Buying Property in Nigeria: Your Complete Step-by-Step Guide
Navigate Nigeria's property market with confidence. From initial search to final ownership, learn the complete process of buying property in Nigeria.
The Complete Property Buying Process
Follow our proven 6-step process to successfully buy property in Nigeria. Each step is designed to protect your investment and ensure a smooth transaction.
Define Your Requirements
1-2 weeks
Determine your budget, preferred location, property type, and investment goals.
Property Search & Selection
2-4 weeks
Find properties that match your criteria and conduct initial assessments.
Due Diligence & Verification
2-3 weeks
Conduct thorough investigations to verify property ownership and legality.
Negotiation & Agreement
1-2 weeks
Negotiate price and terms, then sign a Memorandum of Understanding.
Legal Documentation
3-4 weeks
Prepare and execute all necessary legal documents for the transaction.
Payment & Transfer
1-2 weeks
Complete payment and transfer property ownership to your name.
Property Buying FAQs
Get answers to the most common questions about buying property in Nigeria.
What documents do I need to buy property in Nigeria?
Essential documents include Certificate of Occupancy (C of O), Survey Plan, Deed of Assignment, and Governor's Consent. For foreigners, additional documents like passport, visa, and proof of legal residence are required. We provide comprehensive document verification services to ensure all paperwork is complete and authentic.
How long does the property buying process take in Nigeria?
The complete process typically takes 3-6 months, depending on property type and location. Land purchases take 2-4 months, while completed properties take 1-3 months. Factors affecting timeline include title verification, legal documentation, and financing approval. Our streamlined process can reduce this to 4-8 weeks.
Can foreigners buy property in Nigeria?
Yes, foreigners can buy property in Nigeria, but with restrictions. Non-Nigerians can own leasehold properties for up to 99 years and can invest through Nigerian companies. They cannot own freehold land directly. We specialize in helping diaspora investors navigate these requirements and set up proper legal structures.
What are the costs involved in buying property in Nigeria?
Total costs include property price (70-80%), legal fees (2-3%), stamp duty (1-2%), registration fees (1%), and other charges (2-3%). For a ₦50M property, expect total costs of ₦55-60M. We provide detailed cost breakdowns for all our properties to ensure transparency.
How do I verify property ownership and avoid fraud?
Always verify with the Land Registry, check for encumbrances, and conduct a proper title search. Look for original documents, verify signatures, and check for any pending litigation. We provide comprehensive due diligence services including title verification, legal searches, and fraud prevention checks.
Ready to Buy Your Dream Property in Nigeria?
Let our experts guide you through every step of the property buying process. From search to ownership, we're here to help.