In 2023, Tolu, a young banker in Lagos, stumbled upon a property investment opportunity that many around her waved off as “too risky” — an off-plan apartment in the up-and-coming Ogudu GRA, Lagos area.
At the time, the developer/builder was just clearing the land. No walls, no windows, just promises on paper. The 2-bedroom unit was selling for ₦35 million. Tolu took a deep breath, did her due diligence (very important!), confirmed the developer’s credibility, and decided to buy.
Fast-forward to 2025 — just two years later — the estate was fully built, occupied, and highly sought-after. The same 2-bedroom apartment she bought off-plan for ₦35 million was now worth ₦95 million!
That’s over 200% appreciation — simply by believing early and investing smartly.
Why Off-Plan Purchase Works (If You Play It Right)
- Lower Entry Price: You’re buying at today’s price, not tomorrow’s inflated value.
- Flexible Payment Plans: Many developers allow you to spread payments over 6–24 months, easing financial pressure.
- Massive Appreciation Potential: By the time the project is completed, you could easily sell or rent at a much higher price.
- Customisation: Buying early often gives you a say in fittings, designs, and sometimes even layouts.
How to Use Off-Plan to Your Advantage
- Vet the Developer Thoroughly: Check their past projects, timelines, and delivery quality.
- Review Legal Documents: Ensure the land title is clean — preferably a C of O, Governor’s Consent, etc.
- Understand the Payment Structure: Look for fair, manageable plans that fit your budget.
- Think Long-Term: Off-plan is not for “urgent” living needs; it’s a wealth-building strategy.
- Have a Clear Exit Strategy: Will you resell, rent, or move in?
Bottom Line:
Off-plan purchase in Nigeria isn’t just a gamble — it’s a smart investment tool when used wisely. It’s how ordinary people like Tolu grow wealth quietly while others are still waiting for “the perfect time.”
Ready to find off-plan properties with real potential?
Don’t just dream — act!
Send a message today to get access to verified off-plan deals with maximum growth opportunities.
