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Nigeria · NGN

Real estatein Nigeria

Nigeria's property market is governed by the Land Use Act of 1978, which vests all land in the state governor. Certificates of occupancy (C of O) are the primary title document. sivrce opens with Lagos and Abuja.

Registry path
Title checked
3D map
3%Lagos consent fee alone
6–8%honest all-in Lagos stack
Consentthe deed is void without it
C-of-Othe title class that trades clean
What a purchase really costs

₦150,000,000 home in Nigeria

Consent fee + stamp + registration (3%)
₦4,500,000
Stamp + registration (≈3%)
₦4,500,000
Legal (≈1%)
₦1,500,000
Cash needed at closing
₦160,500,000

≈ +7% over the price. Lagos: governor’s consent 3% of assessed value, stamp 2%, registration ~1.5% (capped), plus neighborhood charges — the honest all-in is 6–8% and the consent itself can take months. A deed is void without consent: buy only with the consent process started and escrow held. New Certificate-of-Occupancy land in schemes (Lekki, Eko Atlantic) trades cleaner than old family land with customary title.

Rentals run on rules

The rent side, in three lines

  • Deposits run one to two years paid in advance — price the time value.
  • Leases are annual, often with two years upfront demanded.
  • A tenancy agreement without the landlord’s consent in process is a risk, not a contract.

Lagos is the market: Ikoyi and Lekki price off oil and tech; Abuja off government rent; Port Harcourt off energy majors.

The Land Use Act means all land is vested in the state governor, and buyers hold a Right of Occupancy or Certificate of C of O. Foreign buyers can hold these but face restrictions in some states.

Transaction costs are high: legal fees (5–10%), agency fees (5–10%), stamp duty (1–3%), and registration fees (varies). The process is lengthy and documentation quality varies.

sivrce.com/ng is the canonical Nigeria URL. Listings publish only when verified.

FAQ

Can a foreigner buy in Lagos?
Yes, with a Certificate of Occupancy. The Land Use Act governs all land, and foreign ownership is subject to state consent.
What is a C of O?
Certificate of Occupancy: the primary land title document in Nigeria, issued by the state governor. It grants the right to use and develop the land for a specified purpose.

All markets: sivrce.com · Georgia marketplace: sivrce.ge · Prices and availability are published only when a verified listing exists. Market currency: NGN.