Can a foreigner buy a house in Nigeria?
Michael Gray
Updated on April 03, 2026
In a landmark decision on 17 April 2017, the Supreme Court of Nigeria held that foreigners cannot legally and validly own land in Nigeria. This decision is of significant interest for the international investing community.
How can I buy property in Lagos Nigeria?
Legal Guide to buying Property in Lagos
- Step 1 – Decide on a Budget and Location.
- Step 2 – Hire a competent Lawyer.
- Step 3 – Look for the perfect (or almost perfect) property.
- Step 4 – Investigating the Seller.
- Step 5 – Investigating the Property.
- Step 6 – View the Property.
- Step 7 – Negotiation.
- Step 8 – Documentation.
How much is a 4 bedroom house in Nigeria?
The average price of 4 bedroom houses for sale in Nigeria is ₦75,000,000. The most expensive house costs ₦500,000,000 while the cheapest costs ₦12,000,000. There are 140,488 listings and 17,318 available 4 bedroom houses for sale in Nigeria.
Which estate is the best in Lagos?
6 Best Residential Estates with Decent Houses in Lagos Island (UPDATED)
- Living Gold Estate.
- Parkview Estate, Ikoyi, Lagos.
- Pinnock Beach Estate Lekki, Lagos.
- Friends Colony Estate, Lekki, Lagos.
- Chevy View Estate, Chevron Drive, Lagos.
- Lekki Gardens Estate.
How long can you own land in Nigeria?
Land rights in Nigeria may be proprietary, possessory or may relate to lesser interests. The recognised rights over land in Nigeria broadly include: Right of Occupancy: A right of occupancy refers to the right granted to a holder to occupy land for a period of up to 99 years as evidenced by a Certificate of Occupancy.
How much can build a 2 bedroom flat in Nigeria?
Breakdown Cost of building a 2 bedroom flat in Nigeria For our proposed project sample, the likely cost is #5,998,000 and this sufficiently adequate to cater for the complete construction of a 2 bedroom flat in Nigeria. The cost could also be cheaper due to location price variance and improvisation could come in handy.
Can foreigners own land in Nigeria?
YES, an alien or a foreigner can own land in Nigeria, but this is subject to certain restrictions identified under the ALAL. The chief restriction under ALAL is the requirement for the State Governor’s_ written approval before the instrument of transfer could be lawfully executed.
How much is a house in Nigeria in US dollars?
Cost of Accommodation in Nigeria versus The USA
| Apartment Type | Cost of Apartment in the US | Cost of Apartment in Nigeria |
|---|---|---|
| 1 Bedroom Apartment (Metropolitan Areas) | 467,576.76 Naira (1,289.87 Dollars) | 219,750.00 Naira (606.21 Dollars) |
| 1 Bedroom outside the metropolis. | 371,062 (1,023.62 dollars) | 123,794 Naira (341 Dollars) |
How much will it cost to build a bungalow in Nigeria?
On the average, based on the estimate above, you should expect to spend a total of anything between N13 million and N27 million for a standard 4-bedroom bungalow, although building the same in rural or developing areas in Nigeria can be on the cheaper side.
Which estate is the best in Lekki?
The estate is mostly made up of 4-5 bedroom family duplexes. South Pointe Estate is located along Orchid Hotel Road, close to Chevy View Estate, Lekki….BEST ESTATES TO LIVE IN LEKKI.
| ESTATES | Mayfair Gardens |
|---|---|
| Location | 1 |
| Infrastructure | 5 |
| Facilities | 5 |
| Electricity | 1 |
Where is the biggest estate in Lagos?
Victoria Island
1004 Housing Estate is an 11-hectare housing estate in Victoria Island, Lagos. Originally named Federal Housing Estate, Lagos and designed by Isaac Fola-Alade, it was constructed in the 1970s as the biggest of its type at the time.
At what age can you buy a property in Nigeria?
Ordinarily, no person less than 21 years old will own land in Nigeria. It s unconstitutional for any Governor to award a statutory right of occupancy or give consent to any transfer of title of the land to any individual who is less than 21 years old except for 2 purposes.
Is there Walmart in Lagos Nigeria?
Walmart in Lagos: The Good and The Ugly. Adewumi Adedoyin Anne. Wal-mart, the popular chain of supermarkets which was started in Arkansas, United States in 1962 finally took a step into planting one of its flagship stores in Nigeria, in the cosmopolitan city of Lagos.
Why did Nigeria move its capital from Lagos to Abuja?
When Lagos was the capital of Nigeria, it was at the risk of being claimed by the Yoruba people as their own land. There was needed to get a settlement where the inhabitants would be compensated and vacated so the capital would be an independent city. Abuja was sparsely inhabited unlike other places in the country.
What is the land mass of Lagos State in Nigeria?
Lagos covers a total land mass of 999.6 km2, making it one of the largest cities in Nigeria by land mass. The report has it that up to 21 million people reside in Lagos. As at today, Lagos remains the top financial hub of Nigeria and Africa.
