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FAQ
How do I verify that a property in Nigeria is genuine?
To verify a property, you should confirm the title documents (such as the Certificate of Occupancy, Deed of Assignment, or Governor’s Consent) at the relevant state land registry. Working with trusted real estate firms like Nellyani Properties ensures that due diligence is carried out to protect buyers from fraudulent transactions.
What are the common types of property titles in Nigeria?
The most recognized titles include the Certificate of Occupancy (C of O), Governor’s Consent, Deed of Assignment, Registered Survey Plan, and Excision/Gazette. These documents determine ownership rights and legal security over land or property. Always ensure the property has a valid and verifiable title before purchase.
What are the costs involved in buying property in Nigeria apart from the purchase price?
In addition to the purchase price, buyers should budget for legal fees, agency fees, survey fees, land registry charges, and in some cases development levies or infrastructure charges. These costs typically amount to between 5%–15% of the property value, depending on the location and transaction type.
Can non-Nigerians or foreigners own property in Nigeria?
Yes. Foreigners are legally allowed to own property in Nigeria, although in many states land is technically held under leasehold from the government. Foreigners are encouraged to acquire properties with Governor’s Consent and work through reputable real estate companies to ensure compliance with state laws.
What is the safest way to buy land or property in Nigeria?
The safest approach is to work with reputable real estate companies and legal professionals who carry out full due diligence. Buyers should always conduct a search at the state land registry, confirm valid titles, inspect the property physically, and ensure proper documentation is signed and registered before payment is finalized.