Identify the property, conduct due diligence, negotiate the price, prepare and sign the sales agreement, pay for the property, and complete the transfer of title.

Conduct a title search at the land registry, check for encumbrances, and verify the seller’s ownership and the title’s validity.

Understand the market trends, legal requirements, location advantages, and potential risks.

Landlords should provide habitable premises, handle major repairs, and respect tenant privacy. Tenants must pay rent on time, maintain the property, and adhere to lease terms.

Consider location, property condition, amenities, market rates, and demand-supply balance in the area.

Follow the terms of the lease agreement, attempt mediation, and if unresolved, seek legal recourse through the appropriate court.

The essential documents include the Deed of Assignment, Certificate of Occupancy, Survey Plan, Purchase Receipt, and Governor’s Consent.

To conduct a property search, visit the land registry with the property details, fill out the search application, pay the required fees, and review the search report.

Purchasing property with a defective title may lead to loss of investment, legal disputes, and inability to resell or develop the property.

Personal savings, mortgage loans, cooperative societies, real estate investment trusts (REITs), and private investors.

Apply through a mortgage lender, provide required documentation, undergo credit assessment, and upon approval, receive a loan to purchase the property, repaid over time with interest.

Prepare a solid business plan, approach financial institutions or private investors, and explore alternative funding sources like crowdfunding.

Increasing demand for affordable housing, growth in commercial real estate, rising property prices in urban areas, and the adoption of green building practices.

Lagos, Abuja, Port Harcourt, and emerging cities like Ibadan and Uyo offer significant investment opportunities.

Economic stability, inflation rates, government policies, and market demand-supply dynamics influence property prices.

Land acquisition, feasibility study, design and planning, obtaining approvals, construction, marketing, and sales or leasing.

Building permits, Environmental Impact Assessment (EIA) approval, planning permits, and other regulatory consents.

Delays in approvals, funding issues, construction delays, regulatory compliance, and market fluctuations.

Regular maintenance, timely rent collection, tenant screening, and clear communication.

Advertise vacancies, conduct background checks, verify employment and rental history, and interview applicants.

Stay informed about applicable taxes, maintain accurate records, and ensure timely payment to avoid penalties.

Federal Ministry of Works and Housing, state land registries, and the Nigerian Institution of Estate Surveyors and Valuers (NIESV).

Submit architectural plans, pay required fees, undergo site inspection, and receive approval from the relevant authority.

Verify the zoning classification of the property, obtain necessary permits, and adhere to land use regulations.