Off-plan properties have become one of the hottest trends in Nigeria’s real estate market, especially in high-growth areas like Lekki, Ajah, and along the Coastal Highway. For investors and homebuyers, buying off-plan can be one of the smartest ways to secure property at a lower cost, while also enjoying flexible payment options and higher appreciation value. But like every opportunity, there are risks and things to watch out for. This complete guide will walk you through everything you need to know about buying off-plan properties in Nigeria.
WHAT ARE OFF-PLAN PROPERTIES?
An off-plan property is a property that is sold before it is fully constructed. Buyers invest at the early stages of the project, often during the design or foundation phase. This gives them access to lower prices, customized design options, and flexible payment plans.
BENEFITS OF BUYING OFF-PLAN
Here are the top advantages of investing in off-plan properties in Nigeria:
• LOWER PRICES – Early buyers usually enjoy prices significantly lower than completed properties.
• FLEXIBLE PAYMENT PLANS – Developers often allow installment payments spread over the construction timeline.
• APPRECIATION VALUE – As the project progresses, the property value appreciates, offering great ROI for investors.
• CUSTOMIZATION – Buyers may be able to influence finishes, layouts, or upgrades depending on the developer.
RISKS OF BUYING OFF-PLAN
While off-plan properties have benefits, there are risks you should consider:
• PROJECT DELAYS – Some developers fail to deliver on time, causing financial and personal stress.
• POOR DEVELOPERS – Choosing the wrong developer can result in substandard delivery or even project abandonment.
• HIDDEN COSTS – Without proper contracts, additional costs may arise during construction.
HOW TO CHOOSE THE RIGHT DEVELOPER
Your choice of developer is the most important decision when buying off-plan. Look for developers with a strong track record, completed projects, client testimonials, and clear documentation. Verify titles, approvals, and legal papers before making payments.
TIMELINES & PAYMENT PLANS
Most off-plan projects in Nigeria are structured around phased construction. Buyers typically make an initial deposit (e.g., 20–30%), followed by staged payments over 12–36 months. Completion timelines vary, but reputable developers will give you clear schedules and updates.
WHY LEKKI & COASTAL HIGHWAY ARE HOTSPOTS
Lekki and the Lagos Coastal Highway corridor are among the fastest-growing real estate hotspots in Nigeria. Infrastructure upgrades, urban migration, and proximity to business districts make properties in this area highly valuable. Off-plan buyers in Lekki often enjoy higher ROI than other parts of Lagos.
CONCLUSION
Buying off-plan can be one of the smartest real estate investment moves in Nigeria — if done right. Always research the developer, verify documentation, and understand your payment plan before committing. At Legendary Foreshore International Ltd., we combine transparency, timely delivery, and sustainable design in all our projects. Our flagship project, The Genesis, Lekki, is a prime example of a secure, high-value off-plan opportunity.
📩 Contact us today to learn more and secure your place in The Genesis.