FAQs

Frequently Asked Questions

Welcome to our FAQ page, where we provide answers to some of the most common questions about buying, selling, and managing real estate in Lekki, especially for our clients in the diaspora. We understand that investing in property from abroad comes with unique challenges and questions, so we've compiled a list of queries to help guide you through the process with ease. Whether you're buying your first home, investing in commercial property, or have inquiries about property management, find the information you need right here to make informed decisions. If your question isn't covered, please don't hesitate to contact us directly for personalized assistance.

Why should I consider investing in real estate in Lekki?

Lekki is a rapidly developing area in Lagos, known for its upscale neighborhoods, commercial developments, and proximity to various amenities. It offers high potential for property value appreciation, making it an attractive option for both residential and investment purposes.

Can I buy property in Nigeria while living abroad?

Yes, you certainly can. We specialize in assisting Nigerians living abroad in navigating the process of purchasing property in Nigeria, offering comprehensive support from property selection to finalizing the deal.

What are the legal requirements for buying property in Nigeria?

The legal requirements include due diligence on the property, ensuring it has a clear title, registering the property, and complying with local real estate laws. Our team will guide you through each step and handle the necessary legal processes.

How can I be sure my investment is safe?

We ensure the safety of your investment by conducting thorough due diligence, providing detailed property reports, and offering legal support to verify and secure your property purchase.

What types of properties are available in Lekki?

Lekki offers a wide range of properties including luxury apartments, detached houses, semi-detached houses, townhouses, and land for development. We can help you find a property that suits your specific needs and investment goals.

Can I manage my property from abroad?

Yes. We offer property management services that include tenant sourcing, rent collection, regular maintenance, and providing you with periodic reports, making it convenient for you to manage your property from anywhere in the world.

What is the process of buying property in Nigeria for someone living abroad?

The process typically involves selecting a property, conducting due diligence, negotiating the price, preparing and signing legal documents, and making payment. Our team will assist you at every step, ensuring a smooth and transparent process.The process typically involves selecting a property, conducting due diligence, negotiating the price, preparing and signing legal documents, and making payment. Our team will assist you at every step, ensuring a smooth and transparent process.

Are there financing options available for diaspora investors?

Financing options vary, and some Nigerian banks offer mortgage products for diaspora investors. We can provide you with information on available options and guide you through the process of securing financing.

How can I stay informed about my property investment?

We provide regular updates and reports on your property, including market trends, rental income, maintenance needs, and other relevant information to keep you fully informed about your investment.

Can you assist with selling property in Lekki?

Absolutely. We offer a range of services including market appraisal, property listing, marketing, negotiation, and handling the sale process to ensure you get the best possible return on your investment.

What are the tax implications of owning property in Nigeria?

Owning property in Nigeria comes with certain tax responsibilities, including land use charges, property taxes, and income tax on rental earnings if applicable. We provide detailed guidance on tax obligations and can connect you with tax professionals to manage these efficiently.

How long does the property buying process usually take?

The timeline can vary depending on the specifics of the transaction, but typically, purchasing property in Nigeria can take anywhere from a few weeks to a few months. This includes time for due diligence, obtaining necessary approvals, and completing payment transactions. Our team streamlines this process to make it as quick and seamless as possible.

Can I view properties online, and how accurate are online listings?

Yes, you can view properties online. We ensure that all online listings are accurate and up-to-date, with high-quality photos and detailed descriptions. We also offer virtual tours to help you get a better feel for the property from abroad.

What should I know about the local real estate laws in Lekki?

Local real estate laws in Lekki cover aspects like land use regulations, property ownership rights, and tenant-landlord laws. Understanding these laws is crucial to protecting your investment. Our legal team provides comprehensive briefings to ensure you are well-informed.

What are the common pitfalls to avoid when buying property in Nigeria?

Common pitfalls include not conducting thorough due diligence, dealing with unverified sellers, and overlooking legal procedures. We help you avoid these pitfalls by ensuring thorough verification, due diligence, and adherence to legal protocols.

How do I ensure that my property retains or increases in value?

Maintaining or increasing property value can be achieved through strategic location choice, quality maintenance, and upgrades. Additionally, staying informed about local market trends and developments is crucial. We provide ongoing advice and management strategies to help maximize your property's value.

Are there any cultural considerations I should be aware of when investing in Lekki?

Understanding local customs and community expectations is important, especially in negotiations and managing relationships with tenants or service providers. Our team can provide insights into local cultural practices to help you navigate these aspects effectively.

How do I handle currency exchange and money transfer issues?

Transferring money internationally to purchase property can be complex due to fluctuating exchange rates and transaction fees. We offer guidance on efficient and secure methods for handling payments and currency exchange.

Can I trust the property valuation given by local agents?

While most agents provide reliable valuations, it's advisable to get an independent appraisal. We can arrange for independent property valuations to ensure you have an accurate assessment of the property’s worth.

What support services do you offer post-purchase?

Post-purchase, our services include property management, legal compliance checks, tax advice, and resale support. We aim to provide comprehensive support throughout your investment journey to ensure continued satisfaction.

Don’t miss this opportunity to learn everything you need to know about buying real estate in Lekki. Whether you're looking to build your dream home, secure a vacation house, or expand your investment portfolio, this guide is your first step towards making informed and profitable real estate investments.

Invest smartly with our expert guidance — get your free ebook today!

For any queries contact us @ (604) 900-8842

Don’t miss this opportunity to learn everything you need to know about buying real estate in Lekki. Whether you're looking to build your dream home, secure a vacation house, or expand your investment portfolio, this guide is your first step towards making informed and profitable real estate investments.

Invest smartly with our expert guidance — get your free ebook today!

For any queries contact us @ (604) 900-8842

Copyright: © 2024 Lekki Real Estate - All Rights Reserved

Copyright: © 2024 - All Rights Reserved