Hello! Millionaire and Billionaire Real Estate Investors.

Welcome to this thread where I will be dropping tips and strategies for real estate investments in Lagos, Nigeria. We will talk about how to:

1. Do due diligence before investing in a land or property in Lagos: This means where to check to verify if the real estate company is genuine, if the land has a pending court case or if the real estate development has a bad track record of not delivering on their promise.

2. Know the best, most promising and highly lucrative locations to invest in. All lands are not created equal and so also are the rates at which they appreciate.

3. Understand all the different land titles and document involved in real estate investments.


4. Simplified explanation of the entire process of wanting to own a land or property and actually doing that the legal right way to avoid making wrong decisions

5. Know why the Lagos State Government demolished houses and how you can prevent that from happening to you with the right knowledge.

6. Practical assistance, tips and guidance in managing your properties or shortlets.


For professional free real estate consultation to guide you on the best property to buy, please reach out to me on 08149753920 or 081014061290.

Should Igbo People Invest in Lagos Real Estate?

This is a very interesting topic I want to discuss today. I watched a video of Daddy Freeze and Blord talking about real estate in Lagos, Nigeria, the recent demolition of houses by the government, why that happens and if Igbos should invest in Lagos real estate.

I have a clip of that video on my YouTube channel. If you would have to see it, let me know on the comments but for now, let's discuss this very interesting topic.

Lagos Government Demolishing Houses for Flimsy Reasons

In June 2023, 17 “distressed” structures in the Alaba International Market, located in Ojo LGA, were designated for demolition. With the recent demolition of houses in Lagos, many non-Lagosians have become skeptical about buying land or houses in Lagos.

They are afraid that after accumulating their hard-earned money, a government official can just wake up one day and in a matter of minutes bring down their years of hard work. This is the picture that is usually painted — that government officials for flimsy reasons can just choose to pull down your dream home that cost you years to build.

Why do you think the government is demolishing houses and buildings? Please let me know your thoughts.

Why the Lagos State Government Demolishes Houses

The complete story that isn’t being shared is that those houses didn't get the approval to have been built in the first place, the buildings have safety concerns or that the government needs that road access for state development.

1. Lack of Approval from the Lagos State Government (Drainage or Canal Issues)
A common example of the first case are those estates located too close to a canal or drainages. Some of those Lagos-based real estate developers lobbied and bribed their way just to get the estates built for their selfish reasons.

According to Premium Times Nigeria, speaking about the demolition of Mende estate in Lagos, Tokunbo Wahab, the Lagos state Commissioner for Environment and Water Resources, stated in an interview on Channels Television Sunday that the demolition of buildings in Mende Estate was essential to prevent flooding across the entire mainland.

“The Lagos State Government has restated that it will demolish buildings without approvals after the expiration of the 90-day amnesty window.” — Punch Newspaper

2. Safety Concerns

The second instance has to do with safety concerns.[b] The Special Adviser to the Lagos State Governor on e-GIS and Urban Development, Dr Olajide Babatunde [/b]in a workshop organised by the the agency, said:

As a step towards reduction in building collapse in the state, no building should be occupied in the state without possessing the Certificate of Completion and Fitness for Habitation issued by the State Building Control Agency, which is renewable every five years. — Vanguard Newspaper

He emphasized that such attachments would not be allowed in the state because they hinder rescue operations during emergencies, especially building collapse or fire outbreak. Developers were advised to adhere to the specifications and the approvals or permits they have received.

3. State-Based Projects

The third instance, which led to the demolition of landmark and wave beaches, has to do with the state government being a need of the location your land is situated. However, if you have the legal documents, you will properly compensated or if need be, have the ability to seek readdress in a court. Unfortunately, these privileges aren’t extended to those who bought lands and properties that were never initially approved by the Lagos State Government.

The innocent people who buy without doing their due diligence are the ones who suffer the consequences. I do not want that to be your fate, so whether your Igbo or not, you should pay attention to facts you need to know before buying land, houses, buildings or properties in Lagos, Nigeria.

Should Igbos and non-Lagosians Still Invest in Lagos Real Estate?

Time to answer the big question but first let's consider the real estate investment in Lagos

Real Estate Investment in Lagos

Lagos, Nigeria’s commercial capital, is a prime destination for real estate investment, attracting both local and international investors with its robust economy and vibrant culture. The city’s diverse economy, driven by industries like finance, technology, and entertainment, ensures a steady appreciation of real estate values.

With a rapidly growing population of over 20 million, the demand for housing and commercial spaces continues to soar, making Lagos a lucrative market for long-term investments. Additionally, Lagos offers a wide range of investment options, from luxury apartments to commercial properties, catering to various budgets and preferences.

Do you really think it will be fair to yourself to miss out on this massive opportunity?

Certainly not!

For Igbos and non-Lagosian investors, owning property in Lagos provides an unparalleled opportunity to create wealth and secure financial prosperity for future generations.

You shouldn’t let lack of due diligence and property investigation stop you from reaping these amazing benefits.

Steps

1. Verify Property Ownership:

Obtain the property's Certificate of Occupancy (C of O) to confirm legitimate ownership.
Check for any encumbrances or liens on the property at the Lagos State Land Registry.

2. Conduct a Title Search:

Hire a reputable lawyer to conduct a thorough title search (I work with a team of very competent lawyers).
Ensure that the seller has a clear and marketable title to the property.

3. Check Zoning Laws and Land Use:

Verify the zoning classification of the property with the Lagos State Physical Planning Permit Authority (LASPPPA).
Ensure the intended use of the property complies with local zoning laws and land use regulations.

4. Inspect Planning Permits:

Request to see the building plan approval from the Lagos State Building Control Agency (LASBCA).
Confirm that all necessary planning permits and approvals are in place.

5. Conduct an Environmental Impact Assessment (EIA):
Ensure the property has undergone an Environmental Impact Assessment if required.
Check with the Lagos State Environmental Protection Agency (LASEPA) for compliance.

6. Engage Professional Surveyors (I work with professional surveyors):

Hire a registered surveyor to conduct a physical survey of the property.
Confirm the boundaries and ensure there are no encroachments or disputes.

7. Review Legal Documents:

Carefully review all legal documents, including the deed of assignment and sales agreement.
Ensure the documents are properly executed and registered with the appropriate authorities.

8. Check for Compliance with Building Codes:

Verify that the property adheres to the Lagos State Building Regulations.
Ensure all construction has been carried out according to the approved plans and standards.

9. Consult Real Estate Professionals (I offer free consultation):

Engage experienced real estate agents and legal professionals who specialize in Lagos real estate.
They can provide valuable insights and help navigate the regulatory landscape.

10. Verify Utility Connections:

Ensure the property has proper connections to essential utilities like water, electricity, and sewage systems.
Check for any outstanding bills or issues with service providers.

By following these steps, you can mitigate risks and ensure that your real estate investments in Lagos are legally compliant and secure. Thank you for reading. Reach out to be for free consultations on 08149753920. Imagine yourself getting stress-free properties with peace of mind and no worries whatsoever! That is what I am here to help you achieve. Call or Whatsapp me now for stress-free real estate investments.

Best Place to Buy Land with C of O in Ikorodu, Lagos - Eden Hills Residential 🏡 Developed by Luminous Hills

Lucrative Investment Opportunity for You in Lagos' Fastest Growing Estate

Eden Hills Residential is a premier 16-hectare fully residential estate in Ikorodu, Lagos. Offering exceptional investment opportunities, this estate stands out as one of the best places to buy land with a Certificate of Occupancy (C of O).

Prime Location
Strategically located next to Chois City and Caleb University, Eden Hills Residential provides a serene and secure environment with modern amenities.

Imagine yourself with your family enjoying the benefits of living in a fully serviced estate equipped with:
1. Smart Security Features: Including CCTV and uniformed security personnel.
2. Green Energy Solutions: Solar-powered energy for sustainable living.
3. Well-Paved Roads: Ensuring smooth and comfortable travel within the estate.
4. Children’s Playground: A safe and fun space for kids to play.
5. Effective Drainage System: To prevent flooding and waterlogging.

Neighborhoods:
1. Easily accessible through Epe
2. Chois Ciity Estate
3. Lagos State new NYSC Orientation Camp
4. Agbowa-Ikosi Saw Mill
5. Calab University
6. Agbowa General Hospital
7. Laspotech

Family-Friendly Community
This family-oriented neighborhood offers close proximity to essential amenities:
1. Shopping Malls
2. Fuel Stations
3. The New Proposed NYSC Orientation Camp


Invest Now at Pre-Launch Prices!
Development is rapidly progressing. Seize this opportunity to invest at pre-launch prices with as little as ₦300,000 initial deposit.

Available Plot Sizes and Prices:
300 sqm: ₦1,150,000
600 sqm: ₦2,300,000

Your Trusted Partner in Real Estate - Real Estate with Enoh
Real Estate with Enoh exclusively offers lands, houses, and properties with a Certificate of Occupancy (C of O) and complete government approval to both Nigerian and foreign investors.

Our Process:

1. Inspection: Begin by viewing the land or property, either physically or virtually.
2. Due Diligence: Our legal team will assist you in conducting due diligence and all necessary verification processes.
3. Secure Payment: We ensure you pay into the official account of the verified real estate developer and collect your C of O along with all other necessary documents.
4. Ownership: Congratulations! You are now a landowner. You can proceed to build on your land or occupy your property.

Contact Us Today!
To start your journey to becoming a landowner, homeowner, or real estate investor in Lagos, Nigeria, call or chat with Real Estate with Enoh at: 08101406120 or 08149753920. For more details and to schedule an inspection, call us now.

Experience the Beauty of a Fantastic Investment Opportunity

If you have indeed pictured living in an affordable estate but still having access to these luxurious amenities and serene environment with peace, quietness and comfort, then don't miss out in securing your piece of Eden Hills Residential.

Eden Hills is the place where quality living meets excellent investment potential in Ikorodu, Lagos.

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Protect what matters most with Nighthawk cctv. Contact us now to schedule your consultation and discover how our CCTV installation services can enhance security for your property. Join countless satisfied clients who rely on us to safeguard their world.

Buy Cheap Land with C of O: Invest in Ikorodu, Lagos, Nigeria

Ikorodu, located on the mainland of Lagos, is emerging as a prime location for real estate investment. With its strategic position, cost-effective housing, and ongoing infrastructure developments, Ikorodu is becoming an attractive choice for homebuyers and investors alike. Here are the key reasons to consider buying land in Ikorodu.

1. Prime Location
Ikorodu is positioned in the northeastern region of Lagos, adjacent to Ogun State. Its closeness to Lagos Island and accessibility via major roadways and proposed projects like the Fourth Mainland Bridge make it an appealing investment location.

2. Affordable Real Estate
Compared to other areas in Lagos, Ikorodu offers more affordable real estate options. The cost of purchasing land or property is considerably lower, allowing buyers to obtain larger or better-situated properties for less money than in other parts of Lagos.

3. Growing Demographics
Ikorodu is experiencing a population surge as people move here for its affordable living conditions and improved quality of life. This increasing population is driving up the demand for housing, creating a profitable market for real estate investments.

4. Infrastructure Development
Significant infrastructure projects are underway in Ikorodu, including road expansions, new bridges, and a light rail system. These developments will enhance accessibility and increase property values in the area.

5. Economic Growth
Ikorodu is home to various industries and businesses, providing abundant job opportunities. Large companies and ongoing projects like the Imota Rice Mill and Egbin Thermal Station further support its economic growth.

6. High ROI Potential
With rising demand for housing and continuous infrastructure improvements, property values in Ikorodu are expected to appreciate. Investing now can lead to substantial returns as the area develops.

7. Educational and Recreational Amenities
Ikorodu boasts excellent educational institutions like Lagos State Polytechnic and Caleb University. It also offers numerous recreational facilities, shopping centers, and cultural attractions, making it a desirable place to live.

8. Diverse Property Options
Ikorodu offers a wide range of real estate options, whether you’re looking for residential, commercial, or industrial properties. Areas like Itamaga, Ijede, and Baiyeku have affordable land for those looking to invest.

Conclusion
Ikorodu's combination of affordability, strategic location, and growth potential makes it an excellent choice for real estate investment. With its developing infrastructure and variety of real estate options, now is the ideal time to invest in Ikorodu.

Call Now
For more information or to schedule a property tour, contact Realtor Enoh, a professional consultant, to explore the best investment opportunities in Ikorodu.

08149753920 or 08101406120

Affordable Land with C of O in Ikorodu – Don’t Miss Out!

Are you looking for affordable land with a Certificate of Occupancy (C of O) in Ikorodu? Look no further! Read this thread to the end for an incredible opportunity.

Introducing Eden Hills Estate in Ikorodu

Located near Caleb University, Laspotech, Lagos State Housing Unit, Agbora General Hospital, the new NYSC Orientation Camp, Imota Rice Mill, and the upcoming Fourth Mainland Bridge, Eden Hills offers a prime location for your residential needs.

Why is this exciting?

The ongoing construction of the Fourth Mainland Bridge will make commuting between Ikorodu and Lagos Island, as well as Ogun State, a breeze.

Amenities Include:

CCTVs
Solar Energy
Good Drainage Systems
Tarred Roads
Strong Security

It is real Luxury on a Budget:
₦1.15M for 300 sqm (Price increases to ₦1.5M on July 22nd)
₦2.3M for 600 sqm (Price increases to 3M on July 22nd)
₦300k Initial Deposit

Land Title: C of O
Land Type: 100% Dry Land
Location: Ikorodu, Ogun State (around five minutes drive from the Lagos Housing Estate in Ikorodu)

The construction of the Fourth Mainland Bridge will make Ikorodu easily accessible to Lagos Island, attracting workers seeking affordable housing and in turn business opportunities. This will increase the value of land and properties in Ikorodu over time.

Imagine your future self thanking you for the action you take now!

To book an inspection, call: 08149753920 or 08101406120

7 Ways to Achieve Financial Freedom through Real Estate Investing in Lagos, Nigeria

Real estate in Nigeria is booming, and it’s not just for the big guys! This exciting market offers everyday people like you and me a chance to build wealth and secure our financial future. You can earn regular money from renting out properties without having to work a daily job. Also, the value of real estate can go up over time, which means you can make more money when you sell it later.

Read on as I am about to give you the secrets on how to invest in real estate in Nigeria!

7 Ways to Invest in Real Estate in Nigeria

1. Direct Property Purchase
Buying property is a clear way to invest. You can buy it to rent out or live in. In Nigeria, you can pay for a property with a mortgage or a personal loan. The main benefit of buying property is that you can earn regular income from renting it out, and its value might go up. For flexible ownership solutions, consider options, reach out to Real Estate with Enoh to help you you own a Lagos home with rent instead of a big down payment or long mortgage.

2. Real Estate Investment Trusts (REITs)
REITs are companies that own, finance, or manage income-generating real estate. By investing in a REIT, you can buy shares in commercial real estate portfolios, which include office buildings, retail spaces, apartments, and warehouses. This allows you to earn dividends from real estate without having to buy, manage, or finance properties directly.

3. Property Flipping
Property flipping involves purchasing real estate at a low price, improving it through renovations, and selling it at a higher price for a profit. Flippers need to understand the real estate market, have a good sense of property values in different neighborhoods, and know how much renovations will cost and add to the property's value.

4. Commercial Real Estate Investment
Invest in properties used for business purposes, such as offices, retail spaces, warehouses, and industrial buildings. These properties are usually leased to businesses and can offer longer lease terms compared to residential real estate, leading to a more stable and predictable income stream.

5. Residential Development
Purchase land and construct housing units to sell or rent. Developers can create various types of residential environments, from single-family homes to multi-unit apartment buildings. This includes acquiring land, planning and designing the development, obtaining necessary permits, constructing the buildings, and then selling or leasing the finished units.

6. Joint Venture Investments
Pool resources with other parties to invest in a property or development project. These collaborations can include partnerships between investors, developers, and other stakeholders who share the project’s costs, risks, and profits.

7. Agricultural Land Investment
Invest in land used for farming or agribusiness activities. Lease the land to farmers or engage directly in agricultural production. This taps into Nigeria’s vast arable land and growing demand for food and agricultural products.

Understanding Real Estate Investment Options in Nigeria

Real Estate Asset Classes: There are different types of real estate investments: residential, commercial, and land. Residential real estate includes homes and apartments, which are in high demand in big cities like Lagos and Abuja. Commercial real estate includes business properties like offices and shops, which can bring in more rent money than residential properties. Land involves owning a piece of property that might increase in value, especially in developing areas.

Ownership Structures: In Nigeria, it’s important to know about the two main ways you can own property: freehold and leasehold ownership. Freehold means you have complete ownership of the property and the land it stands on, with no time limit. Leasehold ownership means you can use the property for a specific period, usually 50 to 99 years.

Nigeria’s real estate market has been strong lately, and after tough economic times, it’s getting better. In places like Lagos, home values have been going up by about 13%.

Conclusion
The real estate market in Lagos offers various investment opportunities, from buying properties directly to investing in REITs, property flipping, commercial real estate, residential development, joint ventures, and agricultural land. Each option comes with its own set of opportunities and challenges, but all can lead to significant financial gains

Book a free consultation with Realtor Enoh: 08149753920 or 08101406120.