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Frequently Asked Questions

Get clear answers to the most common questions about buying property in Lagos, Nigeria — especially for Nigerians in the diaspora. Learn about pricing, locations like Lekki and Ajah, and how to buy safely.

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1. Certificate of Occupancy (C of O)
A C of O is an official document issued by the government that gives an individual or company legal ownership of a piece of land for a specific period (usually 99 years).
  • It is the strongest and most secure land title
  • Confirms the land is legally allocated by the government
  • Makes it easier to sell, develop, or use the land as collateral
  2. Excision
Excision means the government has released a large portion of land back to a community for ownership and development.
  • The land is no longer under government acquisition
  • It is usually the first step before getting a Gazette or C of O
  • However, it is still safer than non-excised land
 3. Gazette
A Gazette is an official government publication that confirms:
  • The excised land has been formally recognized
  • The community now legally owns the land
  • It provides legal backing for excised land
  • It is often used for large community land allocations
   Simple breakdown:
  • Excision → Land released by government
  • Gazette → Official proof of excision
  • C of O → Full legal ownership certificate
How much does a 2-bedroom apartment cost in Lekki?
The price of a 2-bedroom apartment in Lekki, Lagos varies widely depending on the exact location, development quality, finishes, and estate amenities.
According to current listings:
📌 Average price in Lekki overall: around ₦200,000,000 – ₦210,000,000 for a 2-bedroom apartment.
📌 In prime Lekki Phase 1: prices typically range from about ₦200,000,000 to ₦350,000,000+, with luxury units exceeding this range in top developments.
📌 In other Lekki neighborhoods (e.g., Ikate): prices can vary, with some 2-bedroom apartments listed from around ₦150,000,000 to ₦280,000,000+ depending on features and finishing level.
Price Breakdown (Typical Market Ranges)
AreaTypical 2-Bedroom Price
Lekki (general)₦180M – ₦250M+
Lekki Phase 1₦200M – ₦350M+
Ikate / Osapa / Chevron₦150M – ₦280M+
Why Prices Vary
✔ Location (Phase 1 vs Lekki outskirts)
✔ Estate amenities (pool, gym, security)
✔ Finishing quality
✔ Title type (C of O, Consent)

 

Several areas in Lagos are expected to appreciate strongly in value due to ongoing development, infrastructure expansion, and high investor demand. These include:

1. Lekki & Lekki-Epe Corridor

Lekki remains one of the hottest real estate markets in Lagos, with strong demand for land, apartments, and estates. The entire Lekki-Epe expressway corridor continues to attract investment because of major projects like the Free Trade Zone, ports, and new infrastructure.

2. Ibeju-Lekki

This area is one of the fastest-growing investment corridors, driven by industrial and commercial developments. Land and property values here have been rising rapidly as infrastructure improves and new estates are launched.

3. Ajah & Sangotedo

Ajah and Sangotedo are popular for mid-range and affordable housing. Their proximity to Lekki and improving road networks make them attractive for buyers and investors looking for growth potential.

4. Epe

Epe is still emerging but shows strong long-term appreciation potential due to road expansion and lower entry prices compared to central Lagos.

5. Ikorodu

Ikorodu is expanding rapidly, especially on the mainland, with increasing residential development and improving infrastructure that supports rising property values.

6. Ikoyi & Victoria Island

These are premium, well-established areas with historically strong appreciation. Properties here command high prices and continue to hold value due to demand from high-income buyers and investors.

additional costs include:

1. Legal fees
Payment for a property lawyer to review documents, draft agreements, and ensure the transaction is safe. This is usually a percentage of the property value.

2. Survey plan and registration fees
You may need to pay for:

  • Survey plan preparation
  • Survey verification and registration at the land registry

3. Documentation / contract fees
This covers preparation of:

  • Deed of assignment
  • Contract of sale
  • Other legal property documents

4. Government charges
Depending on the property type, you may pay:

  • Stamp duties
  • Registration fees
  • Consent fees (for Governor’s Consent properties)

5. Agency or commission fees
If an agent or real estate company is involved, a commission or service fee may apply (varies by agreement).

6. Development levies (for estates)
In gated estates, you may be required to pay:

  • Infrastructure development fees
  • Estate service charges
  • Security and maintenance levies