Benefits & Tips for Buying Investment Property in Nigeria

As the real estate market in Nigeria has flourished tremendously in the recent years, more and more people are looking to buy property in Nigeria for residential as well as commercial purposes. Real estate is one of the most lucrative industries for investors as it assures higher returns than all other avenues.

Real estate market is real money spinner. There is a diverse investment opportunity in land for sale in Nigeria, both commercial and residential real estate, so there is something for every discerning buyer willing to buy property in Nigeria. Unlike other investment avenues, where rate of return is controlled by third parties, real estate investments are controlled by the investor themselves. You may not control changes in the market, but you still have control over other aspects.

Real estate companies play a vital role in buying and selling properties. They provide adequate assistance to property buyers looking for investing in land for sale in Lagos. They provide assistance to both individuals and corporate organisations willing to buy property. When you are buying property in Nigeria, following considerations may help you in going through purchase process:

• When you buy property in Lagos or in any other part of Nigeria, it is very important to verify the title of the property, so as to assure there is no fraudulent or encumbrance on the property. You can do it on your own by verifying it through Lands Bureau or you can seek help from professionals for the verification of Title.
• When you are searching land for sale in Lagos, it is important to consider your needs and the sources of finance to acquire it. You need consider aspects of location, home type and finance and lot more.
• When you find the property of your interest, it is essential to request the owner for the copy of the subsisting title or registration details of the property for a title search at the Lagos State Lands Bureau.
• It is also important to consider the development permit while buying property in Lagos. While evaluating the development permit, one should consider factors such asland use zoning, height restrictions the allowable number of units, car parking requirements etc.
• Once you have examined the documents, one should assure that their payment goes through bank clearing. Once you sign the deed of assignment, the assignee should commence process for getting title of the property at the Lagos State Lands Bureau.