Introduction
Buying land in Lagos is one of the most significant investments you can make in Nigeria today. With the city’s rapid urban expansion, the right property can appreciate in value quickly. However, Lagos’ property market is complex—so due diligence is critical.
1. Understand the Location
Before you pay a deposit, research the exact location. Is it in a developing area like Ibeju-Lekki or Epe? Does it have access to main roads and utilities? Check for proximity to ongoing infrastructure projects like the Lagos Free Trade Zone or the Lekki Deep Sea Port.
2. Verify Land Documents
Key documents to request and verify include:
- Survey Plan: Confirms land boundaries and coordinates.
- Certificate of Occupancy (C of O): Proof that the government recognizes the land ownership.
- Governor’s Consent or Excision: Indicates the land is officially released for private ownership.
- Deed of Assignment: Legal proof of transfer from seller to buyer.
3. Engage Professionals
Don’t attempt to navigate the Lagos property market alone. Work with a licensed surveyor to confirm the exact land coordinates, and a real estate lawyer to conduct thorough title searches. They can spot disputes, government acquisitions, or fraud before it’s too late.
"It’s far better to lose a small deposit than to lose millions on disputed land."
4. Inspect the Land Physically
Visit the site in person. Check for signs of encroachment, community disputes, or flood-prone areas. Speak to locals—they often know the land’s real history.
Conclusion
With Lagos’ booming real estate sector, opportunities abound—but so do risks. Approach with caution, verify all documents, and invest only when you’re fully confident.
