The Nigerian real estate market is a vast and dynamic space that offers plenty of opportunities for inventors in to make money.
If you’re looking either to invest or earn six figures income, don’t worry, I will walk you through it. Let’s quickly get started
What are the best ways to buy and sell real estate properties in Nigeria in other to make millions?
There are numerous ways that I have tested, and I am going to show you in this article. Below are the ways or procedures you must take in other to make millions from the real estate business.
1. Understanding the Nigerian Real Estate Market
Before you can start buying or selling real estate properties in Nigeria, it’s important to have a good understanding of the market. The Nigerian real estate market is currently experiencing a period of growth, with prices increasing in many areas. According to the National Bureau of Statistics (NBS), the average price of residential property in Nigeria increased by 4.5% in 2025.
Popular areas for investment in Nigeria include Lagos, Abuja, and Port Harcourt, which are known for their strong economies and growing populations.
When it comes to trends and changes in the Nigerian real estate market, one of the most notable changes in recent years has been the increasing popularity of real estate crowdfunding platforms.
2. Finding the Right Property
One of the most important steps in buying or selling real estate properties in Nigeria is finding the right property. There are several ways to go about this, including:
3. Researching potential properties online
There are many websites and online platforms that can help you find properties that are currently on the market in Nigeria. Some of the most popular platforms include PropertyPro.ng, Jumia House, and ToLet.com.ng.
4. Working with a real estate agent
A real estate agent can help you find properties that match your specific criteria and can also provide valuable advice on negotiating the best deal.
With this, I am very sure that you can earn money with just buying and selling.
5. Building a Real Estate Portfolio
Building a successful real estate portfolio in Nigeria requires a combination of research, planning, and execution. One of the most important things to consider is diversifying your investments across different areas and property types. This can help to spread the risk and increase the chances of success.
Real estate can help you monitor your properties effectively. This involves hiring a property manager, setting up systems for collecting rent, and finding ways to increase the value of your properties over time.
6. Understanding the Legal and Regulatory Environment
When buying or selling real estate properties in Nigeria, it’s important to understand the legal and regulatory requirements. These can include taxes, permits, and other laws and regulations that may apply.
One of the most important things to be aware of is the process for obtaining a Certificate of Occupancy (C of O), which is required for any property that is being bought or sold in Nigeria.
The process for obtaining a C of O can vary depending on the state and the type of property but it’s advisable to get one for your business.
Tips for Success in The Nigerian Real Estate Market
When it comes to making money in the Nigerian real estate market, there are several tips and strategies that can help increase your chances of success. Some of the most important tips include
Finding the right professionals
The very first thing you should do is to work with diligent professionals such as real estate agents, lawyers, and property managers, to help you navigate the process of buying or selling properties.
Marketing and promoting your properties
Secondly, in other to attract potential buyers or renters, it’s important to market and promote your properties effectively. This can include creating online listings, advertising in local newspapers, and working with real estate agents to showcase your properties.
Managing your finances effectively
Moving forward, to make the most of your real estate investments, it’s important to manage your finances effectively. This can include setting up a budget, creating a business plan, and finding ways to increase your cash flow.
Studying Case Study
One of the most effective ways to learn about the Nigerian real estate market is by studying the success stories of other investors. A case study of a successful Nigerian real estate investor can provide valuable insights into the strategies and techniques that can be used to make money in the Nigerian real estate market.
FAQ
What is the fastest way to sell real estate in Nigeria?
The fastest way to sell real estate in Nigeria is by using online platforms such as property portals, classified ads, and social media.
Other methods of selling real estate in Nigeria include word-of-mouth and personal connections.
If you know people in the real estate business, you can ask them to share your listing with their contacts, which could help you find a buyer more quickly.
How to make millions in real estate
- Invest in pre-construction properties
- Invest in established properties
- Become a real estate agent
- Invest in fixer-upper properties
- Start a property management business
- Develop rental properties
- Invest in vacation rental properties
- Invest in commercial real estate.
Thanks for reading to this end.
