Real Estate Investment in Nigeria 2026 — Prices, Yields & Tips
Updated April 2026 • Nigeria Finance Guide • 8 min read
Overview
Nigerian real estate, particularly in Lagos and Abuja, remains one of the most reliable wealth-building vehicles. However, it requires careful due diligence to avoid the many pitfalls that trap unwary buyers.
Key Details
Lagos property prices: Lagos Island (Ikoyi, VI) plots cost NGN 80-200M+, while mainland areas like Yaba and Surulere range from NGN 20-80M. Abuja's Maitama and Asokoro command NGN 50-150M for plots, while Gwarinpa offers more affordable options at NGN 15-40M.
Important Considerations
Rental yields in Lagos average 5-8% for residential properties in prime areas. Commercial properties can yield 8-12%. Capital appreciation has historically been 10-20% annually in areas with good infrastructure development like Lekki, Ajah, and Ibeju-Lekki.
Additional Information
Title verification is crucial: Certificate of Occupancy (C of O) is the most secure title document. Governor's Consent is required for property transfers. Always verify through the Lagos State Land Registry or FCT Lands Department, not just the seller's documents. Use a registered surveyor and lawyer for every transaction.
Frequently Asked Questions
What is the average property price in Lagos?
Lagos Island plots cost NGN 80-200M+. Mainland areas range NGN 20-80M. Lekki has become mid-range at NGN 15-50M for plots.
What rental yield can I expect in Lagos?
Residential rental yields in Lagos average 5-8% in prime areas. Commercial properties can yield 8-12%.
What is a C of O in Nigerian real estate?
Certificate of Occupancy is the most secure land title in Nigeria, issued by the state government. Always verify a property has a valid C of O before purchasing.
Are REITs a good option for small investors?
Yes, REITs listed on the NGX like UPDC REIT allow you to invest in real estate from as little as NGN 10,000 without buying physical property.
How do I verify land ownership in Nigeria?
Conduct a search at the Land Registry (Lagos State or FCT Lands), hire a registered surveyor to verify boundaries, and engage a property lawyer to review all documents.