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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...

Riveton Developments Headquarters, Opposite Shoprite Novare Mall, Beside Jubaili Bros Generator, Sangotedo, Lagos.

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We are focused on building new Nigerian communities primarily in Lagos and other places all over Nigeria.

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

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

INITIAL DEPOSIT - ₦15,000,000 M

4 Bedroom terrace house +BQ

INITIAL DEPOSIT - ₦20M

Register Interest

INITIAL DEPOSIT - ₦350,000

Other financial Considerations

INITIAL DEPOSIT - ₦10M

INITIAL DEPOSIT - ₦1,500,000

ALL FEES INCLUSIVE

INITIAL DEPOSIT - ₦15,000,000 M

INITIAL DEPOSIT - ₦2.5M

OTHER FINANCIAL CONSIDERATIONS

INITIAL DEPOSIT - ₦20M

INITIAL DEPOSIT - ₦10,000,000 M