must have a goal.

Your goal will determine how much you will spend. And how long you will wait before you start seeing returns on your investment.

Here's the most affordable and genuine land we have for you in Omu Ketu

3. You Have To Get Your Documents Right!

The number one reason people lose their land in Nigeria today is solely because they do not have verifiable land documents.

Many times, it is not enough to have documents; you must have good documents.

It is even more risky if you are buying in places like Lagos, where there is a high demand for land. Sellers, especially family landowners, tend to sell to multiple buyers and issue fake documents to all of them at the same time.

This is the real omo onile problem.

To avoid this kind of problem, you must

Only buy from trusted real estate companies
Verify documents for authenticity
Pay land charges where it is required

These are 5 land documents that you must have to effectively protect your ownership and title in a place like Omu-Ketu:

Deed of Assignment

This is the number one document you must go for.

Many people think that the C of O is the most important document, but it is not.

The Deed of Assignment is the only document that shows that the owner of the land you bought willingly transferred their ownership and title to you.

It is not only evidence of payment but also proof of sale.

Certificate of Occupancy (C of O)

This is the most popular document because the government is usually involved in its issuance.

It is issued by the state government to legally confirm that the state no longer owns the land.

This is because all land in a state is held temporarily by the governor of that state until there is a buyer.

As a result, ownership is transferred to the new buyer by the state governor for a specific period of 99 years.

Survey Plan

A survey plan outlines the following features of your land:

- Property's coordinates (locations)

- Size, and

- Boundaries

This ensures that it aligns with government-approved layouts.

After measuring your land, you are to submit it to the Surveyor-General in the state where the land or the property is located.

Governor's Consent

Most land buyers think that the C of O automatically comes with the Governor’s Consent. No, it doesn't.

If you want to resell land that has a C of O, you need the Governor’s Consent.
It shows the state’s acknowledgement of the transfer of ownership.

Land Purchase Receipt

This is proof of payment you get from the seller that shows that they have received your payment for the land.

Note: If you are buying from a family or community, ensure that the transaction is approved by all the decision-makers in the family or community.

This gives you legal backup in case there is a dispute over the land in future.

4. Be Patient

Just like with every other investment, you also need to be patient if you are buying land in Omu-Ketu.

There is no such thing as make-money-fast with real estate anywhere in the world.

Like I mentioned above, you need to have a plan.

When you have a plan, it will be easier for you to follow through with the timeline that you have set for it.

I always tell my buyers never to sell their land one year after buying it…

It is only in rare cases that your land will appreciate so much and you will get huge profits after a year.

Instead, I would advise you to wait long enough to observe the market and watch your land price increase before you sell.

Now That You Know…

It is up to you to decide whether you want to buy in Omu or you want to buy in Ketu.

You also now need to create a plan that will help you make profits in the long run.

Again, if you are looking for quick money, run away from real estate.

But if you want money that you will always see in the future, invest in Omu-Ketu today.

This is my recommended land in Omu-Ketu currently. And it's selling at a great price.

For further enquiries, shoot me an email at info@possilaproperties.com

by Tayo Aladetoyinbo

5 Reasons Omu Ketu Is the Next Big Real Estate Hotspot

Omu Ketu is currently looking like the next real estate destination for developers and investors owing to its proximity to Epe in Lagos and availability of land.

The reason for this high demand for Omu Ketu land is not far-fetched; Epe is becoming more expensive for an average land buyer.

And some parts of Epe land are in crisis...

It's just a simple investing wisdom to migrate to the nearest location that has high growth potentials.

And Omu Ketu is that location.

To the average ear, it sounds like a remote location that no one would ever be interested in, but wait until you read the facts I will reveal to you.

In this article, I will show you:

Why Omu Ketu is a great place to invest your money in
The truth behind the Lagos real estate around Omu Ketu
3 red flags you should look out for when buying land in Omu Ketu

5 Reasons You Should Buy Land in Omu Ketu

I’d have loved to jump into showing you the big benefits that you can gain from buying land in Omu Ketu, but you need to know a secret.

Omu-Ketu is not in Lagos…

Yes, some unscrupulous marketers could have advertised or sold it to you as Lagos - no it's not in Lagos State.

They might not want to tell you that Omu Ketu is in Ogun State because they believe most buyers focus on buying land in Lagos. That is misleading!

The truth is educated investors can buy anywhere that has what I call "fast development indicators"... And Omu Ketu has these indicators.

So, here are the benefits of buying land in Omu-Ketu. Note that I’m talking mostly about buying in the Omu area.

1. Strategic Fast-Growing Location

Omu Ketu is a super prime location because it is a central point.

On one end, Omu-Ketu is an interchange that directly connects to the Ketu-Epe axis.

Because of its nature as a border town, it is under great demand and is currently being bought out by real estate developers and private individuals.

Omu Ketu links Ijebu Ode through to Ibadan in Oyo State

By the time the roads are properly connected, Omu Ketu will link easily to major parts of Lagos and Ogun, including Ikeja, Epe, Ketu, and Mile 12.

This makes it a super real estate destination for residential and commercial purposes.

2. Affordable Land Prices with High ROI Potential

Because there is no huge rush for Omu Ketu currently, even though the rush is already gaining momentum, the place is still very affordable compared to nearby neighbourhoods like Epe.

Omu Ketu offers low land prices that will allow you to make a small investment that will yield high returns.

See, you can have worries about when the land prices will increase.

But if you look at Ikorodu from 25 years ago or Epe from 5 years ago, Omu-Ketu is at that point now!

Instead of looking at the undeveloped state of the land, look out for the potential increase that it can have when the area finally opens up big time.

When the road becomes completely tarred.

When families start building homes to raise their kids

When schools are being built

When marketplaces are created

These are factors that will make the price of the land in the area skyrocket…

But again, don’t wait till these happen. Instead, buy before anyone else realizes!

Here's the most affordable and genuine land in Omu Ketu right now

3. Road Access to Inland Lagos and Ogun

It is not every day you see an Ikorodu-type of area spring up in the middle of nowhere.

And that is exactly what Omu-Ketu is! Besides being very affordable, the area is the next go-to location for business investors who are looking for smooth reach to Lagos and Ogun at the same time.

And because of this, you can expect mass migration into the area. Families who live in rented properties in places like Ikorodu down to Mile 12 will want to build their own homes. As a result, the population increased massively.

As I mentioned above, this means new schools.

New schools mean new teachers.

More families and new teachers mean improved roads for smooth commute

More population will result in an expanding commercial district.

This is one of the top reasons you must consider before you buy a land in any parts of Nigeria

4. Growing Demand Among Realtors

In my years as a real estate investor, I always advise my clients to LOOK OUT FOR AREAS THAT PEOPLE ARE RUSHING.

It is a simple formula that works every time!

Right now, the most in-demand spot in Lagos for big-time real estate investment is the Omu Ketu because of its strategic location and prospects.

If you are an investor or a buyer looking to sell eventually, this is a pointer to where you should buy next.

Unlike other investment types where you may be told to buy when others are selling, it doesn’t always work like that in real estate.

If you notice that other investors are hot-buying an undeveloped area, you should also buy…

But buy with the intention to HOLD.

5. Proximity to Emerging Commercial and Industrial Hubs

Despite Omu-Ketu's remoteness, it is quite accessible to industrial hubs like

The Odogunyan Industrial Estate, which is just 1 hour away
The Lagos Rice Mills, which is 35 minutes away, and
The Omu Market

The implication of these factors is that there is more employment around the area, resulting in more workers looking to settle.

This gives the average investors great hopes of a rental market that brings returns on investment in the long run!

Here's is our offer for you. You can pay for the land for 6 months

But before you buy land in Omu-Ketu, you must look out for legitimate land documents.

Land Document You Need When Buying Land in Omu-Ketu

Good documentation is one of the best ways to protect your land.

This doesn’t just show that you own the land; it also keeps you at peace in case of legal battles in future:

1. Certificate of Occupancy (C of O)

If you buy in Omu Ketu, the Ogun State Government will issue this to you.

The C of O confirms your legal ownership of the land.

As a result, ownership is transferred to the new buyer by the state governor for a specific period, typically 99 years.

2. Deed of Assignment

The Deed of Assignment is probably the most important document you could get.

This is because it is the only document that shows that the title in the land was actually transferred to you from the original owner.

3. Survey Plan

This outlines the property's coordinates (locations), size, and boundaries.

It ensures that your land is not inside a stretch of land that is for government projects.

IT also shows the Land Office that your land is in line with government-approved layouts.

The survey plan is usually submitted to the Surveyor General in the state where the land or the property is located.

4. Governor's Consent

Many people think that Consent automatically comes with a C of O.

But not every time.

You still need the Governor’s Consent to resell your property. It is the state’s acknowledgement of the transfer of ownership.

5. Deed of Lease

This is similar to a deed of assignment for leased properties. It clearly defines the terms and conditions of property use between the owner and tenant.

6. Building Plan Approval

This ensures that the property construction complies with local building regulations and zoning laws.

7. Land Purchase Receipt

A proof of payment you get from the seller that shows that they have received your payment for the land or property bought.

Note: If you are buying from a family or community, ensure that the signatory is unanimously agreed upon by all the decision-makers in the family or community. This creates a legal backup for you in case of a contest for the land in future.

If you need any guidance regarding how to buy land in Omu Ketu, reach out to me at info@possilaproperties.com

by Tayo Aladetoyinbo

How Real Estate Makes Money in Nigeria

This article is about how real estate makes money in Nigeria

Nigeria is the first country that comes to mind when you hear the phrase “real estate investment in Africa”. This is because its ecosystem has made it easy for investors to make money in real estate.

BUT DON’T TAKE MY WORD FOR IT

There are stats to show for it…

Nigeria is one of Africa’s largest economies and is the most populated country on the continent.

It also had an average median age of 19 as of 2023, one of the youngest in Africa.

Nigeria also has one of the fastest-growing populations in the world, increasing by 2.52% in 2024.

BUT everything I just mentioned are facts. And they DON’T make you money in real estate.

In this article, I will show you

Niches to invest in real estate in Nigeria to make money
How to invest smartly in those niches
What to do to protect your investment

Ensure you read it to the end, I added one extra hack to identify the best locations to invest in Nigeria in 2025.

How to Make Money in Nigeria Real Estate

If you want to start making money in real estate, you must invest in specific niches first.

These niches will determine how much you make in the long run.

They will also determine how long you have to invest before you get returns on your investment.

Here are the 5 best Nigerian real estate niches I always advise people to put their money in:

1. Rental Income

Many children in the university today are there because their parents had rental properties that kept generating revenue for them for many years.

The great thing about building a property for rent is that all you need to spend is your property maintenance and land charges.

On the other hand, your rental income keeps increasing almost yearly, depending on the inflation rate.

You can build any of these 3 forms of rental income properties:

Residential rentals: For living only (apartments, duplexes, serviced apartments)
Commercial rentals: For living and operations-related business activities. These include office spaces and shopping malls
Short-term rentals: These are for short-term living agreements. An example is a Airbnb or a guesthouse

2. Land Banking & Property Appreciation

Unlike rental incomes where you buy land and develop it for rent, you only buy land and keep it until it appreciates. Land banking follows this formula:

L + A + S = P

Buy land + Let it appreciate + sell it = make your profit income

However, while this looks simple, there are factors you must consider when buying land. These include :

Location of the land: If you buy land to sell later, ensure you buy in a place that has the potential to develop. One of the clear signs is the rising population around the place.
The authenticity of the land: You must verify the ownership of the land before you start buying it. Where you cannot find the original owner of the land or the owners cannot produce the original document, don’t buy.
Development around the land: Watch out for development around your land. If you buy land in a thick forest in the North Central, you may not see any yield for the next 20 years. Instead, you need to look for areas with slight development and potential to attract other buyers

3. House Flipping

House flipping is another way real estate makes money in Nigeria. It involves reselling a renovated property.

If you want to flip houses, here is what to do

Buy a property that is unoccupied and needs renovation.
Renovate it with new additions like tiles, POP, and new kitchen sinks
Then put it back on the market for sales

House flipping is not so popular in Nigeria because people hardly leave their homes empty. But if you can keep finding properties like these through court or bank auctions, they can be a goldmine.

4. Real Estate Investment Trust

These are great alternatives to all other ways of making money in real estate.

Here, you come as an investor to add your funds to a company that acquires, manages, and generates income from various types of real estate investment.

Your investment will be more like a share in the company.

There are different types of REITs in Nigeria including:

Equity REITs: These focus on residential and commercial properties and earn return-on-investment through rent and long-term property appreciation.
Mortgage REITs: These REITs provide funding for property developers. They get dividends from the interest on the loans given to the developer who repays within an agreed period.
Hybrid REITs: Hybrid REITs combine the properties of both equity and mortgage REITs. Thus, investors can benefit from both property income and mortgage interest earnings.

However, there are some things you must watch for with REITs. While they may look great on paper with the promises of passive income, you need to do

Research and select a REIT company

Open a brokerage account
Monitor the company’s performance
Reinvest your dividends on investment to get compounding returns.

5. Land Flipping

Land flipping is another great way to make money in real estate in Nigeria.

Just like house flipping, land flipping involves buying a raw land in bulk at a discounted price and reselling at a profit.

The difference between land banking and land flipping is; land banking means you buy a raw land and keep it for years, from 2 years and above before selling or building on it.

While land flipping means you buy land and sell almost immediately.

To successfully make money from land flipping, you'll need to add values to the raw land before selling.

Without this, you may not see a good profit margin from it.

7 Steps to Start Making Money in Real Estate in Nigeria

As you may have seen, real estate is a simple way to make money in Nigeria.

But if you take the wrong steps, you can lose both your capital and your profit…

Let me show you this routine I follow everytime I want to invest in any real estate project. It will help you too:

1. Define Your Investment Goals

Before you start investing in real estate, you need to know what you want to achieve. It can look like this:

I want to make passive rental income in 5 years from now
I want to make profit from my land’s long-term capital appreciation
I want to work my normal job but make money through REITs

You may also choose to go for quick returns from property flipping.

Break down your goals into short and long-term achievable phases. Also, consider factors like budget, target locations, and expected ROI.

2. Conduct Market Research

After creating your goals, you need to do your market research to know how well the market patronizes that sector.

Also check for other factors such as

Growth in the locality you are investing in
Legal regulations in the area
Demand for property
Other risks attached to your investment type.

In a place like Nigeria with very little online resources, I’d suggest you visit the area by yourself to ask the people living there about these factors

You can also speak to real estate agents that operate in the area to keep you informed.

3. Choose the Right Investment Type

One of the ways you can really make real estate money is by focus. When doing your research, you may do it in many areas, but fix your focus on one and carry on from there.

As I mentioned above, there are multiple options you can pick from including:

Land Banking
Short-Term Rentals
Real Estate Investment Trusts (REITs)
Residential Properties
Commercial Properties

4. Get Financing

Your next step will be to secure capital that will help you start and sustain your investment. You can use various means including:

Personal savings
Cooperative societies
Bank loans
Mortgages
Partnerships.
Joint Ventures

5. Work with Real Estate Professionals

Real estate is a very wide sector. You just can’t know it all. This is why you need to get as much guidance and support from professionals, no matter how experienced you are. Some of these professionals include:

Real Estate Agents
Surveyors
Lawyers
Accountants
Property Managers
Building contractors

6. Do Your Due Diligence

Before you finally buy a property, make sure you verify the legitimacy of the property and the seller.

Here are some important things you must look out for:

Land titles (C of O, Governor’s Consent, etc.)
Prior encumbrances or disputes
Physical condition of the property
Development plans in the area

Read also: The Complete Guide to Real Estate Investing in Nigeria

7. Manage Your Property Effectively

To manage a property effectively, you must regularly maintain it, collect your rent on time, and comply with housing laws of the state your investment is.

But that is not all

Also, include management that can help you to maximize profitability. These efforts should include:

Renovations
Upgrades (attaching newer fixtures and fittings to increase your property’s value)
Expansion (if you have extra land space)

As You Start Your Real Estate Investment Journey…

I have been investing in real estate for years now…and I know that it pays.

But the difference between the investor who makes money and the one who doesn’t is simply information…

In this article, I have shown you the basics to making money in real estate in Nigeria.

You have also read the steps you ought to take to start your journey as a smart investor…

But it is not enough to read these, you must take action.

Do well to do your research before you start investing.

If you would like to make money in real estate in Nigeria, send an email to info@possilaproperties.com

by Tayo Aladetoyinbo

Top 5 Reasons to Buy Land in Ikorodu

Introduction

This article, top 5 reasons to buy land in Ikorodu is written to show you why you should buy land in Ikorodu.

Some 10 years ago, Ikorodu was regarded as the “backyard of Lagos” where nothing happens.

Now, it is one of the only two cities in Lagos that have more than one million residents.

And this has made it one of the top places to buy land in Lagos.

Apart from the ever-increasing population, many other factors have made Ikorodu a top choice for real estate investors and private individuals.

In this article, I will show you

How the Fourth Mainland Bridge will change everything about Ikorodu
What universities have brought to Ikorodu's real estate economy
How Ikorodu compares to other big cities like Ikeja

What Are the Top 5 Reasons to Buy Land in Ikorodu?

As I already mentioned above, Ikorodu is not only a fast-developing city, it is also one with a multiplying population.

Out of all the local governments in Lagos, it is one of the most strategically positioned areas.

Because of this, you can access good roads, city centres, and even leisure areas.

Here are five reasons why buying land in Ikorodu will be a smart investing decision:

1. Strategic Infrastructure Development

One of the top 5 reasons to buy land in Ikorodu is the high level of infrastructure development that is happening in that corridor.

If you look at the biggest cities in the world with the best real estate RoI, you will notice the presence of infrastructure.

London, for instance, is home to the tunnel train route that links the UK to Europe through France.

New York has one of the largest harbours in the world.

And Delhi has the highest number of foreign company offices within an Indian city.

Ikorodu is also on that journey with massive developments ongoing and in plans. The 38-kilometre Fourth Mainland Bridge will connect the city directly to Lagos Mainland and Lagos Island.

This will reduce travel time by hours. That way, commuters can easily skip the traffic jams that they encounter in places like Agric, Maryland and Mile 12.

Also, it will attract more investors as better traffic will result directly in more people moving into Ikorodu.

Nobody will want to rent a 2 million naira 2-bedroom flat when they can get a 3-bedroom flat for the same amount in a location with fast road access.

The Lekki-Epe Expressway brought an unbelievable price increase in land along that corridor. And this was good news for all investors who had bought land there early.

So, if you are considering investing in Ikorodu or buying to build, now is the best time before the prices increase.

Also, read: 7 mistakes to avoid when buying land in Ikorodu

2. Affordable Land Prices

Unlike most parts of Lagos that have lesser populations like Lekki and Victoria Island, land in Ikorodu is still affordable.

And the reason for this is not far-fetched.

Ikorodu was seen by many as a forgotten part of Lagos with no potential for growth because of its poor road network.

But when the Sagamu Road and the Mile 12 roads were constructed, the city suddenly began to get attention.

Yet, there are still so many unexplored hinterlands in Ikorodu. For instance, there are still parts of places like Odogunyan, Ijede, and Igbogbo that have not been developed.

Because of this, land in Ikorodu is very affordable compared to places like Ikeja and Ogba.

Don’t get me wrong, the lands in these super-developed areas of Lagos were also small at some point in the past. But it is a different ball game now.

And that is how Ikorodu will be in the near future too. So, take advantage now.

To make things more exciting, you can still find a real estate company that will allow you to buy land in instalments. So, you don’t need to wait for a fat check- you can start with just a fraction of your salary.

3. Proximity to Key Economic Hubs

Ikorodu is a border town that connects Lagos and Ogun. This has made it a go-to location for transporters, manufacturing companies, warehouses, and commercial structures like shopping complexes.

And because of all the infrastructural development underway, Ikorodu will allow its residents to have smooth access to the Lagos Free Trade Zone and the Lekki Deep Sea Port.

As a result, the city will also experience more traffic and more investment along the routes.

Because of these economic facilities and potential, Ikorodu is now an economic hub that provides

Employment for workers
Good startup locations for entrepreneurs
Great atmosphere for investors

For companies, this central location helps them to speed up supply, get access to resources, and still reach the market faster.

For employees, it means shorter commute time to work and exposure to other opportunities

And for investors, it is a chance to explore multiple streams in one locality.

As I always say, land will not wait for you before it appreciates. So, no, don’t wait before you start buying land.

4. Presence of Educational Institutions

If you want to know if a place is really developing, look out for schools. It is the clearest sign of an expanding population and the economic standards of the neighbouring communities of that place.

Ikorodu is home to several reputable educational institutions, including Lagos State University of Science and Technology (formerly LASPOTECH) and Caleb University.

These institutions attract students, academic and non-academic staff as well as contract workers for specific projects. And this causes a steady flow of demand for housing.

This opens a huge window of opportunities for investors who may want to buy land and develop rental properties on it.

Not surprisingly too, Ikorodu has a huge number of schools. This shows a heavy presence of families who are looking to stay long-term in the area- and it presents another investment opportunity.

It is simple.

Just buy land

Hold it for some years. Let the price go up naturally.

Don’t worry about who will buy it. Just leave it

Some years later, people who are looking to settle with their kids for a long-term stay will come and buy.

This is one of the biggest reasons I always consider before I buy real estate anywhere in Nigeria.

5. Growing Industrialization and Employment Opportunities

Over the years, Ikorodu has developed into a full mixed-use area with commercial and residential areas.

Yet it has one of the most fascinating locations in Lagos- an Industrial Estate! Here, you have multiple companies like Dangote Pasta Factory and UAC Foods Limited.

Other major projects in the city include the Imota Rice Mill which is one of the biggest of its kind in Sub-Saharan Africa.

This mill alone has been creating hundreds of jobs at its construction level and is expected to create thousands of jobs, attracting workers and boosting demand for housing.

Where there are more jobs like this, there will be work-induced migration

And with more migration, there will be a heavier demand for rentals, schools, and even restaurants and hotels.

Final Thoughts on Why You Should Buy Land in Ikorodu

One of the secrets of smart real estate investors in Nigeria is knowing where and when to invest.

And Ikorodu is one of those where to buy land in Nigeria.

If ever you want to buy land in Lagos, here are the top 5 reasons why you should choose Ikorodu:

Better infrastructure developments
Affordable land prices
Reputable educational institutions
Proximity to economic hubs, and
Fast-growing industrialization

Investing in Ikorodu now will allow you to capitalize on its potential before prices increase.

So, don’t miss the chance to be part of Lagos’s next big success story. Act now and secure your piece of Ikorodu’s promising future.

by Tayo Aladetoyinbo

7 Mistakes to Avoid When Buying Land in Ikorodu

Introduction

This article is about 7 mistakes to avoid when buying land in Ikorodu.

Buying land in Lagos can be a crazy problem, especially if it is your first time.

It can be even worse if you buy land in a suburb like Ikorodu. This is because there is so little information about Ikorodu land online.

All you may see online about buying land in Ikorodu may be listings about land for sale. Because of this, many people make mistakes when buying land.

Buyers are likely to go headlong into transactions without researching properly and this is why many people get duped of their money.

In this article, I will be showing you

7 common mistakes you must never make when buying land in Ikorodu
The documents you must have when buying land in Ikorodu

READ: what to know before buying land in Ikorodu

7 Common Mistakes to Avoid When Buying Raw Land in Ikorodu

When you often buy land in suburbs like Ikorodu, you can make these mistakes without knowing it.

And by the time you realize these mistakes, it may just be too late for you.

Here are 7 mistakes you must avoid actively if you want to avoid real estate troubles in Ikorodu:

1. Neglecting Due Diligence

This is the number one thing I tell anybody who wants to buy land for personal or investment reasons anywhere in Nigeria.

In advanced places like the United States and Europe, you can easily go online and find all the details you need about buying land in a particular place. All you need is your Internet and your computer.

But it is a different story in Nigeria!

Even if you have the fastest Internet network, there is so little information on land and its purchase process online.

And this is where you have to take due diligence seriously.

Due diligence is beyond just knowing the price of the land. Here are 3 things you should do when you're doing due diligence on land:

Meet the Landowner

If you have found a spot that you want to buy, make sure you connect with the landowner, if it is a private property.

But if you are buying a family land, make sure you meet the head of the family and the other decision-makers in the family.

When you are buying a family property, it is a different dynamic. If only the family head sells to you without the approval of the decision-makers in the family, it can be a problem.

This same rule applies when you are buying community land. If only the chief approves the sale, your land can be taken from you.

So, you need to ensure that you do not only meet the family or the community chiefs. Do well to ensure that the decision-makers in the family or the community approve your purchase.

Lastly, if you will be dealing with an agent, make sure that they are communicating your demands and needs to the owner of the property.

Also, confirm that you are communicating with the owner’s legitimate agent.

Go to the Land Office

Many times, you may want to trust the agent, the family head or the community chief because they have produced land documents.

But you should not rely on that.

Instead, get a surveyor and get the coordinates of the land you want to buy. Then, take the coordinates to the Land Office of the state you are buying in.

At the Land Office, you will be told who owns the land. You will also get to know whether or not the land is owned by the government or not.

This way, you will avoid buying land that is already reserved for government use.

Local Research

After you confirm the legal status of the land, you need to do your personal local research. Go to the community where you want to buy and ask questions like

Is there any conflict on the land?
What is the history of the owner?
Why is the land vacant when there are developing properties close to it?
Has there been previous development on the land?
Which local leader do you need to meet if there is a conflict on your land?

Simple questions like this can save you a huge deal of legal issues in future.

2. Overlooking Proper Documentation

As I already mentioned above, it is not enough to see good documentation, it is necessary to verify them.

If the property already has a Certificate Certificate of Occupancy (C of O), get your lawyer to help you review it and confirm if it is valid. The best way to do this is to reach out to the Governor’s Office.

If you are using an agent, follow up every transaction that they make on your behalf. Ensure that the Deed of Assignment is signed by the right parties.

Also, look for an independent lawyer who can verify the parties to the Deed.

When you get these documents right, it will help you have a good defence if there is any conflict arising from the land in the future.

Read to the end of this article, I will show you 4 documents you must get when buying land in a place like Ikorodu.

3. Skipping Professional Surveys

Before you finally buy, make sure you get the coordinates right. Ensure you hire the services of a licensed surveyor who will help you get the correct coordinates.

Naturally, you may want to do this by yourself but it is advisable to use a professional who has more experience.

This single step will help you avoid issues such as boundary disputes and encroachment problems.

4. Ignoring Zoning Regulations

For every state, there are specific local zoning regulations. If you want to buy land in Ikorodu, you need to follow regulations that apply to Lagos State in the Lagos State Urban and Regional Planning and Development Law.

The law specifies peculiar issues such as

How you can use certain lands
The height of your building in specific areas
Permits you need from the Lagos State Physical Planning Permit Authority (LASPPPA) before construction
Plans for large developmental projects
Building codes, structural integrity, and safety measures

Where you buy land without knowing the zoning regulations there, you can have restricted use of the land.

Here are some things you need to know about land use classifications in Ikorodu:

Residential Zones: Residential zones in Ikorodu are mostly low-density and medium-density housing estates.
Most communities like Igbogbo, Gberigbe, and Ijede are now expanding fast with new housing developments.
Due to specific restrictions, you cannot build high-rises in these kinds of areas.
Commercial Zones: Places like Ikorodu Garage, Agric, and Ita-Elewa are dominantly commercial hubs.
Because of this, you see mixed-use development such as shops and offices within residential areas.
Industrial Zones: Ikorodu is a feeder town between Ogun and Lagos so this has made it a hot target for manufacturing companies. It allows them to access both states easily with the ease of transport ease.

Odogunyan Industrial Estate, for instance, is a major hub for manufacturing and heavy industries. Ikorodu is also home to Dangote Pasta Factory and UAC Foods Limited.
If you want to set up a factory or warehouse in Ikorodu, you’d have to get specific permits
.
Mixed-Use Zones: While some commercial zones are mixed-use, there are other dominant mixed-use locations in Ikorodu like Ebute, Owutu, and Baiyeku. In these places, you can have mixed residential and commercial developments.
Agricultural and Green Zones: Some parts of Ijede and Imota in Ikorodu are reserved for agriculture. Other conservation and flood-prone regions are kept by the government for large-scale construction.

5. Failing to Conduct Physical Inspections

This is a mistake most absent investors make. Don’t rely on the documents to judge the kind of land you are buying. Some lands are flood-prone. Some have a terrible history of security issues.

If you are buying for farming reasons, for instance, you need to confirm with farmers in the area about the wellness of the soil.

If you want to develop your house, you might need to check for things like

Access to electricity
Drainage system, and
Flooding issues

6. Disregarding Infrastructure Development Plans

If you want to buy land in locations in Lagos, it is best to be aware of government infrastructure in the area that will increase the worth of your property. Take advantage of projects such as

Itokin-Epe-Ikorodu Road
Proposed Fourth Mainland Bridge
Ikorodu Ferry Terminal
Imota Rice Mill

These developments are indicators of growth and development in the area. As a result, the rate at which your property gains more value and appreciation.

7. Falling for Unrealistic Deals

One of the biggest mistakes that you can make when buying land in Ikorodu is to jump at deals that are too good to believe.

When you see signs like Ikorodu land for sale, make sure you research how much the average property in the area is.

For instance, it is not possible to buy one plot of land for 1 million in places around Lagos State University of Science and Technology.

If you see that the deal is too good to be true, drop it immediately. It is a scam waiting to explode!

4 Documents To Consider When Buying Land in Ikorodu

As I mentioned above, you should not make the mistake of buying land in a place like Ikorodu without getting the appropriate documents.

I often get asked this question: “What documents should I ask for when buying land?”

It is simple.

If you want to buy land from a family or a real estate agent, these are 4 vital documents you must ask for and ensure that you get.

If you can't get them, just walk out of the deal. It will save you a truckload of trouble in future:

1. Deed of Assignment

I put this one ahead of the rest because it is the most important of all the documents.

You can have the remaining three documents and still lose your land if you don’t have your Deed of Assignment.

The deed of assignment is a document that shows you the buyer and the seller.

It clearly shows that the seller (assignor) has permanently transferred the title of the property to the buyer (assignee).

For instance, if you buy a family land in Baiyeku, you must collect a document that shows that the head of the family and a principal witness have sold the land to you after you paid for it.

If you are buying from a real estate company selling an estate, you may get other details on the Deed like the land next to you, the land beside you, and even a map of the estate attached for your reference.

2. Survey Plan

The Survey Plan is a document that shows details of your land such as

Size
Boundaries, and
Location (Coordinates)

By law, you are required to register this document at The Office of the Surveyor-General.

As a result, anybody can check to see if the government or a private individual owns your land.

If you can get this sorted, no one will want to buy your land from a scam seller. They would have confirmed from the land office that the land already belongs to someone else.

3. Purchase Receipt

This is simply evidence of payment for the land.

When you pay for the land, get a family receipt that features

The family insignia or logo
The size of the land bought
The amount paid for the land
The signature of the seller

Besides being evidence of payment, you will need a receipt to register your land at the Land Office.

4. Certificate of Occupancy / Governor’s Consent

The C of O shows that the state and its laws recognize the buyer as the new owner of the land.

It is usually issued by the Governor to show that he knows that you have bought land in that state.

With a C of O, the governor transfers the statutory right of ownership from his office to the buyer for as long as the law allows.

Many people don’t like getting a C of O because it is quite expensive.

But if you are buying land from someone who already has a C of O, you won’t need to get another one. You will only need the Governor’s Consent on your Deed of Assignment.

Final Thoughts on 7 Mistakes to Avoid When Buying Land in Ikorodu

You can have all the money to buy land in Ikorodu but you have to be very careful not to waste it. Avoid making mistakes that will cost you your land such as

Not doing due diligence
Skipping the proper documentation process
Ignoring zoning regulations
Not conducting inspections on the property
Going for unrealistic deals
Closing your eyes to infrastructural development

Also, ensure that you get your documents right:

Deed of Assignment
Survey plan
Purchase receipt
Certificate of Occupancy

Once you can avoid these mistakes and have the right documents, you will secure your land without the fear of anyone taking it from you.

by Tayo Aladetoyinbo

What to Know Before You Buy Land in Ikorodu

If you google "land in Ikorodu" you'll see more than 1 million results. This article is written to help you make an informed decision when you want to buy land in Ikorodu.

In 2022, Ikorodu became Nigeria’s 12th largest city with a population of 1.04 million residents.

To the average person, this is a magnet for real estate investment.

But even as these figures offer great opportunity, acting on them without proper planning can land you into investment troubles.

So, when next you see a banner that says “Ikorodu Land for Sale”, calm down. Take a pause. There are vital things that you must consider before you commit your money, time, and energy to buying land in Ikorodu.

A lot of people have lost their hard-earned money buying land in Ikorodu because they bought land with government acquisition.

And such land is plenty in Ikorodu. You need to be well informed about the location before making a buying decision.

In this article, I will show you

4 things you must know before you buy land in Ikorodu
3 crazy mistakes you must avoid before buying land
4 documents to ask for when buying land in Ikorodu
5 Reasons to Buy Land in Ikorodu, Lagos

READ: Secrets to know before buying land in Lagos

4 Things To Consider When Buying Land In Ikorodu Lagos

In my years of experience as an investor and a consultant in real estate, I have invested in Osun, Ibadan, Abuja, and Lagos, but I have noticed a pattern.

And everyone I have consulted for always come back with one testimony: “Thank God I bought with you”.

This is because real estate is beyond just buying land. It is about finding land that is good for investing for all kinds of uses.

If you will be buying land in Ikorodu, let me show you 5 things you must consider before you pay for the land:

1. Location

Ikorodu is wide (a part is in Lagos State, the other part is in Ogun State) but it is also densely populated. It is currently one of the two cities within Lagos to have more than 1 million people within it.

This means that there are many people on little land. And this is where you should be careful.

Because you see a massive population doesn’t mean that the place is good to buy.

Instead, look out for locations within Ikorodu with these characteristics:

Good road network
Growing (not large) population especially for land banking
Amenities such as schools, markets and hospitals
Good land titles

The advantage of buying this type of property is that you can buy at a lower price and sell for a high price when the area eventually explodes.

Another big advantage is that you can develop it for your personal use.

These simple places allow you to raise your family in a serene environment far away from the hustle and bustle of the central Ikorodu area near the Garage and the Oriwu Central Mosque.

2. Your Target Market

Now this option is for investors but you can also read it if you want to grow your knowledge.

If you want to invest in Ikorodu, you must understand your target market as an investor first.

If you want to build commercial real estate like a row of shops or a shopping complex, you will have to buy land closer to where many people live. And that would be more expensive.

But if you want to buy land that you can resell to families looking to settle, you can go to the suburbs with characteristics that I described above.

When you buy this kind of land, you keep it till it appreciates and then you can sell it off at an interest.

Here are some amazing ideas you can execute in the developing parts of Ikorodu

Restaurant and bar
Hotel
Schools
Shops for building materials

If you know your target market, you will be able to decide on the place you want to buy land in Ikorodu.

3. Cost of Building and Maintenance

If you are a family person or a real estate investor who has found a spot, my first advice for you is to sit down and calculate every penny you will need.

See, building a house and developing real estate is not child’s play.

You can rush in and not be able to complete your house

You can start developing a storey building and go broke at the decking level.

To avoid these troubles, you must first consider the amount you can commit to developing your land every month.

If you are a salary earner, how much percent can you drop monthly?

If you are getting a government grant or loan to develop property, can it cover the kind of property you have in mind?
Would you need to draw another plan that will fit your budget?

Always consider the money factor, it is too important!

4. Legal Considerations

Lagos is called the land of wisdom for a reason. You must understand the legal implications of every single move you make when buying land, especially if you are buying from families in places like Ikorodu.

This is not an attempt to paint them as bad people but you have to be very careful when you transact.

After you find the land you want to buy and you meet the family, make sure you collect all the land documents with your lawyer present.

One of the legal sides that many people overlook is the approval stage.

When you buy from a family, one man cannot approve the transaction.

He may be the family head but he must get the approval of the decision-making elders in the family too.

If you buy without full consent from all the necessary people, your land can still be taken from you and you will have no defence in court.

In this next subtopic, I will also show you all the land documents that you must get from the land owners to show that you now truly own the land and are entitled to enjoy and even sell it.

4 Documents to Consider When Buying Land in Ikorodu, Lagos

“What documents should I ask for when buying land?”

I get this question a lot and here is a simple answer…

If you want to buy land from a family or a real estate agent, these are 4 vital documents you must ask for and ensure that you get.

If you can't get them complete, just walk out of the deal. It will save you a truckload of trouble in future:

1. Deed of Assignment

I put this one ahead of the rest because it is the most important of all the documents.

You can have the remaining three documents and still lose your land if you don’t have your Deed of Assignment.

The deed of assignment is a document that shows you the buyer and the seller.

It clearly shows that the seller (assignor) has permanently transferred the title of the property to the buyer (assignee).

2. Survey Plan

The Survey Plan is a document that shows details of your land such as

Size
Boundaries, and
Location (Coordinates)

You are required to register this document at The Office of the Surveyor-General.

As a result, anybody can check to see if the government or a private individual owns your land.

With that, you can avoid issues of multiple sales of land that has already been bought.

3. Purchase Receipt

This is evidence that you already paid for the land.

When the buyer pays the full cost of the land to the seller, the seller will then issue the receipt.

The receipt is important because you will need it to register your land at the Land Office.

4. Certificate of Occupancy / Governor’s Consent

The C of O shows that the law recognizes the buyer as the owner of the land.

It is issued by the Governor, acknowledging that you have taken an interest in land in that state.

By law, the governor holds the land on your behalf. But with a C of O, the governor transfers the statutory right of ownership from his office to the individual buying the land.

But if you are buying land from someone who already has a C of O, you won’t need to get another one.

You will only need the Governor’s Consent on your Deed of Assignment.

5 Reasons to Buy Land in Ikorodu, Lagos

If you have any doubt about buying Land in Ikorodu, here are five reasons that you should change your mind:

1. Infrastructural Developments

Ikorodu is growing rapidly thanks to major infrastructure projects including the proposed Fourth Mainland Bridge. This project aims to connect Ikorodu directly to other parts of Lagos Mainland and Lagos Island.

As a result, people can come in and out of the city faster than ever before, thereby increasing the number of residents that the city will have over time.

By default, the value of any property you buy today will increase when the project is complete.

Additionally, the Lagos State Government has approved the establishment of a new NYSC permanent orientation camp in Ikorodu.

This development will attract an influx of officials, corps members, and other businesses.

This will be a big chance to invest in residential, commercial and recreational real estate.

2. Affordable Land Prices with High Appreciation

Unlike many other parts of Lagos, Ikorodu offers relatively affordable land prices. These allow you to buy low and sell high even on a tight budget.

And as the area keeps developing, property values will appreciate and turn out more RoI over time.

3. Proximity to Major Economic Hubs

Ikorodu is central to economic centres like Maryland, Mile 12, and even Sagamu in Ogun State.
Because of this proximity, it can grow to be one of Lagos’ biggest innovation hubs attracting investors and expatriates.

Also, with the completion of the Fourth Mainland Bridge, the city will have direct access to the Island, opening it up to greater strategic opportunities.

4. Education Industry Growth

Ikorodu hosts several reputable educational institutions, including Lagos State University of Science and Technology and Caleb University.

This assures of a steady flow of populace who make up tenants, hence increasing chances for housing and commercial real estate.

Even more, you can invest in commercial real estate such as hotels, restaurants, clubs, and bars.

For instance, Domino's Pizza, ColdStone, KFC, and Tasty Fried Chicken all have branches in Ikorodu.

5. Robust Transportation Networks

Ikorodu has a well-developed transportation network that includes smooth roads and excellent water transport options which are being improved daily.

This connectivity links it to various parts of Lagos and even surroundings such as Ogun and Ibadan.

This increases its attractiveness to people looking to settle away from the busy city centres such as Mile 12 and Ikeja.

3 Common Mistakes You Must Avoid When Buying Land in Ikorodu, Lagos

As I already mentioned, you must look for all ways to secure your investment. Here are 3 common mistakes I have noticed that buyers make and that you should avoid:

1. Not Doing Legal Due Diligence

One of the biggest mistakes you can make when buying land in Ikorodu is to neglect to do your legal due diligence.

Make sure you hire a lawyer who has a history with land cases and can advise you on the specific steps you need to take to protect your land.

You can also engage a real estate company that has a track record of integrity when buying land in Ikorodu.

This is the best way to protect your land from any future legal battle that can shake the foundation of your land security.

2. Not Budgeting

It is easy to get bamboozled by the prospect of buying low and selling high in a place like Ikorodu.

But you need to calculate other costs aside from your purchase amount. These can include

Cost of documentation
Cost of perimeter fencing, and
Maintenance fees

If it helps, you can hire an accountant to build a detailed financial plan for you. These help you to create a sustainable investment strategy.

3. Rush

The riskiest mistake you can make as a land buyer in a place like Ikorodu is to make decisions in a hurry.

Many people do this because they “don't want to miss out on an opportunity”. As I already mentioned, take your time to count the cost.

Research the kind of property you want to buy.

Know the location you want to buy in based on the market that you want to sell to.

If you are a family person, scout locations that will help you to raise your family peacefully.

Tick all the boxes so you won't have regrets later.

READ: Real Estate Investing for Beginners in Nigeria: The Complete Guide

Finally, As You Go On To Buy Land in Ikorodu

Buying land in Ikorodu can be a profitable investment, but only if you take the right steps to protect your interests. Here’s a quick recap of what you need to keep in mind:

Choose the Right Location – Prioritize areas with good road networks, growing populations, and essential amenities.
Know Your Target Market – Whether you’re buying for personal use or investment, understanding the demand will guide your decision.
Plan Your Budget – Account for land costs, documentation fees, and development expenses to avoid financial strain.
Ensure Legal Protection – Verify land ownership, collect necessary documents (Deed of Assignment, Survey Plan, etc.), and consult a lawyer.
Avoid Common Mistakes – Don’t rush, neglect legal due diligence, or underestimate costs.

By taking the time to research, plan, and seek expert advice, you can secure a profitable and stress-free land investment in Ikorodu.

by Tayo Aladetoyinbo

When to Buy Real Estate in Nigeria

Real estate investing can be time sensitive. Therefore, when to buy real estate in Nigeria is one of the best questions to ask.

Real estate in Nigeria appreciates rapidly, and the savviest investors buy before the market rush.

To make smart investments, consider factors such as location, accessibility, funding, market trends, and legal documentation.

Invest early to secure high returns!

When Should You Buy Real Estate?

The best time to buy real estate is now.

In my years of experience as a real estate investor, I have noticed that people miss out on opportunities because they do not start early.

Real estate appreciates fast. But the difference between savvy investors and the rest is that they can identify which property develops faster.

However, they do not stop there… They also buy these properties before the market rush begins.

In this article, I will be showing you

When to buy real estate in Nigeria
How to identify good investment locations early enough
Factors to consider when choosing a preferred location
3 of the most viable investment locations in Nigeria currently

When to Buy Real Estate in Nigeria

These factors will show when to buy real estate. If you can get it right at the start, you won’t need to worry about your investment bringing the most returns eventually.

Here are 5 Seasons to Buy Real Estate in Nigeria

Before the Property Enters the Market

Have you ever heard of buildings or land that are on prelaunch sales? These kinds of properties promise to be very profitable.

Popularly known as off plan arrangements, this property can be up to 5 to 20 million naira or more when it enters the market.

This type of investment is popular because developers use this time to raise funds, so they usually make the price lower for investors.

If you are savvy enough to buy into this arrangement, you can get huge RoI when the property starts selling for its real value set by the developers.

2. When It Is Available

Land is limited. The same size of land that was available when the population of the world was 2 billion, is still the same size of land available now when the population is at 8 billion.

Whenever you see that a new location surfaces, buy it when it's still available.

For instance, when Epe in Lagos State emerged, there was huge availability unlike now.

Note, properties will always be available no doubt but it's better to be the first comer in the market rather than buying when it's already expensive.

3. When the Market is Experiencing a Downtime

The average person sells properties when the market is crashing because of fear of losing everything.

Usually, they sell at the exact cost price rather than selling at the market price all because they do not want to lose their money in a “bad” market.

When you see people selling at these prices, don’t panic. Keep your own property. Then buy theirs if you can afford it.
When the market bounces back (as real estate always does), you can then sell it at a profit!

4. Buy now

The real truth is that real estate always appreciates, especially in fast growing locations.

It's often said that you should not wait to buy real estate, but buy real estate and wait.

Now is the time to buy. But make sure you buy right. In the next subheading, I will be showing you 6 factors to consider when you want to buy real estate.

5. When There Are Golden Opportunities

There are many situations where you can get properties at great prices. some of these include

Foreclosures by banks
Auctioned properties which were impounded by the government
Subsidized housing schemes: These were created by the government to reduce investors’ spend when building properties that will be beneficial to community growth.

6 Factors to Consider When Buying Real Estate in Nigeria

As I mentioned earlier, purchasing real estate in Nigeria requires you to be savvy when evaluating your options.

Here are some key factors that will help you make smart choices and grow a profitable investment portfolio:

Location and Accessibility

The location of your property directly affects the value and the appeal of your property.

Areas that are closer to essential amenities such as schools, hospitals, markets, and public transport systems tend to have higher demand.

These properties also have faster appreciation rates.

So, if you want to invest in land in Nigeria, look for rapidly developing areas that generate high RoI.

The idea behind accessibility is that it attracts residents who intend to settle in the area because they can access day-to-day utilities like water and electricity.

2. Funding

One of the first things you must do before you dive into the real estate market is to assess your financial readiness.

If you want to start buying with your own money, are your earning and saving enough yet?
If you want to take loans from banks, are you creditworthy enough?

These are some of the questions you must ask yourself first.

Create a realistic budget that covers the purchase price, as well as other additional costs like legal fees, survey plans, and agency commissions.

Avoid overstretching your finances. Understand that property finance is a long-term commitment that requires sustainable funding.

3. Market Factors

The real estate market in Nigeria is highly dynamic because of fluctuating market prices due to supply, demand, and economic conditions.

To get an idea about this, research the recent value of property in your target location. Also, check to see the demand for properties in that area.

These factors will help you determine your capital input and it will influence your expected RoI eventually.

A simple example is buying property to resell. If your target buyer market is less than age 24, you should not go for an Ikoyi residence.

Instead, it will pay you better to buy land that is more affordable for them to buy even after you add your interest.

4. Government Policies and Regulations

Get to know government policies that affect real estate in Nigeria, such as land use laws, taxation policies, and housing schemes.

The Land Use Act, for instance, regulates property ownership. This makes it important to confirm the legitimacy of the property title.

Also, take advantage of any government incentives, such as affordable housing programs. It helps you to cut down costs and maximise returns.

5. Purpose of Investment

It is vital to understand why you want to buy the property.

Are you purchasing to live in it?
Are you getting the land to lease out a farmer while it gathers interest?

Do you want to hold your investment for long-term capital gains?

If your target is rental income, simply focus on areas that have high tenant demand, such as

Urban centers
Regions near universities and corporate hubs
Suburbs away from city centres which are more affordable for people who want to relocate to

If your goal is to develop and sell, prioritise locations that have the potential for rapid economic growth or infrastructural expansion.

6. Legal Documentation and Verification

Nigeria’s real estate market can be very fraudulent when it comes to transactions and land title.

When you want to buy real estate, ensure that the property meets the following criteria:

Has property documentation such as Deed of Assignment and Certificate of Occupancy (C of O)
There is vivid possession. If you are buying from a family, make sure you are transacting with the lead of the family and that they have the backing of the principal members of the family.

Always engage the services of a qualified real estate lawyer to conduct due diligence, verify ownership claims, and confirm the property is free from encumbrances or litigation.

Documents You Must Look Out For When Buying Real Estate in Nigeria

One of the most effective ways to safeguard your property is by having proper legal documentation. These documents not only confirm ownership but also protect in the event of legal disputes.

Here are essential documents every real estate investor in Nigeria should be familiar with:

1. Deed of Assignment

This is probably the most critical document in any property transaction. It officially transfers ownership from the seller to the buyer and serves as the legal confirmation of the property sale.

2. Certificate of Occupancy (C of O)

Issued by the state government, the C of O confirms that the land is no longer owned by the state. TI shows that the possession of such land has been transferred to an individual or a legal entity for a specified period, typically 99 years.

3. Governor's Consent

Contrary to popular belief, the Governor’s Consent is not automatically included with a C of O. This document is necessary for reselling a property. It is the state’s way of acknowledging and approving the transfer of a property within the state from the owner to the buyer.

4. Survey Plan

The survey plan outlines the property’s boundaries, size, and coordinates. It ensures that the property aligns with government-approved layouts.

It is registered with the office of the state’s Surveyor General.

5. Land Purchase Receipt

This document serves as proof of payment for the property, confirming that the seller has received the agreed-upon amount for the transaction.

6. Deed of Lease

For leased properties, this document outlines the terms and conditions of the agreement between the owner and the tenant, similar to a deed of assignment.

7. Building Plan Approval

Obtaining building plan approval ensures that any construction on the property complies with local zoning laws and building regulations.

Where to Buy Real Estate in Nigeria

Lagos: The commercial hub and real estate hotspot

Lagos is practically the capital of commerce in Nigeria, and this makes it a convenient location for people to live in.

The city has a vibrant economy fueled by several sectors including technology, finance, entertainment, and manufacturing.

This diversity causes a huge demand for residential properties, especially for workers.

One of the encouraging facts about real estate investment in Lagos is its rapid infrastructure development.

Some of these include the Lagos Rail Mass Transit and the Lekki Free Trade Zone respectively designed to ease transportation and encourage economic activities.

However, the more accessible and populated a place is, the more expensive the land there becomes.

So, if you want to invest in land in Lagos, these are the secrets you should know before buying land in Lagos.

These places are less populated but fast-developing locations and have an increasing demand for land.

Here are some of the less-populated locations places you should consider investing in:

Epe
Ikorodu
Badagry
Ibeju-Lekki

2. Abuja: the capital city and emerging real estate market

Abuja, the capital city of Nigeria, offers the perfect blend of political significance and real estate capacity.

The city which was originally planned to be a modern metropolis now attracts top foreign and local investors.

The city is mostly made up of government workers and expatriates creating an increased demand for housing.

However, just like Lagos, Abuja contains a mix of luxury and affordable land and other real estate properties.

Areas such as Maitama, Garki, Guzape and Asokoro are popular for their upscale developments, making them appeal more to diplomats and other high-income earners.

On the other hand, there are other affordable housing options in neighborhoods like Kubwa, Lugbe, Galadimawa and Idu which cater to middle-income families.

This diversity allows you as an investor to reach different market segments and get the best return out of each.

Additionally, the city’s ongoing development projects such as the Gaba-Tokula Road, including new roads and commercial centers, further enhance its investment appeal.

However, if you are looking to go into Abuja’s real estate, you engage with local experts or a seasoned real estate investor to understand the regulations surrounding land ownership.

Get to know zoning laws and property acquisition processes.

Also, look out for emerging trends that can help you make strategic investment decisions.

For land banking purposes, consider the areas in Niger and Nasarawa states that are already close to Abuja

3. Port Harcourt: the oil-rich city with investment potential

Popularly called the Garden City, Port Harcourt is another one of the best places to invest in real estate in Nigeria.

The city is the oil capital of the country and this makes it one of the most economically vibrant areas in Nigeria.

With an economy driven by the oil and gas sector, Port Harcourt provides several investment opportunities for expatriates and professionals.

So, if you are looking to find a real estate market within Nigeria, you should invest in Port Harcourt.

Here, you will find standard government workers who can afford middle-income properties.

You will also find top civil servants and oil industry personnel who can afford luxury apartments.

Check out these areas in Port Harcourt before you start investing in its real estate.

Areas around and in Old GRA and New GRA: Popular for high-end apartments and expensive land
Diobu and Eagle: More affordable for investors and residents alike
Key areas with major government projects such as Etche (PH Ring Road) and Eleme (the PH Mega City).

However, if you want to invest in real estate in Port Harcourt, you ought to be cautious.

The oil market can be volatile and this can directly influence the demand for properties within the local economy.

Ensure that you perform extensive market research and analysis.

The volatility of the oil market can impact the local economy and influence the demand for property.

Also, be careful to invest in very safe and secure areas that are not prone to attacks by illegal criminals.

You can get to know this information by engaging with local real estate professionals. These persons can provide real-time insights into trends around the community.

Here are other top cities in Nigeria where you can invest in real estate with high return on investment.

Final Thoughts: When to Buy Real Estate in Nigeria

The best time to invest in Nigerian real estate is right now.

Procrastination can make you miss opportunities in this fast-growing market. Whether you're targeting residential, commercial, or recreational property, the key to success is to

Identify prime locations early
Evaluating market trends, and
Secure proper legal documentation.

With hotspots like Lagos, Abuja, Port Harcourt, and Ibadan showing immense potential, there’s no better time to take action.

Start small, plan strategically, and watch your investment grow into a profitable portfolio.

Your future self will thank you!

by Tayo Aladetoyinbo

Real Estate

What are the 6 Tips for Real Estate Investment in Nigeria?

1. Understand What Real Estate is All About

Read also: Secrets to Know Before Buying Land in Lagos

2. Start Small – Even with No Money

3. Avoid These 3 Common Real Estate Investing Mistakes

Not Doing Due Diligence

Fear of Missing Out

Having No Exit Strategy

4. Buy Low, Sell Smart: How to Identify High-ROI Properties

Location

Growth Rate

Accessibility

Government Projects

Read also: When to Buy Real Estate in Nigeria

5. Secure Your Investment

Verify Land & Property Titles

Lawyer Up

Omo Onile (indigenous land owners) v Real Estate Companies: Know The Difference

6. Sell at a Profit with These Marketing Strategies to Flip or Rent

Social media channels

Online marketplaces

Physical advertising

Read also: How Real Estate Makes Money in Nigeria

Conclusion

Buying a House in Lagos: To Invest or to Live In?

Read: When to Buy Real Estate in Nigeria

5 Things You Must Know Before Buying a House in Lagos Nigeria

1. Location

Read also: Secrets to Know Before Buying Land in Lagos

2. Land Title and Documentation

Deed of Assignment

Certificate of Occupancy (C of O)

Survey Plan

Governor’s Consent – For secondary buyers.

Property Purchase Receipt

Building Approvals

3. Hidden Costs Beyond the Purchase Price

Legal and agency fees

Survey and deed of assignment fees

Estate levies and service charges

Read also: Real Estate Investing for Beginners in Nigeria: the Complete Guide

4. Work With Reputable Real Estate Agents & Developers

5. Understand the Financing and Payment Structure

Final Thoughts on Buying a House In Lagos as a Nigerian in Diaspora

3 Important Things You Must Know About Omu Ketu and Epe

1. Omu Ketu vs Epe: Location Differences

2. Omu Ketu vs Epe: Land Prices & Investment Potential

3. Omu Ketu vs Epe: Lifestyle & Community

Conclusion: Omu Ketu vs. Epe – Which Location Is Right for You?

Final Recommendation

1. Omu-Ketu is not Ketu-Epe and it is not Epe

2. You Need a Goal Before You Buy

3. You Have To Get Your Documents Right!

Deed of Assignment

Certificate of Occupancy (C of O)

Survey Plan

Governor's Consent

Land Purchase Receipt

4. Be Patient

Now That You Know…

5 Reasons You Should Buy Land in Omu Ketu

1. Strategic Fast-Growing Location

2. Affordable Land Prices with High ROI Potential

3. Road Access to Inland Lagos and Ogun

4. Growing Demand Among Realtors

5. Proximity to Emerging Commercial and Industrial Hubs

Land Document You Need When Buying Land in Omu-Ketu

1. Certificate of Occupancy (C of O)

2. Deed of Assignment

3. Survey Plan

4. Governor's Consent

5. Deed of Lease

6. Building Plan Approval

7. Land Purchase Receipt

How to Make Money in Nigeria Real Estate

1. Rental Income

2. Land Banking & Property Appreciation

Read also: best places to invest in real estate in Nigeria

3. House Flipping