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LAGOS VS OTHER NIGERIAN CITIES (PROPERTY COMPARISON)

February 14, 2024by Riveton Homes

INTRODUCTION: The real estate market in Nigeria is dynamic and diverse, offering unique opportunities in various cities. While Lagos real estate  is booming , it remains the economic powerhouse, the spotlight is expanding to include Abuja and Port Harcourt. In this article, we’ll delve into the distinct dynamics of these cities real estate markets, illuminating...

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CommercialLivingReal Estate

NAVIGATING RESIDENTIAL AND COMMERCIAL MARKETS IN NIGERIA

December 1, 2023by Riveton Homes

INTRODUCTION: Investing in real estate is a significant decision that requires careful consideration of various factors, and one of the crucial choices investors face is deciding between residential and commercial properties. In Nigeria, a diverse and dynamic real estate market offers opportunities in both sectors, each with its unique advantages and challenges. This article aims...

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Investing

THE INFLUENCE OF LOCATION ON PROPERTY VALUE

November 15, 2023by Riveton Homes

INTRODUCTION: In Nigeria’s real estate scene, where a property sits can make all the difference. The connection between a property’s location and its value weaves through the varied geography and economic situations across the country.   FACTORS INFLUENCING PROPERTY VALUE   1.PROXIMITY TO ECONOMIC HUBS: Nigeria’s busy cities act as economic powerhouses, and properties near...

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Investing

REAL ESTATE AND TOURISM: UNLOCKING NIGERIA’S HOSPITALITY POTENTIAL

October 18, 2023by Riveton Homes

INTRODUCTION   Nigeria, the giant of Africa, is experiencing a profound transformation at the intersection of entertainment, business, hospitality, real estate, and tourism. This intricate interplay is shaping the nation’s economic landscape and redefining the way people experience Nigeria. In this detailed article, we will explore how the entertainment industry and entrepreneurial ventures are propelling...

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Uncategorized

ROLE OF TECHNOLOGY IN REAL ESTATE

October 10, 2023by Riveton Homes

Nigeria’s real estate sector is a fast growing sector in the country’s economy. In recent years, there has  been a lot of investment which has led to a lot of development in the real estate sector. Technology has emerged as a powerful force, reshaping  traditional  real estate practices and bringing innovation to this vital industry....

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Uncategorized

UNDERSTANDING REAL ESTATE IN NIGERIA

October 10, 2023by Riveton Homes

According to Wikipedia, Nigeria is a West-African country. It covers an area of 923,769 square kilometres (356,669 square miles), and with a population of over 230 million, it is the most populous country in Africa, and the world’s sixth-most populous country. Nigeria is a regional power in Africa and a middle and emerging power in international affairs. Nigeria is often referred to as the Giant of Africa owing to...

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Common Real Estate Terms
Real Estate

Common Real Estate Terms

October 26, 2020by Riveton Homes

Real estate is one of the best investments to get into, it has so many advantages. It provides you with passive income, steady cash flow and it increases in value over time. However, these processes can be difficult to grasp with a lot of terms being thrown around. Having a basic understanding of real estate...

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Real Estate investment opportunities in Nigeria
InvestingReal Estate

Real Estate investment opportunities in Nigeria

September 26, 2020by Riveton Homes

Real estate investment in Nigeria is has proven over time to be a lucrative investment with relatively low variability of returns. With an investment in real estate, you are sure your investments are protected from inflation, guaranteed cash flow, and have a source of passive income. In Nigeria, the real estate market presents diverse opportunities...

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INITIAL DEPOSIT - ₦15,000,000 M
Apartment type
Outright
6 months plan
12 months plan
18 months plan
Studio Apartment
₦30,000,000.00
₦33,000,000.00
₦34,500,000.00
₦36,600,000.00
1 Bedroom
₦50,000,000.00
₦55,000,000.00
₦57,500,000.00
₦60,000,000.00
Standard 2 Bed
₦60,000,000.00
₦66,000,000.00
₦69,000,000.00
₦72,000,000.00
Premium 2 Bed
₦70,000,000.00
₦77,000,000.00
₦80,500,000.00
₦84,000,000.00
4 Bedroom terrace house +BQ
INITIAL DEPOSIT - ₦20M
Plan
Prices
OUTRIGHT
₦85,000,000
0 - 3 MONTHS
₦89,250,000
3 - 6 MONTHS
₦93,500,000
6 - 9 MONTHS
₦97,750,000
Register Interest
INITIAL DEPOSIT - ₦350,000
Duration
300 SQM
600 SQM
OUTRIGHT
₦990,000
₦₦1,900,000
0 - 6 MONTHS
₦1,089,000
₦2,090,000
6 - 12 MONTHS
₦1,237,000
₦2,375,000
Other financial Considerations
1
Development Fee
300 SQM: ₦750,000; 600 SQM: ₦1,500,000
INITIAL DEPOSIT - ₦10M
Duration
1 Bedroom
2 Bedroom
OUTRIGHT
₦35,500,000
₦45,000,000
0 - 3 MONTHS
₦35,500,000
₦45,000,000
3 - 6 MONTHS
₦39,050,000
₦49,500,000
6 - 12 MONTHS
₦40,825,000
₦51,750,000
INITIAL DEPOSIT - ₦1,500,000
Duration
250 SQM
300 SQM
500 SQM
600 SQM
OUTRIGHT
₦4,750,000
₦5,500,000
₦9,500,000
₦11,500,000
0 - 3 MONTHS
₦4,750,000
₦5,500,000
₦9,500,000
₦11,500,000
3 - 6 MONTHS
₦5,225,000
₦6,050,000
₦10,450,000
₦12,650,000
6 - 12 MONTHS
₦5,700,000
₦6,600,000
₦11,400,000
₦13,800,000
ALL FEES INCLUSIVE
INITIAL DEPOSIT - ₦15,000,000 M
Apartment type
Outright
6 months plan
12 months plan
18 months plan
Studio Apartment
₦30,000,000.00
₦33,000,000.00
₦34,500,000.00
₦36,600,000.00
1 Bedroom
₦50,000,000.00
₦55,000,000.00
₦57,500,000.00
₦60,000,000.00
Standard 2 Bed
₦60,000,000.00
₦66,000,000.00
₦69,000,000.00
₦72,000,000.00
Premium 2 Bed
₦70,000,000.00
₦77,000,000.00
₦80,500,000.00
₦84,000,000.00
INITIAL DEPOSIT - ₦2.5M
OTHER FINANCIAL CONSIDERATIONS
INITIAL DEPOSIT - ₦20M
Duration
300 SQM
600 SQM
OUTRIGHT
₦30,600,000
₦61,200,000
0 - 3 MONTHS
₦30,600,000
₦61,200,000
3 - 6 MONTHS
₦32,130,000
₦64,260,000
INITIAL DEPOSIT - ₦10,000,000 M
Apartment type
Outright
3 months plan
Boys Quarter (BQ)
₦19,900,000.00
₦21,392,000.00
Studio Apartment
₦39,900,000.00
₦42,892,500.00
1 Bedroom Apt
₦59,900,000.00
₦64,392,500.00
2 Bedroom Apt
₦69,900,000.00
₦75,142,500.00