Property Investment in Nigeria: How Much Do You Actually Need to Start?

Investing in Nigerian real estate is one of the most reliable ways to build long-term wealth. This guide breaks down the real numbers.

Minimum Investment by Property Type

Land (Most Accessible Entry Point)

Illustrative ranges (Realvista estimates)

• Outskirts of Lagos (Ibeju-Lekki, Epe): ₦500,000 – ₦2,000,000
• Abuja Satellite Towns (Kuje, Gwagwalada): ₦800,000 – ₦3,000,000
• Port Harcourt (Trans-Amadi, Rumuola): ₦1,000,000 – ₦4,000,000

Studio/Mini-Flat (Rental Income)

Illustrative ranges (Realvista estimates)

• Lagos Mainland: ₦3,000,000 – ₦8,000,000
• Abuja (Kubwa, Lugbe): ₦4,000,000 – ₦10,000,000

2-Bedroom Apartment

Illustrative ranges (Realvista estimates)

• Lagos (Surulere, Yaba): ₦12,000,000 – ₦25,000,000
• Abuja (Gwarinpa, Jabi): ₦15,000,000 – ₦35,000,000

For expected rental yields by city, see our rental yield guide.

The Hidden Costs New Investors Miss

Beyond the purchase price, budget for:

• Legal fees (solicitor): 5–10% of property value
• Survey/valuation: ₦50,000 – ₦200,000
• Governor consent/C of O: 3–5% of property value
• Agency commission: 5–10%
• Renovation/furnishing: ₦500,000 – ₦5,000,000+

Rule of thumb: Add 15–20% to the purchase price for all fees and costs.

Step-by-Step: Your First Property Investment

Step 1 — Define your goal: capital appreciation, rental income, or fix and flip.

Step 2 — Choose your location: proximity to jobs, upcoming infrastructure, security.

Step 3 — Verify the title: Certificate of Occupancy, Deed of Assignment, Survey plan.

Step 4 — Use a verified agent on Realvista.

Step 5 — Track your investment using Realvista portfolio tracker.

Figures are Realvista estimates of typical costs based on general market observation, not a calculation from listings on this platform. Prices change quickly; check current listings and get professional advice before committing funds.