Frequently asked questions about Nigerian real estate
What is the average cost of 1 sq. m. to buy real estate in Nigeria?
The highest cost of real estate for sale in Nigeria is observed in the capital and in the largest city Lagos: 1 sq. m. is estimated at 940 US dollars. Outside the megacities, prices seem more affordable: 371 dollars are asked per sq. m.
Where do foreigners most often buy residential property in Nigeria?
Those wishing to buy real estate in Nigeria prefer the capital of the country - Abuja, which is part of the Federal Capital Territory. The city of Lagos is also very popular.
Are there any restrictions for foreigners wishing to purchase real estate?
The sale of housing in Nigeria takes place without restrictions, while the sale of land has its own specifics: it is necessary to obtain official permission from the state authorities. At the same time, foreigners do not receive unconditional ownership: they can only lease a land plot for a long term (99 years).
Does the purchase of real estate in Nigeria require personal presence?
Foreigners can legally purchase real estate from anywhere in the world without personal presence.
