Real estate in Nigeria is a booming sector with vast opportunities for investment, property development, and homeownership. However, navigating the legal and regulatory landscape is essential to avoid risks and maximize returns.
At DOM AKABUIRO & CO. (Ideal Solicitors), we provide expert legal advisory and real estate services to ensure safe and profitable property transactions.
Key Aspects of Real Estate in Nigeria
1. Land Ownership & Title Documents
Before purchasing land or property, it is crucial to verify ownership and ensure proper documentation. Key documents include:
✅ Certificate of Occupancy (C of O) – Confirms ownership and government approval of land use.
✅ Deed of Assignment – Transfers ownership from one party to another.
✅ Survey Plan – Maps out the land’s exact location and boundaries.
✅ Governor’s Consent – Required for transferring ownership of land with a C of O.
Tip: Always conduct legal due diligence to confirm the authenticity of property documents before making any transactions.
2. Land Tenure System & Laws Governing Real Estate
Real estate in Nigeria is governed by the Land Use Act of 1978, which vests all land ownership in the state government. Buyers must obtain Governor’s Consent before transferring land ownership.
Additionally, each state has its own real estate laws and regulations, making legal guidance crucial for investors.
3. Real Estate Investment Opportunities
The Nigerian real estate market offers diverse investment opportunities, including:
🏡 Residential Properties – Buying, renting, and leasing apartments and houses.
🏢 Commercial Real Estate – Office spaces, shopping malls, and business hubs.
🏗 Real Estate Development – Construction of estates, luxury apartments, and affordable housing projects.
🌱 Land Banking – Buying land in developing areas for future appreciation.
Tip: Location is key! Cities like Lagos, Abuja, and Port Harcourt have high demand and promising investment returns.
4. Real Estate Risks & Legal Challenges
While real estate is profitable, it also comes with risks such as:
⚠ Land Disputes & Encroachment Issues
⚠ Fake Property Documents & Fraudulent Sales
⚠ Government Acquisition & Land Use Restrictions
⚠ Tenant-Landlord Disputes & Rental Defaults
Tip: Work with experienced real estate lawyers to verify property documents, conduct due diligence, and draft legally binding agreements.
5. Resolving Real Estate Disputes
Disputes in real estate transactions can arise from land ownership claims, contract breaches, and tenancy issues. Legal resolution methods include:
✔ Litigation – Taking disputes to court for legal enforcement.
✔ Arbitration & Mediation – Faster, cost-effective alternatives to litigation.
✔ Title Perfection & Regularization – Correcting property documentation errors.
Why You Need a Real Estate Lawyer in Nigeria
✅ Legal Due Diligence & Property Verification
✅ Drafting & Reviewing Purchase Agreements
✅ Title Registration & Perfection of Ownership
✅ Resolution of Landlord-Tenant Disputes
At DOM AKABUIRO & CO., we provide expert legal services for real estate transactions, ensuring your property investments are secure and profitable.
📩 Planning to buy, sell, or invest in property? Contact us today for professional legal support!
