Off-plan property for sale in Abuja, Lagos, & across Nigeria
Find the latest off-plan property for sale in Abuja, Lagos, and across Nigeria. Browse our property listing to find off-plan houses for sale, off-plan duplexes for sale, off-plan terraces for sale, off-plan flats for sale, off-plan apartments for sale, off-plan estate plots for sale, etc. We make it easy to invest in Off-plan property in Nigeria that offers good investment returns by seasoned property developers with good track records.
23 properties found
Spacious 5 bedroom terrace at Genesis estate
This spacious and beautifully designed 5 bedroom terrace duplex is located in Genesis estate Gaduwa. The estate promises to deliver top notch finishing and state […]
5 bedroom detached duplex with a room boy’s quarters
This spacious 5 bedroom detached duplex is located in a nice, serene, secured and accessible estate with good roads. The project is offered at a […]
Spacious 3 bedroom flat with a room boy’s quarters
This solidly built and spacious 3 bedroom flat with a room Bq is located in a nice, serene, secured and accessible estate with good roads. […]
Spacious & solidly built 4 bedroom terrace duplex
This solidly built and spacious 4 bedroom terrace duplex on a single floor is located in a nice, serene, secured and accessible estate with good […]
Spacious & solidly built 4 bedroom detached duplex
This solidly built and spacious 4 bedroom detached duplex on a single floor is located in a nice, serene, secured and accessible estate with good […]
5 bedroom detached duplex with a room boy’s quarters
This solidly built and spacious house is located in a nice, serene, secured and accessible estate with good roads. The project is offered at a […]
Hutu Abuja, First Africa Polo Golf Resort Estate
Hutu Abuja emerges as a groundbreaking development, proudly holding the title of Africa’s first polo and golf resort estate. This prestigious estate redefines luxury living […]
Modern 2 bedroom apartment & Bq with swimming pool, etc
Introducing the stunning modern 3 bedroom apartment designed for contemporary living with unparalleled convenience and luxury. Currently under construction, this exceptional residence promises a lifestyle […]
What is an off-plan property?
Off-plan properties are usually a few units in a residential or commercial real estate development project set aside by the developer to be sold at discounted prices before the actual construction commences or in the early stages of the construction in order to raise funds for the project. Because these sales are made early on in the life cycle of the project, the project developers often offer buyers good discounts, incentives and ample time to spread their payment during the delivery time-frame of the project.
Benefits of buying an off-plan property
Investing in off-plan property has it benefits and these benefits may vary from developer to developer depending on the scale of the project and conditions of the market at the time.
Good price offers
Developers often give good price discounts at the early stages of real estate development projects in order to kick start and promote the project, which makes the properties often less expensive to buy than existing homes with similar features within the same location. Often, properties that are sold within the first phase of development are more affordable than those sold in the later stages when the project has advanced and nearing completion.
Flexible payment options
Buying off-plan property offers the buyer or investor the luxury of spreading the total payment for the property across the development time-frame of the project which is usually between 6 to 18 months depending on the scale of the project. In this way, the buyer can break the total amount for the property into multiple installments and make payments at various milestones of the project or agreed upon times.
Good return on investment
Off-plan property offers good return on investment as the value of the property variably appreciates as the project advances and gets completed bearing that the developer sold the off-plan units at discounted prices in comparison to similar finished properties with similar specifications in the same area.
Design personalization
Off-plan properties offer buyers the ability to make their inputs and personalise the property to some degree regarding the finishes and materials used for some aspects of the build. This offers the buyers certain amount of freedom in customizing the internal design and layout of the property to suit their needs.
Risks of buying an off-plan property
Every investment or business possesses its risks, and buying an off-plan property is not different either. In as much as off-plan property has many benefits, below are certain risks associated with off-plan properties buyers and investors should be aware of:
Project abandonment
The biggest risk a buyer may encounter after buying an off-plan property is that, for one reason or another the project may fail to materialize as the developer may abandon the project due to any of the following reasons: dispute on the land, development approval issues from the required authority, run bankrupt, failure to have a succession plan in place in case of death, etc,.
Project delivery delays
Project delivery delay is another risk factor when buying in an off-plan property. Sometimes, this may be the developer’s faults or it may be due to unforeseen circumstances beyond his control. Factors that delay new developments projects may range from lack of funds, administrative permits, natural disasters, site accidents, legal issues, etc.
Sub-standard delivery
Because you do not see the finished property before committing to the investment, it’s common for some developers to deliberately deliver sub-standard projects especially when they run into financial difficulties in the course of the project. It’s important to always check-in on the progress con the construction to see what the developer id doing and make necessary inputs when needed.
Before you commit to any off-plan property development, we advise you
contact us for a free consultation to guide you in making a good investment decision.
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Should I invest in off-plan property?
Absolute yes! We encourage you to invest in off-plan property considering that the benefits are enormous such as owning a brand new home, buying the property at much discounted prices, the ability to personalise the internal design and layout of the property, you’re spared the head ache of doing the administrative work before commencement of the construction, good return on investment when the project is completed, etc.
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Is it cheaper to buy off-plan property?
Buying off-plan property is often cheaper as the project developer sells few units in the project at discounted prices in order to raise funds for the completion and promotion of the project.
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Where to buy off-plan property in Nigeria?
You can explore our website for wide listings of off-plan properties to invest in from credible developers, in Abuja, Lagos and across Nigeria. We ensure to provide exhaustive information on the project to enable you make informed decision in buying an off-plan property in Nigeria.
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What is the payment duration when buying off-plan property?
Another good reason to invest in off-plan property is the payment flexibility. This offers the buyer about 6 months – 18 months to spread the total payment for the property across the development cycle of the project.
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What to ask the developer before buying off-plan property?
It’s important to do extensive research on the developer before committing to an off-plan purchase as this will spare you unnecessary disappointments. When evaluating a potential off-plan developer, investigate the following: 1.Consult a property and legal expert to ensure that the land for the development has no encumbrance and all the required building permits have been granted. 2.Ask to see their past projects and physically visit the various sites to assess their quality assurance. 3.Engage their past buyers to learn from their experiences with the developer. 4.Ask about their financial health and integrity to be reassured that the project won’t get abandoned. 5.Ask the developer about his age and experience in the property development market. 6.Get information about the management and maintenance of the property after completion. Collectively, this information will give you a good idea of whether you can trust a developer to execute an off-plan property development to your expectations.