Real estate investing in Nigeria is one of the major ways that investors create steady income streams. Although, just as there are countless ways for you to make money and build a financial cushion for yourself, there are several loopholes that can limit how much money you make when you invest in real estate in Nigeria. That is why it is important to do thorough research before you dive in.
Acquisition of real estate begins with the pre-contract stage of conducting due diligence on the land to be acquired to discover issues such as the nature of the title of the vendor, pending ligation on the land (if any), interest to be alienated, the capacity of the vendor, the physical condition of the land, encumbrances on the land, land survey, or whether the land is under government acquisition. At this stage of land acquisition, it is advisable to engage the services of a property lawyer for proper advice and guidance.
