Real Estate Buyer's Guide

Navigate the Nigerian real estate market with confidence. We've compiled everything you need to know about buying property securely.

Proper title documentation is the most meaningful part of any real estate transaction. Here are common titles you should know:

  • C of O (Certificate of Occupancy): The most important document, issued by the state government, certifying legal ownership for 99 years.
  • Governor's Consent: Required when a property with a C of O is sold to a new owner. It validates the transaction.
  • Excision: Land that has been released by the government to indigenous settlers. It is safe to buy.
  • Gazette: An official record of an excision. It provides a permanent record of land ownership.

We simplify the buying process into transparent steps:

  1. Inspection: Schedule a site visit (physical or virtual) to see the property.
  2. Application: Fill out a subscription form to officially express interest.
  3. Payment: Make payment to the company's designated bank account.
  4. Documentation: Receive your receipt and contract of sale immediately.
  5. Allocation: Physical allocation of your plot or handover of your house keys.

Before making payments, ensure you verify the following:

  • Verify the real estate developer's registration (CAC).
  • Ask for the coordinate of the land to verify at the Surveyor General's office.
  • Read the contract of sale carefully (check for development levies).
  • Ensure all payments are made to corporate accounts, not individuals.

Most properties offer flexible payment plans:

  • Outright Payment: Usually attracts a discount (0-3 months).
  • Installment Options: Spread payments over 6, 12, or 24 months.
  • Initial Deposit: A minimum amount (e.g., 20%) to secure your slot.

Note: Long-term plans may attract a slight interest rate.

Real Estate Glossary

Appreciation

The increase in the value of a property over time.

Deed of Assignment

A legal document transferring interest/title in a property from one party to another.

Survey Plan

A document showing the accurate measurement and boundaries of a piece of land.

Development Levy

A fee paid for the provision of infrastructure (roads, electricity, drainage) within an estate.