In Lagos, Nigeria, a tourism boom is about to unfold following 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 Lagos Nigeria and Ikoyi areas sold for less than half of their current market value with developed properties selling 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 to 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 I list the places to find houses to buy or sell.
One of the main problems will be the omoonils (descendants of the original landowners or occupants of various communities in Lagos Nigeria). They are usually idle and lazy people who want to claim just about any major development taking place on land that they have already sold to people. By extorting and charging illegal fees, these omoonils make life difficult for homeowners or people who want to build their own houses. Keep an eye out for them whenever you decide to buy a house in Lagos, Nigeria. Your best protection against omoonils 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 might spoof the contact details of some reputable real estate companies to trick home seekers and other real estate investors. Many of these scammers make offers that are too good to be true or unrealistically attractive to get your money. Always insist on patronizing reputable real estate agencies and companies and be sure to visit their offices to verify their authenticity.
In 2009 and beyond, 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 classified ads, such as those on nairalist.com, nairaland.com, and various real estate company websites, are a major channel for finding houses and other properties for sale in Lagos, Nigeria.
two. Newspapers and magazine publications
Several newspapers publish dedicated editions to advertise or inform the public about opportunities to buy and sell houses in Lagos, Nigeria. The best known of these is The Guardian newspaper, which has a Monday edition dedicated to real estate. Another popular publication for finding houses for sale in Lagos, Nigeria is Castles magazine. There is also the magazine Properties and Homes among others. The drawback is that these publications can only be purchased in Nigeria as they do not circulate globally, so people living abroad may not find this option convenient.
3. Recognized real estate companies and agencies
There are many real estate companies in Nigeria, but some well-known ones include Jide Taiwo and co, Ubosi Eleh and Co, Diya Fatimilehin and co, UAC Properties Limited, and Unions Homes, among others. Contacting any of these companies looking for homes for sale is another way to go. This option covers you, although not completely, from the activities of the omoonils.
Four. Inquiries about ongoing projects
You can also inquire about ongoing projects, such as housing developments and other similar projects, directly through the contractors, who may refer you to the real estate agency or company managing 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 might actually be housing projects, in which case the owners are only interested in renting.
conclusion
Please note that not all advertisements or information available on Lagos home sales channels are credible and reliable, you are advised to further investigate claims as some real estate scammers are on the prowl to defraud home buyers. unsuspecting houses. in Lagos Nigeria. It is also possible to locate houses for sale in Lagos, Nigeria by word of mouth from people within your social network, although this is not as reliable as the other options above.