Question 1

Is Lekki a good place to buy an apartment?

Accepted Answer

Lekki is one of Lagos's major residential and real estate corridors, with established neighbourhoods, ongoing development and demand for different types of housing. Whether a particular apartment is a good investment depends on its exact location, price, documentation, construction quality, rental demand and other factors.

Question 2

How much does an apartment cost in Lekki, Lagos?

Accepted Answer

Apartment prices vary considerably depending on the location, number of bedrooms, development, title, facilities, finishing, service level and market conditions. Buyers should check current listings for the specific Lekki location and property type they want.

Question 3

Can Nigerians living in the US or UK buy property in Lagos?

Accepted Answer

Yes. Nigerians living abroad can purchase property in Nigeria. Diaspora buyers should verify the seller or developer, review property documentation, carry out appropriate searches and use a qualified Nigerian property lawyer before completing the transaction.

Question 4

Can I buy an apartment in Lekki without travelling to Nigeria?

Accepted Answer

It may be possible to manage much of the buying process remotely, particularly for initial property searches, virtual inspections and documentation review. Buyers should have trusted professionals independently inspect and verify the property and documentation before committing funds.

Question 5

Are the apartments listed on Lagos Property Direct verified?

Accepted Answer

Lagos Property Direct works with property developers, owners and real estate partners and seeks relevant property and development information before presenting listings. The level and scope of verification can vary by property. Buyers should request the specific documentation available for a property and conduct independent legal due diligence before purchase.

Question 6

Is buying an apartment in Lekki a good investment?

Accepted Answer

It can be, but returns are not guaranteed. The investment potential of an apartment depends on factors including purchase price, location, rental demand, operating expenses, service charges, vacancy, property quality and future market conditions.

Question 7

Can I earn rental income from an apartment in Lekki?

Accepted Answer

Yes, apartments in parts of Lekki are rented by residents, professionals, families and other tenants. Actual rental income depends on the specific property and location. Investors should research comparable rents and calculate expenses before purchasing.

Question 8

What documents should I check before buying an apartment in Lagos?

Accepted Answer

The documents required depend on the property's ownership history and transaction structure. Depending on the property, relevant documents may include a Certificate of Occupancy, Governor's Consent, Deed of Assignment, Registered Survey and other supporting documents. A qualified Nigerian property lawyer should review and verify the applicable documentation.

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