A while ago, I published an article on what you should know before buying property. Since then, I have received requests for property I can recommend, from those who wish to buy. I hesitated for a few reasons.
I am a conservative investor. I recommended Money Market Funds because they are guaranteed by Federal Government securities. I recommended FarmCrowdy because it is insured by Leadway Assurance. So for property, I waited until I identified recommendations that I was comfortable with. I finally found a few options that are credible, are promoted by institutions (no “omo onile” wahala) and have a money back “guarantee”, in the event the company fails to secure the relevant government documentation for a few of their properties currently undergoing ratification.
The companies I have identified largely specialise in land acquisition (although they can also build for their clients). They provide a gated layout, perimeter fencing, security, road networks and electrification. Should you decide to commission them to build for you, they provide architectural designs and bills of quantity as value add. I recently met the MD (and attended a workshop) in one of the companies, to fact-check. I was impressed, as he mentioned that they allow payments to be spread over 12 months in some instances.
Here are some of the land options I found:
- Ibeju-Lekki/Free Trade Zone: N1.4m to N2.8m (per plot)
- Eko-Akete: N2.1m to N4.2m
- Lagasa: N2.1m to N4.2m
- Festac (6th & 7th Avenue): N5.25m to N10.5m
- Agidingbi by NECA House: N40.5m to N81m
- Badagry: N750k to N1.5m
- Agbara-Atan: N750k to N1.5m
- Ofada-Owode: N350k to N700k
- Itori-Ewekoro: N350k to N700k
- Agbowa-Ikorodu: N750k to N1.5m
- Gwagwalada, Abuja: N600k to N1.2m
- Lugbe, Abuja: N4m to N8m
- Afam, Port Harcourt: N2.55m to N5.1m
- Airport Road, Port Harcourt: N2.35m to N4.7m
If you would like more information about these opportunities, you know what to do – send me an email. As always, be prepared to do your due diligence and to be a responsible investor. Er…serious inquiries only. Thank you.Want to buy land? Here are a few credible opportunities. #Investment #Land #Nigeria Click To Tweet