Introduction
The Nigerian real estate market continues to evolve, and one trend gaining momentum is buying off-plan properties. These are properties purchased before they are completed — sometimes even before construction begins.
For many investors and diaspora buyers, this option presents an opportunity to buy into the future at today’s prices. But as promising as it sounds, off-plan investment isn’t without its risks.
In this guide, we’ll break down:
- What off-plan properties are
- The rewards that make them attractive
- The risks to watch out for
- And most importantly, how to buy off-plan properties safely in Nigeria
🔍 What is an Off-Plan Property?
An off-plan property is a home or building that you purchase based on architectural designs, site plans, or a developer’s proposal before it’s fully constructed.
You’re essentially buying into the promise of what the property will become — and ideally, at a discounted rate compared to its market value upon completion.
✅ Rewards of Buying Off-Plan Properties
- Lower Initial Cost
- Off-plan homes typically come at 20%–30% cheaper than fully built properties.
- Ideal for buyers looking to enter the market affordably.
- Flexible Payment Plans
- You can often spread payments over 6–24 months, reducing financial strain.
- High ROI Potential
- By the time the property is completed, it often appreciates significantly in value.
- This is especially true in fast-growing areas like Ibeju-Lekki, Epe, and Abijo GRA.
- Customization Options
- Buyers can sometimes request design tweaks or finishing preferences.
- First-Mover Advantage
- Early investors enjoy the best pricing and plot options in newly launched estates or developments.
⚠️ Risks of Buying Off-Plan Properties
- Project Delays
- One of the most common issues. Poor planning, funding problems, or regulatory bottlenecks can push deadlines back by months — even years.
- Abandonment
- Some unscrupulous developers collect funds and disappear, especially when projects aren’t backed by solid financials or proper approvals.
- Lack of Infrastructure
- If the area is underdeveloped, you may face issues like poor road access, electricity, and water supply even after the house is ready.
- Quality Concerns
- The finished property may not match the promised quality if the developer cuts corners.
- Title Issues
- Always confirm that the land is genuine and free from encumbrances before committing.
🛡️ How to Buy Off-Plan Properties Safely in Nigeria
Here’s how to protect your money and maximize your investment:
1. Buy from Reputable Developers
- Choose developers with a proven track record, like Goodlords Estates, who offer fully verified, legally backed off-plan properties.
2. Verify Land Documentation
- Confirm the title documents, such as:
- Government Allocation
- C of O (Certificate of Occupancy)
- Registered Survey
- If unsure, involve a trusted real estate lawyer.
3. Visit the Site
- Even if construction hasn’t started, go to the location. Understand the terrain, accessibility, and neighboring developments.
4. Get a Written Agreement
- Ensure there is a contract of sale, a payment schedule, and a project timeline.
- Insist on receipts and a copy of all agreements.
5. Monitor Progress
- Stay in touch with the developer.
- Request project updates, visuals, or even periodic inspections.
📍 Top Off-Plan Locations to Consider in 2025
- Ibeju-Lekki: High appreciation potential with the Lekki Free Trade Zone and Dangote Refinery nearby.
- Epe: Fast-developing, affordable entry point, perfect for land banking.
- Abijo GRA: Secure, GRA-compliant, and already seeing infrastructure growth.
- Sangotedo: Central location with schools, malls, and business parks.
At Goodlords Estates, we offer off-plan projects in these strategic locations — with transparent pricing, verified documentation, and guaranteed delivery timelines.
✨ Final Thoughts
Buying off-plan can be one of the smartest ways to own affordable real estate in Nigeria, as long as you do it right.
The key is due diligence and working with a trusted partner who delivers on their promise. Whether you’re an investor looking for ROI or a diaspora buyer seeking long-term security, the off-plan route can open doors to prime property ownership without the upfront financial pressure.
Ready to Invest in a Secure Off-Plan Property?
✅ 100% Verified Land Titles
✅ Transparent Contracts & Timelines
✅ Prime Locations in Lagos
✅ Flexible Payment Options
📞 Call/WhatsApp us now to speak with a property advisor or schedule a site tour.
