FACTORS THAT DETERMINE VALUE OF A LAND PROPERTY IN NIGERIA

LOCATION
Location is the number one thing to consider when buying land in Nigeria. It is the foundation to other things and it determines what value the land will be in the future. A land in a location fast attracting development is an ideal buy. E.g Lands around the #LEKKIFREETRADEZONE

NEIGHBORHOOD/LANDMARKS
Yes you need to check who are going to be your neighbors. The landmarks in that neighborhood are the key to how fast an area will develop & the value the land will appreciate to

Check for notable government or private project going on or already started to operate as this will tell you if the area will develop fast. *E.g Dangote Refinery Projects in #Ibejulekki

SECURITY
Look to see if government has provided adequate security for that area. Also check to see if the community itself has a way of tackling security challenges

LEGAL DOCUMENTS
When buying land you must check to be very sure that the land you are planning to buy is genuinely registered. Documents to check for are Survey, Deed of Assignment, Excision & Gazette. It will help you know if the land is under government acquisition or free

OTHERS

PRICE/SIZE
SOIL QUALITY AND COMPOSITION
ZONING RESTRICTIONS

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