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...
Extra charges in Nigerian rentals are a common pain point. From hidden maintenance fees to “service charges” that suddenly appear after payment, renters often feel trapped. Why does this happen? Many landlords and agents exploit information asymmetry—the fact that tenants rarely know all the costs upfront. Some may also inflate prices subtly to offset building...
Online apartment listings can be deceptive. Fake photos, copied content, and misleading prices are rampant. But with careful checks, you can avoid being scammed. Step 1: Verify the developer or agent. A legitimate developer, like Flinx Realty, has a proven track record. Every project is documented, and units are tracked from blueprint to handover. Step...
Apartment hunting in Nigeria can be tricky. Many people fall prey to scams or incomplete deals. Knowing the red flags is essential. Some key warning signs include: Too-good-to-be-true prices Listings without clear documentation Developers or agents refusing to show the property physically Ambiguous payment structures or multiple upfront payments Lack of proper insurance or trusteeship...
If you’ve ever scrolled through listings for apartments in Lagos, you’ve probably paused at the prices and thought, “Why is this so expensive?” The truth is, Lagos is a high-demand city. Population growth, urbanization, and prime locations drive prices up. But expensive doesn’t always mean quality or security. Many apartments are overpriced because developers cater to...
|
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
|
