You found a house for ₦50M, you saved ₦50M, and you are ready to pay. Wait—you might be short by a few million. Buying property in Nigeria involves several statutory and professional fees that are rarely advertised.
Legal and Agency Fees
Typically, you will pay a legal fee (about 5% of the property value) to the lawyer who prepares the Deed of Assignment. If you used an agent, an agency fee of 5% is also standard.
Survey and Documentation Fees
You must pay for a registered survey plan in your name, which can range from ₦300,000 to over ₦1M depending on the location. There is also a documentation fee charged by developers to process your title transfers.
Service Charges
If buying into a serviced estate like Glory City, be prepared for an annual service charge that covers security, waste disposal, and estate maintenance.
The Pneuma Advantage
We believe in absolute transparency. When you inquire about our properties, we provide a comprehensive breakdown of all associated costs so you can budget accurately from day one.
