Residential Houses

When purchasing a house in Nigeria, you should expect to receive several essential documents including: Certificate of Occupancy (C of O) or Governor's Consent, Deed of Assignment, Survey Plan, Building Plan Approval, Tax Clearance Certificate, and Receipt of Purchase. At Herpavilion Estates, we ensure all our properties come with complete and verified documentation to secure your investment.

Yes, Herpavilion Estates works with several reputable financial institutions to provide mortgage options for our clients. We can connect you with banks offering competitive mortgage rates and flexible payment terms. Additionally, we offer our own in-house payment plans with initial deposits from 30-50% and the balance spread over 6-36 months, depending on the property and your financial situation.

Beyond the purchase price, additional costs typically include: legal fees (5-10% of the property value), stamp duty (1.5% of the property value), registration fees (varies by state), agency fees (usually 5% of property value), and in some cases, development levies for properties in estates. At Herpavilion Estates, we provide a transparent breakdown of all costs involved in your house purchase to avoid surprises.

The timeline for purchasing a house in Nigeria typically ranges from 1-3 months, depending on various factors including property type, location, documentation status, and payment method. For ready-built houses with complete documentation, the process can be completed in as little as 30 days. For houses under construction or those requiring extensive documentation processing, it may take 2-3 months. At Herpavilion Estates, we work diligently to expedite the process while ensuring all legal requirements are properly addressed.

Yes, foreigners can buy houses in Nigeria, but there are specific regulations to follow. Foreigners are not eligible to receive a Certificate of Occupancy (C of O) directly but can obtain long-term leases (typically 25-50 years) that are renewable. The purchase must be made through a registered Nigerian company if the foreigner wants full ownership rights. At Herpavilion Estates, we have experience assisting foreign clients with property acquisitions and can guide you through the specific legal requirements.

In Nigeria, properties in prime urban areas like Lagos, Abuja, and Port Harcourt typically offer the best investment returns. Specifically, mid-range to luxury residential properties in developing but well-planned areas often appreciate significantly. Family-sized homes (3-4 bedrooms) and duplexes in gated communities with good infrastructure tend to maintain strong rental yields and capital appreciation. At Herpavilion Estates, we can provide investment advisory services to help you identify properties with the highest potential returns based on your investment goals.