Real Estate

Finding houses for sale in Lagos, Nigeria

In Lagos, Nigeria, a tourism boom is on the verge of unleashing development efforts and economic growth that promises many opportunities for investors. The result of this is a rapidly expanding real estate sector that offers limitless opportunities to reap bountiful harvests. Take, for example, 5 years ago undeveloped land in the Lekki axis of the Lagos, Nigeria and Ikoyi areas, sold for less than half of its current market value, and the developed properties were sold in some cases for less than a third of the current market price. This is indicative of a real estate boom and, unlike the stock market boom of 2004-2008, the real estate boom is an investor’s paradise.

This brings us to some of the problems that will naturally be encountered as a result of people’s preferences and choices when buying homes. A number of problems are associated with buying and selling houses in Lagos, Nigeria, and it is only fair that I mention a few of them before listing the places to find houses to buy or sell.

One of the main problems will be the omooniles (descendants of the original landowners or occupants of various communities in Lagos, Nigeria). They are usually lazy, idle people who want to claim almost any major development that takes place on land that they have already sold to people. By extorting money and charging illegal fees, these omooniles make life difficult for homeowners or people who want to build their own houses. Be on the lookout for them whenever you decide to buy a house in Lagos Nigeria. Your best protection against omooniles is to buy directly from reputable real estate companies or acquire land directly from the government and build as quickly as possible. Another problem you would face would be real estate scammers who could falsify the contact details of some reputable real estate companies to fool home seekers and other real estate investors. Many of these scam artists make offers that are too good to be true or unrealistically attractive to get your money. Always insist on sponsoring reputable real estate agencies and companies and be sure to visit their offices to verify their authenticity.

In 2009, and onward, there are many places to start your search for available homes for sale in Lagos, Nigeria. Here is a compilation of a list of places to find houses for sale in Lagos, Nigeria;

1. Online Classified Ads

Online classifieds, such as those on nairalist.com, nairaland.com, and various real estate company websites, are an important channel for finding houses and other properties for sale in Lagos, Nigeria.

two. Newspapers and magazine publications

Several newspapers publish specific issues to advertise or inform the public about opportunities to buy and sell houses in Lagos, Nigeria. The most recognized of these is the Guardian newspaper, which publishes a Monday edition dedicated to the real estate sector. Another well-known publication for finding houses for sale in Lagos, Nigeria, is Castles magazine. There is also the magazine Propiedades y Viviendas among others. The downside is that these publications can only be purchased in Nigeria, as they are not circulated globally, so people living abroad may not find this option convenient.

3. Recognized companies and real estate agencies

There are many real estate companies in Nigeria, but some well known ones include Jide Taiwo and company, Ubosi Eleh and company, Diya Fatimilehin and company, UAC Properties Limited and Unions Homes, among others. Contacting any of these companies to search for homes for sale is another way to go. This option covers you although not completely of the omooniles activities.

Four. Inquiries about ongoing projects

You can also inquire about ongoing projects, such as housing development and other similar projects directly through the contractors, who may refer you to the real estate agency or company handling the project or possibly the owner to meet and negotiate a deal. if possible. However, not all housing projects have options to sell houses, as some of them could be housing projects, in which case the owners are only interested in renting.

Conclution

Please note that not all advertisements or information available on the Lagos home sales channels are credible and trustworthy, you are advised to still carry out an investigation on the claims as some real estate scammers are on the prowl looking to defraud buyers of unsuspecting houses. in Lagos Nigeria. It is also possible to locate houses for sale in Lagos Nigeria the option of word of mouth of people within your social network, although this is not as reliable as the other options above.

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