ABOUT

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F.A.Q

What is the current state of the real estate market of Nigeria?

The real estate market in Nigeria is a dynamic sector with a mix of challenges and opportunities. It is one of the fastest-growing sectors in the country, driven by rapid urbanization, a growing middle class, and increased foreign investment. 

Rapid Urbanization: Cities like Lagos, Abuja, and Port Harcourt are experiencing significant population growth, driving demand for housing and commercial spaces.   

Growing Middle Class: The expanding middle class is fueling demand for quality housing and modern amenities.   

Foreign Investment: Increased foreign investment is contributing to the development of high-end properties and commercial complexes.  

Technological Advancements: Proptech solutions are improving efficiency and transparency in the market.   




What is a C of O ?

C of O stands for Certificate of Occupancy. It is a legal document issued by the government in Nigeria that certifies a person or organization as the legal owner of a piece of land or property.  

Key Points:

  • Proof of Ownership: The C of O is the primary legal document that proves ownership of land or property in Nigeria.
  • Issued by State Governments: Each state government in Nigeria has its own land registry responsible for issuing C of Os.
  • Land Use Act: The Land Use Act of 1978 governs land ownership in Nigeria and requires a C of O for legal ownership.
 





What is Land Survey

Land surveying is the science and practice of accurately measuring and recording the three-dimensional features of a specific area of land. This includes measuring distances, angles, elevations, and property boundaries.

Purpose:

  • To determine the exact boundaries of a property.   

  • To measure the size and shape of a piece of land.   

  • To create accurate maps and plans of the land.   

  • To establish elevations and contours for planning and construction purposes.
  • To identify potential hazards or obstacles on the land.   

Importance:

  • Real Estate Transactions: Essential for determining property value and ensuring accurate legal descriptions.   

  • Construction: Provides accurate information for planning and building on the land.   

  • Land Management: Helps in managing and maintaining land resources effectively.   

  • Legal Disputes: Resolves boundary disputes and legal issues related to land ownership.   






Why is land inspection important ?

  • A thorough inspection can help determine the fair market value of the land by considering factors like location, size, topography, and potential development opportunities.   

  • Investment Potential: Understanding the land's potential for development or investment is crucial. An inspection can help assess its suitability for various uses and identify potential challenges or opportunities

  • Purchasing Decisions: Land inspections provide essential information to make informed decisions about purchasing land. You can avoid potential pitfalls and ensure you're investing in a property that meets your needs.   


  • Development Planning: If you plan to develop the land, an inspection can help you identify the necessary infrastructure, permits, and potential costs associated with the project.


     

 "I was initially hesitant about buying a property in Asaba, but Fabinacci Realty completely changed my perspective. They patiently listened to my needs and preferences, and presented me with a range of options that perfectly matched my budget and lifestyle. Their expertise in navigating the complex LagosAsaba real estate market was invaluable. From property viewing to closing the deal, they were with me every step of the way, making the entire process smooth and stress-free. I'm truly grateful for their exceptional service." 

Amara Ubachukwu: Surgeon | Public Speaker ( UK )
     

 "I needed to sell a large plot of land in Adasba ( Delta State ) quickly. Fabinacci Realty's marketing strategy was spot on. They attracted potential buyers, negotiated effectively, and ensured a swift and profitable sale. I was impressed by their efficiency and expertise." 

Gabriel Egbuogu: Business Consultant
     

 "I'm a frequent investor in the Asaba real estate market. Fabinacci Realty has been my go-to agency for years. They've helped me identify lucrative investment opportunities, negotiate favorable deals, and manage my property portfolio. Their in-depth market knowledge and strong network of contacts have been instrumental in my success." 

Mr Humphrey Amulu: Senior Consultant on Heath ( UK )