How much to buy a house in lagos

The cost of buying a house in Lagos, Nigeria can vary greatly depending on the size, location, and condition of the property. Generally speaking, the price of a standard two-bedroom home in a good area of Lagos can range from ₦65 million to ₦180 million. For a more upscale property, the cost can be much higher. It is also important to factor in additional costs such as legal fees, stamp duty, and registration fees.

A small two-bedroom flat in a less desirable area may cost around ₦4 million while a large five-bedroom duplex in a desirable area may cost around ₦80 million or more. Of course, there is no one-size-fits-all answer as the cost of buying a house in Lagos will depend on your individual requirements.

When buying a house in Lagos, it’s important to factor in not just the purchase price but also any additional costs associated with the transaction such as land registration fees, stamp duty, etc. These additional costs can add up quickly and should be factored into your budget when considering the overall cost of purchasing a house in Lagos.

Finally, it’s important to note that buying a house in Lagos can be an extremely competitive process. Houses are snapped up quickly and you will need to move fast if you want to secure the property you want. It’s also recommended that you engage the services of a real estate agent who knows the local market and can guide you through the process.

I hope this information helps give you an idea of how much it costs to buy a house in Lagos. Good luck! 

 

Here are some other tips to help you make an informed decision:

1. Price it out carefully

It's important not to get swept away by the hype surrounding Lagos's real estate market. Make sure you know exactly what you're getting into before you buy!

2. Look at the neighbourhood

Find out which neighbourhoods are most popular, and check out those neighbourhoods' schools, parks and other amenities before making an offer on a property there. You'll want to make sure your children will have access to good schools when they start school.

You should also consider what kind of amenities your new house has and how much it will cost,