The Ultimate Guide to Buying Property in Lagos Without Hassle

Meta Description: Step-by-step guide to buying property in Lagos safely. Learn how to avoid scams, secure your investment, and work with trusted experts.

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Introduction: Why Lagos Real Estate is Attractive but Risky

Lagos is the heartbeat of Nigeria's real estate market. With its booming economy, rapid urbanization, and growing demand for luxury and short-let properties, it's no surprise that buyers, especially Nigerians in the diaspora, see Lagos as the prime place to invest.

But with opportunity comes risk. Many buyers have lost millions to 'Omo-Onile' (land grabbers), fake documents, and dishonest agents. If you're considering buying property in Lagos, you must move with knowledge, caution, and trusted guidance.

This guide walks you through the exact steps to buying property in Lagos without hassle.

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Step 1: Identify the Right Location

Location is the foundation of property value in Lagos. Before rushing to sign any agreement, decide what fits your lifestyle or investment goals:

• Ikoyi & Banana Island: Ultra-luxury, ideal for high-net-worth investors.

• Lekki (Phase 1 to Chevron Drive): Popular for young professionals, families, and short-let investors.

• Ajah & Sangotedo: Emerging areas with good ROI potential but requires patience.

• Victoria Island & Oniru: Commercial hubs ideal for office buildings and luxury apartments.

Tip: Visit the location multiple times before deciding. Check flood risks, traffic patterns, and access to utilities (power, water, internet).

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Step 2: Verify Land Title and Documents

In Nigeria, land ownership is governed by the Land Use Act. Before paying a dime, ensure the seller has valid title to the land.

Essential Documents to Check

1. Certificate of Occupancy (C of O): The gold standard for land ownership. Issued by the state government.

2. Survey Plan: Shows the exact boundaries and dimensions of the property.

3. Deed of Assignment: Legal document transferring ownership from seller to buyer.

4. Governor's Consent: Required when transferring C of O properties. Can take 6-18 months to process.

Warning: Never buy property based on receipts, family agreements, or verbal promises. Insist on seeing original documents and verify them at the Land Registry.

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Step 3: Conduct Professional Due Diligence

Even with proper documents, you still need professional verification. Hire these key professionals:

1. Real Estate Lawyer

• Conduct legal searches at Land Registry

• Verify authenticity of documents

• Draft purchase agreements

• Handle Governor's Consent application

2. Certified Surveyor

• Verify property boundaries

• Check for encroachments

• Confirm property dimensions match documents

3. Experienced Realtor

• Source verified properties

• Negotiate fair pricing

• Guide you through market trends

• Connect you with trusted developers and sellers

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Step 4: Understand Pricing and Negotiate Wisely

Lagos property prices vary dramatically by location, property type, and market conditions. Here's what to expect:

Residential Property (Per Square Meter)

• Ikoyi/Banana Island: ₦800,000 - ₦1,500,000

• Lekki Phase 1: ₦400,000 - ₦700,000

• Ajah/Sangotedo: ₦200,000 - ₦400,000

• Mainland (Ikeja, Surulere): ₦150,000 - ₦350,000

Negotiation Tips:

• Research recent sales in the area

• Factor in additional costs (legal fees, survey, registration)

• Consider payment terms (cash vs. installmental)

• Leave room for unexpected expenses

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Step 5: Structure Your Payment Safely

Never pay the full amount upfront. Structure payments to protect your investment:

Recommended Payment Structure

1. Initial Deposit: 10-30% upon signing preliminary agreement

2. Due Diligence Period: 30-60 days to verify documents

3. Balance Payment: After satisfactory due diligence and before deed signing

Payment Safety Tips:

• Use bank transfers (never cash payments)

• Pay into company accounts, not personal accounts

• Keep all payment receipts and bank statements

• Consider escrow services for large transactions

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Common Mistakes to Avoid

1. Buying based on family/friend recommendations without proper verification

2. Rushing the purchase process due to "limited time offers"

3. Ignoring environmental factors like flood risks and infrastructure

4. Underestimating additional costs (legal fees, registration, utilities)

5. Skipping professional advice to save money

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Why Choose Brixenmore Properties

At Brixenmore Properties, we understand the complexities of buying property in Lagos. Our team combines local market expertise with international standards to ensure your investment is safe, profitable, and hassle-free.

Our Services Include

• Comprehensive property search and verification

• Legal documentation and due diligence

• Price negotiation and transaction management

• After-sales property management

• Diaspora investment advisory

Don't navigate Lagos real estate alone. Let our experienced team guide you to the right property at the right price, with complete peace of mind.

Ready to buy property in Lagos without the hassle?

📧 Email: info@brixenmore.com
📞 Call: +234 201 330 6201 or +234 909 349 6941
🌐 Visit: www.brixenmore.com

Brixenmore Properties – Your trusted partner for safe, profitable real estate investments in Nigeria.