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Desh Nautilus Limited: A real estate with a difference

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Investing in real estate is one of the many avenues that come with a significant profit. In this current economic situation, if you want to invest in real estate you must look at it as a business for you to make profits. 

Lagos and Abuja have benefited mostly in the real estate business in Nigeria due to the high level of inflation in the country and this trend will continue. Locations like Lekki, Victoria Island, Ikoyi, Ikota, VGC, ikate, Lekki Penninsula Scheme II have a high demand for real estate.

The demand for retail space is high in the country for shopping complexes, shopping centers, and shops, apartments/flats, semi-detached duplexes, fully detached houses, teraces. Real estate businesses perform better than expected in most instances

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A real estate investment is protected against the high rate of inflation and if you are seeking a profitable investment it’s best you invest in real estate. Investing in real estate gives you the opportunity to be your own boss whether you are buying land or a house it becomes an asset to you and your family at large. 

Investing in properties or real estate is one of the best businesses in Nigeria. Investing in real estate is essential as many people in the world invest inproperties and real estate today. 

Businessman buy House , vector illustration

Buying properties or real estate in this current economic situation in the country is prudent because real estate is stable. 

Why not invest in a real estate property today 

so take advantage of this opportunity and invest in real estate today and not just invest in another business

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that come with it 

With Desh Nautilus Limited you’ll never go wrong… invest wisely!! 

Website: https://deshnautilus.com.ng 

www. Lagosproperty.net 

Address: Plot 11A, Ralph Karirien Crescent, Lekki Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623, 0902 831 6625

Navigating Homeownership in Nigeria: Legal and Financial Considerations

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Introduction:

Although purchasing a home is a major life achievement and investment, it is also fraught with several legal and financial complications. To make a successful property purchase in Nigeria, a nation with a diverse real estate market and regulatory structure, it is essential to be aware of these factors. We’ll go over the essential legal and financial considerations to make while purchasing a home in Nigeria in this blog post.

1. Financial Planning

Examine your finances carefully before entering the real estate market:

• Budget: When determining your spending plan, take into account costs more than just the purchase price, such as insurance, property taxes, and legal fees.

• Mortgage: Look into the mortgage choices offered by Nigerian banks. Review the qualifying requirements, terms, and interest rates in great detail

• Down payment: Be ready to put down a sizeable amount of money—typically between 10% and 30% of the home’s value.

• Credit Score: Maintain a good credit score because it can impact your ability to get a mortgage and the interest rates you pay

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2. Legal Documents

It’s critical to comprehend the following legal documents before buying a home in Nigeria:

• Purchase Agreement: A legal expert should analyze this document, which sets forth the terms and circumstances of the sale.

• Title Records: Verify the ownership history of the property and check for any encumbrances by doing a comprehensive title search.

• Deed of Assignment: This document, known as a deed of assignment, transfers ownership from the seller to the buyer.

• Survey Plan: To confirm property lines and make sure there are no boundary conflicts, a survey plan is necessary.

• C of O (Certificate of Occupancy): Verify that the property is in possession of a current C of O, which serves as proof of official recognition.

• Governor’s Permission or Consent: In some circumstances, transferring land rights may require the governor’s permission

3. Legal Assistance

In Nigeria, consulting a real estate lawyer is strongly advised. People can:

• Examine any contracts and legal documents.

• Check the legitimacy of any property titles and paperwork.

• Make sure that all taxes and fees required by law are paid.

• Provide legal protection in case of disputes.

4. Property Inspection

Never fail to inspect a property. Hire a trained inspector to evaluate the building’s condition and point out any potential problems or required maintenance. Negotiating with the seller during this stage is essential to avoiding unpleasant surprises after the sale.

5. Stamp Duties and Taxes

Be ready to pay a variety of taxes and fees when buying a home, including stamp duty, capital gains tax, and legal costs. To fully grasp the tax ramifications, speak with your lawyer or a tax professional

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6. Payment Structure

Recognize the property’s payment schedule. Payment arrangements may include an initial deposit, periodic payments, and a final lump-sum payment following completion.

7. Local Regulations and Community Rules

Find out about any neighborhood and local laws that might apply to your property. Specific zoning laws, construction codes, and homeowners’ groups that charge dues and enforce rules apply in some places.

8. Insurance

To safeguard your home against unforeseeable occurrences like fire, theft, or natural disasters, think about purchasing homeowners’ insurance. Insurance can offer protection and financial comfort.

Conclusion

It’s important to approach buying a home in Nigeria with thorough consideration of the legal and financial ramifications because it’s a significant milestone. You can confidently start your homeownership journey in Nigeria by doing your research, getting legal advice, and carefully organizing your money. Remember that local real estate markets can differ significantly, so it’s important to learn about and keep up with the particular circumstances in the area where you intend to buy your home.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

Website: https://deshnautilus.com.ng

Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623 

Lekki Peninsular II- Lagos’ Piece of Paradise

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Introduction:

Lekki Peninsula 2 (commonly referred to simply as “Lekki Phase 2”) is a suburb that has quickly developed into a major residential and business center. It is located along Lagos, Nigeria’s gorgeous coastline. Lekki Peninsula 2 has emerged as one of the most sought-after areas to live and work in Lagos thanks to its advantageous location, tranquil atmosphere, and modern amenities. We will explore the distinct attraction and charm that make LekkiPeninsula 2 a piece of heaven in Lagos in this neighborhood spotlight.

Location and Accessibility

Lekki Peninsula 2 is located on the LekkiPeninsula, a rapidly expanding region renowned for its upmarket neighborhoods and active commercial districts. Due to its strong connectivity to other areas of Lagos, the area is a great choice for both people and businesses. Lekki Peninsula 2 is easily accessible from the busy Victoria Island and other significant destinations via the Lekki-Epe Expressway, which also connects to Lagos’s key business areas.

Residential Haven:

The masterfully built residential complexes on Lekki Peninsula 2 are one of its distinctive features. The area is home to a wide variety of housing options, including opulent townhomes, flats, and villas as well as guarded estates. With modern sewage systems, dependable energy, and well-paved roads, residents enjoy a good standard of living.

The neighborhood is given a touch of natural beauty by the rich vegetation that surrounds numerous residential areas. Families can unwind and kids can play in parks and gardens that are regularly kept up. In order to provide residents with a safe and secure environment, many housing estates in Lekki Peninsula 2 also provide 24/7 security.

Commercial and entertainment opportunity

Lekki Peninsula 2 is a booming center for commerce and leisure in addition to being a residential paradise. Shopping malls, eateries, banks, and healthcare institutions are just a few of the many establishments that the neighborhood is home to. Everything is conveniently close by, whether you’re in the mood for a casual meal, a shopping excursion, or medical attention.

Lekki Peninsula 2 won’t let people who enjoy entertainment and nightlife down. There are several bars, clubs, and entertainment venues in the area where you may unwind after a long day. There is something for everyone, whether you like a quiet lounge or an energetic nightlife.

Beautiful beaches

Due to its proximity to the Atlantic Ocean, Lekki Peninsula 2 is endowed with lovely beaches. A quick drive will take people to Tarkwa Bay and Elegushi Beach, which provide the ideal get-away from the city’s congestion. These beaches are well-known for their beautiful sunsets, water sports, and golden sands.

Community Spirit

The core of Lekki Peninsula 2 is community. For numerous cultural and social activities, locals frequently get together, building a sense of community and belonging. Newcomers can easily settle in and grow to feel like a member of the neighborhood because to its inviting atmosphere.

Conclusion

Lekki Peninsula 2 is more than simply a neighborhood; it’s a place that provides a high standard of living, commercial opportunities, and a thriving sense of community. It is a true piece of heaven in Lagos due to its combination of contemporary conveniences, lovely residential areas, and breathtaking natural beauty. Lekki Peninsula 2 is unquestionably a standout option in Lagos, whether you’re looking for a new place to call home or a thriving business environment.

 Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

Website: https://deshnautilus.com.ng

Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623 

Factors to consider when choosing a home in Lagos, Nigeria.

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Choosing a property in Lagos, Nigeria, can be an exciting yet challenging endeavor due to the city’s diverse real estate market, various neighborhoods, and factors like budget, location, and property type. Here are some steps to help you make an informed decision:

  • Your Budget:
  • Determine your budget for purchasing a property in Lagos. Consider factors like down payment, ongoing mortgage payments, and additional costs like taxes and maintenance.
  • Define Your Goals:
  • Clarify your objectives for buying the property. Are you looking for a primary residence, an investment property, or a vacation home? This will influence your decision-making process.
  • Location:
  • Research different neighborhoods in Lagos to find the one that suits your lifestyle and needs. Consider proximity to work, schools, transportation, and amenitie
  • Property Type:
  • Decide on the type of property you want, such as apartments, detached houses, townhouses, or commercial properties.
  • Property Condition:
  • Assess the condition of the property. Decide whether you want a new construction, a resale, or a fixer-upper.

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  • Legal Considerations:
  • Ensure that the property has a valid title deed and that there are no encumbrances or legal disputes.
  • Financing:
  • Explore your financing options, including mortgages, if needed. Compare interest rates and loan terms from different banks or financial institutions.
  • Work with a Real Estate Agent:
  • Engage the services of a professional real estate agent who has local knowledge and experience in Lagos.
  • Inspect the Property:
  • Visit the property in person and inspect it thoroughly.
  • Negotiate and Make an Offer:
  • Once you find a property you like, negotiate the price with the seller or their representative.
  • Closing Process:
  • Once your offer is accepted, the closing process begins. This involves completing all necessary paperwork, inspections, and finalizing the financing.

Key similarities between properties in Lekki and Ajah

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Popular areas in the Nigerian state of Lagos include Lekki and Ajah. In terms of the kinds of properties that are accessible and the lifestyles they offer, they are similar in certain ways. Here are some parallels you may notice:

1. Residential Mix: Apartments, townhomes, and detached homes are among the residential properties available in Lekki and Ajah. There are numerous housing alternatives available to accommodate diverse preferences and budgets.

2. Gated Community: Both locations are renowned for their gated communities and estates, which provide residents with a feeling of security and exclusivity.

3. Real Estate Development: Lekki and Ajah have undergone major real estate development in recent years, resulting in the building of contemporary and well-designed properties.

4. Amenities: Both neighbourhoods are home to a range of amenities, including supermarkets, restaurants, retail centres, hospitals, schools, and recreation centres. Because of this, they appeal to people and families looking for convenience.

5. Proximity to the beach: Lekki and Ajah are both quite close to the Atlantic Ocean’s coastline, allowing locals to take advantage of the beach and waterfront vistas.

6. Infrastructure: Both regions have experienced changes to their infrastructure, notably their road networks, which have enhanced accessibility and made commuting easier.

7. Investment Opportunity: Due to their potential for expansion and rising property values, Lekki and Ajah are regarded as excellent places for real estate investment.

8. Expatriate Communities: Due to the area’s high standard of living, amenities, and employment prospects, there is a rising expatriate population in both neighbourhoods.

9. Entertainment and Leisure: Lekki and Ajah are vibrant areas for nightlife and leisure because they provide a variety of entertainment alternatives, including theatres, pubs, clubs, and recreational facilities.

10. Lekki Free Trade Zone proximity: Both areas are quite close to the Lekki Free Trade Zone, which has drawn investors and enterprises and may result in job possibilities for locals.

Reasons to purchase estate apartment in Lekki/Ajah, Lagos Nigeria

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The following are some arguments in favour of buying estate homes in Lekki and Ajah:

1. Prime Location: Lekki and Ajah have outstanding sites in Lagos due to their proximity to the Atlantic Ocean, excellent road systems, and ease of access to facilities. Because of this, they are desirable for both home and business uses.

2. Infrastructure Improvements: These locations have had substantial infrastructure improvements, including the building of better roads, bridges, and drainage systems, which have increased accessibility and decreased traffic congestion.

3. Rapid urbanisation: Lekki and Ajah aren’t an exception to Lagos’ general rapid urbanisation. As more individuals relocate to these locations, this may eventually result in an increase in property values.

4. Security: Some gated communities in Lekki and Ajah have made investments in private security systems, giving residents a greater sense of security and comfort.

5. Real estate appreciation: In the past, real estate in these places has exhibited a propensity to increase in value over time, making it possible that these properties could make profitable investments.

6. Amenities and Facilities:  Lekki and Ajah provide access to a range of services and facilities, including shopping malls, schools, medical facilities, and recreational sites.

7. Serene Environment: Lekki and Ajah provide a somewhat serene and quieter environment in comparison to the hubbub of central Lagos, which is appealing to many people.

8. Housing alternatives: These neighbourhoods provide a variety of housing alternatives, from opulent estates to more reasonably priced apartments, to suit a wide range of preferences and budgets.

9. Potential Rental Income: Lekki and Ajah might be profitable regions to invest in real estate if you don’t intend to live there yourself. This is because there is a high demand for rental homes in these neighbourhoods due to the influx of foreigners and young professionals.

10. Future Development Prospects: Lekki and Ajah continue to flourish, with new investments and projects popping up all the time. This shows that there may be room for further expansion and increase in real estate values.

Ten Steps to buying a property:

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The method of purchasing a home is one that requires a number of stages and considerable thought. The following ten steps will help you navigate the home-buying process:

1.  Establish a Budget: Examine your financial condition, taking into account your earnings, spending, and savings.

To find out how much money you can borrow, think about being pre-approved for a mortgage.

2.  Define Your Priorities:

  • Determine your must-haves and nice-to-haves in a home, such as location, size, style, and amenities.

3. Search for a Real Estate Agent:

Employ a trustworthy real estate agent with local knowledge to help you with your quest.

4. View Potential Residences: Plan visits to the homes you’re interested in so you can see them in person and evaluate their condition.

5. Make a Proposal:

Make a competitive offer on the property you want to buy by working with your agent. This offer must specify the purchase price, any conditions, and a deadline.

6. Discuss the Offer: Be ready to haggle with the seller about the details of the sale, such as the purchase price, any necessary repairs, and the closing date.

7. Performing Inspections: Employ a home inspector to carefully evaluate the property and look for any problems or repairs that are required.You can request repairs or renegotiate with the seller based on the inspection’s findings.

8. Dependable financing:

Complete your mortgage application and get your lender to commit to the loan.Examine the loan agreements and conditions thoroughly.

9. Closing: To arrange the closing, work with your real estate agent, the lender, and the seller.

Keep in mind that every real estate transaction is different, and your particular circumstances and location may necessitate additional processes or other changes. To achieve a successful and efficient home-buying process, close collaboration with specialists like real estate agents, lenders, and attorneys is vital.

Guide to buying a property in Lekki and Ajah, Lagos, Nigeria

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Lekki has developed into a significant and reputable business center and residential district of Lagos State, making the region crucial to Nigeria’s real estate market. Purchasing land in Lekki Lagos offers as a feasible and alternative business for those looking to invest in real estate in Lagos, in addition to functioning as the dwelling for those purchasing properties in this neighborhood.

Investing in a home in Lekki pays off handsomely for the owners in rent. Lekki is one of the biggest areas in Lagos State and has a variety of undeveloped properties. In addition, there are a lot of developed and under construction properties in Lekki that are being advertised and sold to potential customers.

Lekki is considered one of the best neighborhoods in Lagos State to purchase land due to the area’s rapid development and the favorable financial returns it provides to real estate investors. A potential investor can focus on quickly developing neighborhoods like Chevron, Ikate, Thomas Estate, Ajah, Lekki Phase 2, V.G.C, Ikota, and other suburbs within the Lekki Peninsula to purchase a property in Lekki.

However, the majority of the lands in the Lekki axis are subject to one form of government acquisition or another; while some may be released through excision, which is followed by gazetting and perfecting, those subject to committed government acquisition may never be released at all, necessitating the need for every prospective buyer to exercise caution before buying any property in the Lekki area.

Proper research and suitable inspections must be performed before purchasing a home or piece of property in Lekki. After the proposed property to be purchased has been properly confirmed, the necessary paperwork must be created to prove the parties’ agreement and transfer title.

CAVEAT

1. Always investigate properly before investing to avoid being scammed

2. Always engage the service of a property lawyer for advice and to be involved in every stage of the transaction.

3. For Land Sponsorship we will advise you never invest without meeting the families or head of the community that own the land.

4. For Land banking always buy land with good prospect and secure your land title document without delay.

5. For Joint Venture always have good agreement with land owner before investing your money.

Why Ajah is a good location to purchase a property

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Ajah, a fast growing neighborhood in Lagos, Nigeria, has recently grown in popularity as a place to invest in real estate. Here are a few explanations as to why Ajah is a wonderful spot to buy property:

1. Affordability: Ajah’s property prices tend to be more reasonable when compared to those in central and established parts of Lagos. Due to this, it is a desirable choice for people and investors seeking a cost-effective way to enter the Lagos real estate market.

2. Development: Ajah has seen major infrastructure improvement, including enhanced road networks, drainage systems, and public facilities. The government’s emphasis on enhancing infrastructure has aided in the region’s development and potential for real estate appreciation.

3. Proximity to Lekki:  Ajah is close to Lekki, a neighborhood renowned for its luxury amenities and way of life. The advantages of Lekki’s entertainment, shopping, and dining alternatives are available to Ajah residents without the high cost of living in Lekki itself.

4. Commercial and business opportunities: There have been more commercial and business operations in the area, bringing in both domestic and foreign businesses. This may boost the demand for real estate and generate employment possibilities.

5. Rising Property Values: Ajah’s real estate market has been experiencing consistently rising demand, which has resulted in rising property values. Smart investors might see the region’s potential for long-term capital growth.

6. Proximity to Beaches: Residents of Ajah have access to a number of stunning beaches along the Atlantic Ocean, which offers options for recreation and relaxation.

7. Transportation: Ajah’s location offers relatively easy access to other parts of Lagos via the Lekki-Epe Expressway and the proposed Lagos light rail project. This can reduce commuting times and improve connectivity.

8. Shopping and recreation: Ajah is a handy city to reside because there are markets, shopping malls, and entertainment alternatives there.

Property market in Lagos Island

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Lagos Island, specifically areas like Victoria Island and Ikoyi, is known for its upscale and premium property market. Here are some key points about the property market in Lagos Island:

1. Luxury Properties: Lagos Island is home to some of the most luxurious properties in Nigeria. High-end apartments, penthouses, and mansions with state-of-the-art amenities are prevalent in areas like Banana Island and Victoria Island.

2. Expatriate-Friendly: Many expatriates and multinational companies have a presence in Lagos Island, driving demand for upscale rental properties. As a result, you’ll find a significant number of furnished apartments and serviced residences.

3. Commercial Hub: Lagos Island is not only a residential area but also a thriving commercial and business hub. This mix of residential and commercial properties adds to the diversity of the real estate market.

4. Gated Communities: Gated communities with security features are common in Lagos Island, providing a sense of exclusivity and safety for residents.

5. Property Values: Property values in Lagos Island are generally higher compared to other parts of Lagos due to the prime location and the amenities offered.

6. Investment Opportunities: Investors often target Lagos Island due to its potential for high returns on investment, especially in the rental market.

7. Infrastructure Development: The Lagos State government continues to invest in infrastructure development on the island, which enhances property values and the overall quality of life.

8. Challenges: Traffic congestion, high cost of living, and occasional flooding during the rainy season are some challenges residents and property owners may face in Lagos Island.

It’s crucial to work with reputable real estate agents or consult property experts when considering investments or purchasing property in Lagos Island due to the complexity and competitiveness of this market.