Is it safe to invest in Nigeria?

Discussion in 'Africa Property' started by totallyproperty, Nov 26, 2014.

  1. totallyproperty

    totallyproperty Administrator Staff Member

    The vast majority of real estate investors will at some stage have looked at Africa and perhaps even the Nigerian real estate market. It is unfortunate that Nigeria is often seen as the "scam centre of the world" something which tends to take away any focus from legitimate and attractive investments in the country.

    Do you have any experience of buying and selling real estate in Nigeria? Is it safe to invest in Nigerian property?
     
  2. turawafetty

    turawafetty New Member

    Nigeria property market is the number one property market in Africa, Lagos Nigeria, most especially the island is the most expensive property market given its unique features, most apartments on the island particularly Ikoyi and Victoria Island property are rented using US dollars.

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  3. diyhelp

    diyhelp Active Member

    So long as you are careful and go into these property markets with your eyes open then there is potential to make good money. Nigeria does have a terrible reputation for fraud and scams but on the other hand I am sure I read somewhere that it is one of the fastest growing African countries.
     
  4. turawafetty

    turawafetty New Member

    Your are right but the government of Lagos state here in Nigeria has a comprehensive data base of owners of lands in the States and the type of title document the owner has, all you need to do is conduct a search on the property from the state land ministry before buying any property, lot of investment opportunity is available in the state. I'm a real estate agent here in Lagos, I specialized on properties on the island, I also sales properties for banks too.

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