A Complete Guide to Buying Property in Nigeria

Buying property is one of the biggest financial decisions you will make. This step-by-step guide explains what to check before you commit.

Step 1: Set your budget and goals

Decide whether you are buying to live in, to rent out or as a long-term investment. Include legal fees, agency fees, registration costs and any service charges in your budget.

Step 2: Choose the location

Visit at different times of the day. Look at access roads, flooding risk, security, schools and the quality of nearby developments.

Step 3: Verify the title

Ask for copies of the title documents (for example, a Certificate of Occupancy or Governor’s Consent) and the survey plan. Have a property lawyer conduct a search at the relevant Land Registry before you pay anything substantial.

Step 4: Review the developer

Visit completed projects, speak with previous buyers and check the company’s registration details. For off-plan purchases, ask how construction progress will be reported.

Step 5: Read the contract carefully

Your contract of sale should clearly state the price, payment schedule, delivery date, specifications, penalties for delay and what happens if either party defaults.

Step 6: Pay safely

Only pay into the company’s verified corporate account and always obtain a receipt. Never pay cash to individuals.

Step 7: Complete the paperwork

After payment, make sure you receive your deed of assignment or other transfer documents and follow through with registration and perfection of title.

This article is sample content and general information only. Always seek independent legal advice.