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How To Buy A House In Lagos Nigeria

buy house in lagos

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Introduction.

Lagos is the largest city in the Nigerian state by population The city, with its adjoining conurbation, is the most populous in Nigeria and South of The Sahara, Africa.

It is one of the fastest growing cities in the world and one of the most populous urban areas.
Lagos is a major financial center in Africa; the megacity has the fourth-highest GDP in Africa and houses one of the largest and busiest seaports on the continent.

Lagos has been rated long ago as the economic capital and this has been made accounted for because of the huge commercial activities, perfect governance and a very cool and conducive environment very close to the coastal line of the Atlantic ocean.

It is therefore the dream of every Nigerian and Non-Nigerian both home and abroad to own a home in Lagos, Nigeria.

Lagos has also been a home to various races all over the world.

You just need to visit the Island to see the convergence of different culture and races having fun, interacting in the beautiful scene of Lagos.

History Of Lagos.

This article has been posted not only to guide you in owning your own piece in Lagos but to also take you back in time to how this wonderful Land came to be

Lagos was originally inhabited by the Awori subgroup of the Yoruba people in the 15th century.
Under the leadership of the Oloye Olofin, the Awori moved to an island now called Iddo and then to the larger Lagos Island.

In the 16th century, the Awori settlement was conquered by the Benin Empire and the island became a Benin war-camp called “Eko” under Oba Orhogbua, the Oba of Benin at the time.
Eko is still the native name for Lagos.

Just in case you meet up with the locals just remember the native name for Lagos is Eko.

Lagos, which means “lakes”, was a name given to the settlement by the Portuguese.

Throughout history, it was home to a number of warring ethnic groups who had settled in the area.
Following its early settlement by the Awori nobility, and its conquest by the Bini warlords of Benin, the state first came to the attention of the Portuguese in the 15th century.

Portuguese explorer Rui de Sequeira visited the area in 1472, naming the area around the city Lago de Curamo. Another explanation is that Lagos is a Portuguese named after a major port in Portugal —a maritime town that, at the time, was the main centre of Portuguese expeditions down the African coast.

Lagos was declared a colony on 5 March 1862.

The remainder of modern-day Nigeria was seized in 1887, and when the Colony and Protectorate of Nigeria was established in 1914, Lagos became its capital, continuing as such after the country’s independence from Britain in 1960.

Along with migrants from all over Nigeria and other West African nations were the returnee ex-slaves known as Creoles, who came from Freetown, Sierra Leone, Brazil and the West Indies to Lagos.

Lagos State stats You Should Know.

For those reader that like to deal in numbers and statistics here are some quotes can possibly describe Lagos state in Full.

1. Lagos is Home to 70% of the Country’s total industrial investment and 65% of its commercial activities.

2. Lagos state Houses Over 200 financial institutions.

3. Internally Generated Revenue accounts for over 60% of State’s annual budget skewed in favour of capital expenditure.

4. Home of the Nigerian Capital and Money Market

5. Lagos State is home to the Largest market in Sub-Saharan Africa.

Benefits Of Owning A Home In Lagos.

Imagine owning a home in a financially booming capital Like Lagos State you sure dont need to be told the awesome benefits to be enjoyed.

Owning your own home in Lagos can serve a whole lot of potential benefits here are some very few reasons you should own a home in Lagos.

1. Investment.

The population in Lagos is geometrically increasing every year and is expected to reach about 20 million people in 2025.

You can be sure have your investment in the surest environment for business.
Housing is the greatest demand of every resident in Lagos.

So therefore investing in real estate in Lagos can bring a very huge return on Investment.
Hotspots Like The Islands and Some very busy parts in the mainland can bring very huge return on investment.

2. Freedom From Illegal Acquisition.

You need not to worry from any form of land grabbers, every landed property in Lagos is well documented and properly acquired by certified real estate development company.

So therefore no cause for alarm.
Your investment is very safe anytime.

3. Security reasons.

The news might be overflowing with news from insurgencies but i must tell you that Lagos is yet to experience any form of such act.

And i must always tell you that the good people and government of Lagos State is prepared to counter any threats to her citizens.

There are also been many security outfits been launched in an effort to counter any form of terrorism, or illegal bandits.

I can also boastfully tell you that Lagos is yet to experience any form of threats on it’s security.

4. Closeness To The CBD (Central Business District).

Lagos has a very small land mass with size of just 999.6 km2 and this has made the central business district easily accessible in little or no time.

Facilities like the shopping mall, cinema’s and general cooperate houses can be accessed in just less than 15 minutes drive from any part of Lagos.

But i must tell you the Traffic here is damn crazy. Notwithstanding the government is trying it’s possible best to fix every transport facilities at all cost and this involves the creation of new rail lines, BRT and Flying boats from Uber.

All this in an attempt to make Lagos a more smarter city.

5. Access to top notch recreational facilities.

Whether is be the beach or the stadium or the gym or the spa everything that you ever need for recreational purposes can be accessed for free at little or no cost In Lagos.

6. Good Road.

When it comes to roads in Lagos, they are the best,  roads are tarred in between Lagos State from the towns to the metropolis.

How To Buy A House In Lagos.

What an amazing history and insight that was shared in the section above, now how do you start owning a home in Lagos, Nigeria.

1. Decide on the budget.

No matter how much you have, you can own a home in Lagos, for even the lowest price. One myth about that goes in the mind of people that desire to own a landed property in Lagos is that doing so you need so much millions but that is a lie.

2. Choose A Location.

Another Factor to consider when buying a property in Lagos is the location, i always recommend that you choose a place very close to the central business districts. The one and very popular place in Lagos to own a home now is Ibeju Lekki, Festac, Abijo and Surulere, this centres are highly hot cakes and can help you get access to the necessary amenities you desire.

3. Choose A property Development Company.

Just so that you don’t fall in the hands of fraudulent dealers, i strongly recommend that you consult with an accredited property development company, there are so many of them and i would be making mention of some very few in the next paragraphs.

Don’t buy property from hand to hand, and if you want to do so, make sure that you have access to the right documents.

4. Investigate The Property.

Make sure that you thoroughly investigate the property by going for land inspection to be sure of the location that you are about to purchase the property.

5. The Documentation.

Always Make sure that you don’t acquire a property without the right documentation, some very few of these documentations are Deed of Assignment, Certificate Of Occupancy , Governors consent and so many others.

Make sure that you follow this publication i would be sharing deeper insight on how you can understand property documentation.

.

Top Property Development Companies In Lagos.

Now you almost feel like putting out a call to a fellow Nigerian or begin to Google search for the next banner for an opportunity to own a home in Lagos.

But I must tell you that you are more likely to fall in the hands of desperate scammers who want to flee away with your hard earned money.

In this case what i recommend you do is to consult an accredited and genuine property development companies.

And in order to do you a favor here are some very few list i have compiled for you.

1. Revolution Plus Property.

 

 

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Revolution Plus Property is a property development company based In Lagos, Nigeria.

It was founded in late 2017 and since then engaged in the business of providing affordable housing to every Nigerians who are interested in owning a home in Lagos and also in developing parts of Nigeria.

Revolution Plus have over 11 properties to their portfolio which includes housing schemes and landed properties.

Website – Revolutionplusproperty.com

2. Gracias Global Property.

 

 

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Gracias global property is also an amazing and accredited property development company with roots here in Lagos, Nigeria.

It was established, incorporated & opened formally on 28th February, 2018 which makes is very new in the property development in Nigeria but i must confess that they are very genuine.

Gracias Global property has over 10+ property in their portfolio.

Website –graciasglobalproperty.com

3. Landwey Property.

 

 

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Landwey Property is a property development property also based in Lagos, Nigeria.

When it comes to luxury and style i always recommend landway anytime.

Landwey was established also in late 2017 and they possess houses and lands to their portfolio.

Website –

4.EUC Homes.

 


Another upcoming and legit property development property development company based here in Lagos, Nigeria is EUC homes.

EUC Homes was established and incorporated in early 2019 possessing up to 12 properties in their portfolio.

EUC Homes has set high standards in the professional real estate service sector as the largest real estate network in West Africa and is recognized as one of the fastest growing real estate companies in Nigeria with an independent marketing base of more than 20,000+ consultants and counting.

Though they are very good in making a lot of noise with their army of consultants  which has made them the most loudest real estate company with just only a few times of launch.

Website –  EUCHomes

5. MiddleChase.

 

 

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MiddleChase is the first rental development property in Nigeria, they major goal is to make the process of owning a  home very easy and affordable including also the ability to monetize all the way and earn rental income for those who want to dive into the real estate business.

Middlechase have property in the hot spots of Lagos , Nigeria which includes locations in Surulere and Abijo respectively.

Payments plans are made easy and affordable for both high and low income earners. Payment can also be spread within a period of two years with no interest attached.

Middlechase property development company is the only company to bear in mind the leisure of their customers.

With just a down payment of N3.5 M you win an all expense paid trip to Dubai.

Website – MiddleChase

6. DPKay Homes.

DPkay is another property development company based here in Lagos, Nigeria.

It was founded and Incorporated in the year 2006 .

DP Kay property has various properties to their portfolio.

Most of the property owned by this company are mainly in the Ibeju Lekki axis.

Website – DPKay

Recommendation.

As an experienced realtor with over 3+ years experience I am going to be basing my recommendation based on three criteria.

1. Luxury.

If your desire to own a property is all about luxury and fancy then i suggest you subscribe to property development companies such as Landwey and Vantage court.
I personally recommend them because of the taste in luxury and the fashionable styles employed in designing their homes.

2. Investment .

If all you seek is to acquire a few set of landed properties for the sole purpose of commercial activities of whatever business purpose then i recommend you subscibe to revolution plus.

They have tons of very cheap and affordable landed property for you to choose from.

3. ROI.

If you desire a very huge return on Investment and very solid rental income then the best property to subscribe you to is MiddleChase Property.

 

conclusion.

Owning a home in Lagos does not necessarily mean you have to  break the bank and bring up everything you have.

With the role of privately held real estate development companies anyone with any income size can home any type of home whether be it an apartment of any sort or a full landed property for the sole purpose of either commercial or residential activities.

Flexible payments plans are provided by each of these property development company to ease the burden and workload on every individual.

Do you wish to own or subscribe to a property development property here in Nigeria, I can help you navigate your way around for free.

I suggest you find a home with the aid of an expert to ease off the stress here is my phone and whats App number  +2348167835187

I can be contacted from any  part of the world or better still click this link to chat me on Whatsapp

What do you think?

Written by Udemezue John

Web developer| Digital Marketer| Entrepreneur.

I love sharing great things

You can connect with me on twitter @_udemezue

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