One of the biggest worries for Nigerians investing in apartments is losing money. Whether renting or buying, funds can disappear if the developer or agent is unreliable. Here’s how to ensure safety: Use verified developers: Only deal with companies with a proven track record. Check for insurance: Projects should be insured so your funds are...
When it comes to apartment investments in Lagos, location matters. While Lagos Island is well-known, the Mainland offers unique opportunities for high returns with lower risk. Key factors making Mainland apartments attractive: Affordability: Prices are generally lower than on the mainland, meaning investors can access larger units or multiple properties. Growth potential: Areas like Ikeja,...
Delayed handovers are a major pain for Nigerian property buyers. Many apartments are delivered months—sometimes years—late, often due to poor planning, lack of funds, or mismanaged construction. How to avoid being stuck in a delayed handover: Check the developer’s track record: Companies that consistently deliver projects on time are more reliable. Verify project funding and...
Tenancy disputes are common in Nigeria. Misunderstandings over rent, deposits, maintenance, or lease terms can sour the renting experience. But they are preventable. Here’s how to avoid them: Clear agreements: Ensure your lease clearly states rent, duration, maintenance responsibilities, and penalties. Document everything: Always get receipts and written confirmations for payments. Verify landlord/developer legitimacy: Avoid...
Buying apartments off-plan—before construction is complete—can be a smart investment. But it comes with risks if not handled correctly. Many buyers in Nigeria have been misled by delayed projects, unclear timelines, or developers who lack credibility. Here’s what investors need to know: Track record matters: Only work with developers who have delivered projects on time....
Trust in a developer is the cornerstone of safe real estate investment. But how do you separate legitimate companies from opportunists? Key indicators include: Track record: Past completed projects that were delivered on time. Transparency: Open access to project plans, progress reports, and financial management. Insurance and trusteeship: Funds and properties should be protected. Legal...
Fake apartment listings are a major problem in Nigeria. From phony photos to copied content, scammers prey on uninformed buyers, often requesting upfront payments before disappearing. But these losses can be avoided. Here’s why it happens: Lack of verified platforms or credible listings Agents without accountability Buyers skipping verification for the sake of speed Preventing...
In Nigeria’s real estate market, documentation is everything. Without proper paperwork, buyers risk losing their investment or facing legal disputes. Knowing exactly what to ask for can save you months of stress. Here’s a checklist of essential documents every buyer should demand: Title documents or land certificate: Proof that the developer legally owns the land....
First-time buyers often enter the Nigerian real estate market with enthusiasm—but that enthusiasm can attract opportunistic agents. Many are overcharged, misled about unit size, or promised amenities that never materialize. To avoid this: Do your research: Compare market prices in your preferred area. Understanding typical costs gives you leverage. Verify the developer: Check past projects,...
Making a payment for an apartment in Lagos or Abuja is a major decision. Without proper checks, it can lead to regret or even financial loss. Here’s what every tenant or buyer should confirm: Verified ownership or development: Ensure the property is legally owned or developed by a trusted company. Building approvals: Ask for permits...
|
Payment Plan
|
Outright
|
6 Months
|
|---|---|---|
|
Initial Deposit
|
₦148,000,000
|
₦50,000,000
|
|
1st Payment
|
|
₦25,000,000
|
|
2nd Payment
|
|
₦20,000,000
|
|
3rd Payment
|
|
₦15,000,000
|
|
4th Payment
|
|
₦15,000,000
|
|
5th Payment
|
|
₦15,000,000
|
|
6th Payment
|
|
₦10,000,000
|
|
TOTAL
|
₦148,000,000
|
₦150,000,000
|
|
Payment Plan
|
Outright
|
6 Months
|
|---|---|---|
|
Initial Deposit
|
₦63,000,000
|
₦20,000,000
|
|
1st Payment
|
|
₦7,500,000
|
|
2nd Payment
|
|
₦7,500,000
|
|
3rd Payment
|
|
₦7,500,000
|
|
4th Payment
|
|
₦7,500,000
|
|
5th Payment
|
|
₦7,500,000
|
|
6th Payment
|
|
₦7,500,000
|
|
TOTAL
|
₦63,000,000
|
₦65,000,000
|
|
Payment Plan
|
Outright
|
6 Months
|
|---|---|---|
|
Initial Deposit
|
₦103,000,000
|
₦30,000,000
|
|
1st Payment
|
|
₦12,500,000
|
|
2nd Payment
|
|
₦12,500,000
|
|
3rd Payment
|
|
₦12,500,000
|
|
4th Payment
|
|
₦12,500,000
|
|
5th Payment
|
|
₦12,500,000
|
|
6th Payment
|
|
₦12,500,000
|
|
TOTAL
|
₦103,000,000
|
₦105,000,000
|
|
Payment Plan
|
Outright
|
4 Months
|
|---|---|---|
|
Initial Deposit
|
₦95,000,000
|
₦30,000,000
|
|
1st Payment
|
|
₦17,000,000
|
|
2nd Payment
|
|
₦17,000,000
|
|
3rd Payment
|
|
₦17,000,000
|
|
4th Payment
|
|
₦17,000,000
|
|
TOTAL
|
₦95,000,000
|
₦98,000,000
|
|
Payment Plan
|
Outright
|
4 Months
|
|---|---|---|
|
Initial Deposit
|
₦58,000,000
|
₦20,000,000
|
|
1st Payment
|
|
₦10,000,000
|
|
2nd Payment
|
|
₦10,000,000
|
|
3rd Payment
|
|
₦10,000,000
|
|
4th Payment
|
|
₦10,000,000
|
|
TOTAL
|
₦58,000,000
|
₦60,000,000
|
