Buying property in Lagos can be one of the smartest investments you’ll ever make—but it can also become a financial nightmare if you’re not careful. With Lagos being Nigeria’s most dynamic real estate market, thousands of people buy land, houses, and apartments every year. However, many first-time buyers make avoidable mistakes that cost them money, time, and peace of mind.
In this article, we’ll highlight 7 common mistakes to avoid when buying property in Lagos so you can make a safe and profitable investment.
1. Not Verifying Land Titles and Documents
One of the biggest mistakes is failing to confirm if the property has proper titles such as a Certificate of Occupancy (C of O), Governor’s Consent, or Deed of Assignment. Fraudsters often sell land multiple times or use fake documents.
✅ Tip: Always work with a property lawyer or trusted real estate agent to verify ownership and documentation before making any payments.
2. Ignoring the Location Factor
In Lagos, location is everything. Buying cheap land in a flood-prone area or one with poor road access may seem like a bargain today, but it could be costly tomorrow.
✅ Tip: Choose areas with good infrastructure, security, and development potential. Popular options include Lekki, Ajah, Ibeju-Lekki, Ikeja, and Surulere.
READ ALSO: Why Buying Land Now Is the Smartest Investment in 2025
3. Skipping Professional Property Inspection
Many buyers rush into transactions without physically inspecting the property. Pictures online can be misleading, and you may miss hidden issues such as structural defects or poor drainage.
✅ Tip: Hire a qualified surveyor or property inspector to check the land or house before committing.
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4. Not Budgeting Beyond the Purchase Price
Buying property in Lagos goes beyond the actual price. Additional costs like survey plans, agency fees, legal charges, and documentation can add up quickly.
✅ Tip: Set aside at least 10–15% of your budget for extra fees so you’re not caught off guard.
5. Falling for “Too Good to Be True” Deals
If the price looks unbelievably cheap, it probably comes with risks. Scammers and land grabbers often lure unsuspecting buyers with unrealistic offers.
✅ Tip: Compare prices in the same neighborhood. If the property is far below market value, investigate carefully before committing.
6. Overlooking Government Acquisition and Excision Issues
Some lands in Lagos are under government acquisition, meaning they are reserved for future projects. Buying such land without excision or regularization could lead to demolition or loss of investment.
✅ Tip: Always check with the Lagos State Land Bureau to confirm the status of the property.
7. Not Using a Trusted Real Estate Professional
Trying to “go it alone” often leads to costly mistakes. Many buyers rely solely on the word of sellers, friends, or unverified agents.
✅ Tip: Work with a reputable real estate company in Lagos that offers professional guidance, proper documentation, and after-sales support.
Conclusion
Lagos is full of real estate opportunities, but it’s also filled with risks. By avoiding these 7 common mistakes—such as neglecting document verification, ignoring location, and falling for scams—you can protect your investment and secure your dream property with confidence.
Whether you’re buying land in Ibeju-Lekki or a home in Ikeja, remember: proper research, professional guidance, and patience are your best tools for safe property investment in Lagos.
