House for Sale with Installment Payment in Lagos

House for Sale with Installment Payment in Lagos

In the vibrant city of Lagos, where real estate investment opportunities abound, the pursuit of homeownership has become both a dream and a financial challenge for many. As the Nigerian economy grapples with rising inflation and economic uncertainties, the need for innovative solutions to acquire affordable housing has never been more critical.

As a revolutionary real estate brokerage, Bestate Investment explores installment payment plans as a practical solution for prospective homeowners through this article. We shall delve into the benefits of investing in houses with installment payments, important considerations before making a real estate investment, and a curated listing of houses for sale with installment payment in Lagos. Whether you’re a seasoned investor or a first-time homebuyer, this article is your comprehensive guide to navigating Lagos’s real estate ecosystem.


State of the Nigerian Economy: Rising Inflation and the Need for Investments

In recent years, the Nigerian economy has faced its fair share of challenges, with one of the most pressing being the persistent rise in inflation. This economic phenomenon has had a profound impact on the purchasing power and cash flow of individuals and families across the country. As the cost of living continues to escalate, the dream of owning a home in Lagos can seem like an unattainable goal for many.

The inflationary pressure, occasioned by the country’s poor economy, has eroded the value of the Naira, making it increasingly difficult for average Nigerians to afford basic necessities, let alone high-value investments like real estate. This dire economic situation has underscored the importance of finding investment avenues that can help individuals safeguard their finances and secure a brighter future.


Rising Cost of Real Estate in Lagos

In Lagos, the dream of owning a house is further complicated by the soaring cost of real estate. Gone are the days when building a home was a relatively affordable endeavor. Today, prospective homeowners are confronted with staggering price tags that seem to have no ceiling.

One of the primary drivers behind the rising cost of houses in Lagos is the hike in building materials. Historically, Nigeria has been a net importer of construction materials, and as such, changes in the foreign exchange rate have a direct impact on these costs. With the persistent depreciation of the Naira against major foreign currencies and the accompanying inflationary pressures, the costs of materials needed to construct or renovate homes have skyrocketed.

As the prices of cement, steel, roofing materials, and other essential components continue to climb, developers have no choice but to pass these elevated costs on to the final price of the houses. The end result? A real estate market where the average citizen finds it increasingly challenging to purchase a home outright.


Installment Plans as a Solution to Affordable Housing

Amidst the challenges posed by a turbulent economy and soaring property prices, installment payment plans emerge as a beacon of hope for aspiring homeowners. These plans offer a lifeline, making the dream of owning a house in Lagos a reality for many.

Installment payment plans provide a pragmatic approach to property acquisition, allowing buyers to spread the financial burden over a period of time. This approach not only cushions the immediate cost but also aligns with the financial capabilities of potential homeowners.

The appeal of installment plans extends to their flexibility. Buyers can choose from a variety of payment schedules, making it possible to fit the payments comfortably into their budget. Whether it’s a monthly, quarterly, or yearly installment, the goal remains the same: to make owning a home in Lagos achievable without compromising financial stability.


Benefits of Investing in Houses with Installment Payments

Investing in houses with installment payment options offers a multitude of advantages for both seasoned investors and first-time homebuyers. These benefits make this approach an attractive and financially prudent choice for investors. Here are some benefits of investing in houses with installment payments:


  • Affordability and Financial Flexibility

One of the most significant advantages of opting for installment payments when investing in a house is the enhanced affordability. Buyers can acquire their dream property without the burden of making a lump-sum payment upfront.

The flexibility of installment plans allows buyers to structure payments in a way that aligns with their financial capabilities. Whether it’s monthly, quarterly, or yearly installments, these plans provide breathing room in your budget.

  • Reduced Financial Stress

Traditional property purchases often require substantial down payments, which can strain finances. Installment payments alleviate this stress by spreading the cost over an extended period. This reduction in immediate financial pressure empowers buyers to maintain a stable and comfortable lifestyle while investing in real estate

  • Potential for Capital Appreciation

Real estate has historically shown the potential for capital appreciation. Investing in a property through installment payments allows buyers to benefit from any increase in property value during the payment period. This means that your initial investment could grow in value even before you complete your payment plan, potentially resulting in significant returns.

  • Diversification of Investment Portfolio

Real estate investments diversify your portfolio, reducing overall risk. Investing in houses through installment payments can be an excellent way to diversify beyond traditional investments like stocks and bonds. Real estate often exhibits lower volatility compared to other investment types, offering a level of stability even in uncertain economic times.

  • Access to Desirable Locations

The installment payment approach opens doors to owning property in prime locations that might have been financially out of reach otherwise. This enables buyers to secure homes in areas with promising growth potential and attractive amenities.


What to Look Out for Before Investing in an Off-plan Development

While off-plan investments can be lucrative, they require careful consideration. Before diving into such an endeavor, there are essential factors to weigh:

  1. Location: The importance of location in real estate cannot be overstated. Research the neighborhood’s growth potential, proximity to amenities, and overall desirability.
  2. Developer Reputation: Investigate the developer’s history, including completed projects and customer reviews. A reputable developer is more likely to deliver on promises.

iii. Legal Documentation: Ensure all legal documentation, including land titles and building permits, is in order. Consult with legal experts if needed.

  1. Payment Structure: Review the installment plan terms, including interest rates and penalties for default. Understand your financial commitment thoroughly.
  2. Construction Timeline: Seek clarity on the expected completion date and any potential delays. Delays can affect your finances and living arrangements.


Houses for Sale with Installment Payment in Lagos

Now, let’s embark on a guided tour through a carefully curated selection of houses that offer the opportunity for homeownership through flexible installment payment plans. These properties span a range of luxurious designs and locations across Lagos, each promising a unique and rewarding investment journey.

Whether you’re seeking a modern smart home in an upscale environment, a solar-powered residence with state-of-the-art amenities, or a luxurious retreat with captivating features, our listings have been thoughtfully chosen to cater to diverse preferences.


  1. Paragon Terraces & Duplexes (Inside Meridian Boulevard Estate, Okun-Ajah)

Welcome to the exclusive world of Paragon Terraces & Duplexes, nestled within the prestigious Meridian Boulevard Estate in Okun-Ajah. These exquisitely designed duplexes and terraces redefine modern living with their smart home features and superior architectural designs. Immerse yourself in the real essence of home where every detail has been carefully crafted for your comfort.

Location: These properties are located inside Meridian Boulevard Estate, Okun Ajah, quite close to Abraham Adesanya. The area offers a family-friendly neighborhood within the upscale environment of the Fairmont Garden Scheme, Lekki-Scheme 2 Axis.

Title: Government Allocation / C of O

Features: These homes are equipped with cutting-edge features, including automated doors, an advanced home network, top-tier security systems, distributed audio, remote access, lighting control, and the assurance of 24-hour power supply.

Payment Plan: Enjoy the flexibility of a 20% initial deposit and spread your payments over up to 12 months.

Neighborhood: Paragon Terraces & Duplexes are conveniently located near prominent areas such as Abraham Adesanya Estate, Mobil Estate, Atican Beach, and Miami Beach.

Available Units:

2 Bedroom Terrace +BQ – 60M

3 Bedroom Terrace +BQ – 71M

3 Bedroom Semi-Detached Duplex +BQ – 81M

4 Bedroom Semi-Detached +BQ – 93.5m

4 Bedroom Fully-Detached + BQ – 115m

Plot Sizes: 300 sqms & 500 sqms

Outright Payment (0-3months)

500 sqms- 60M

300 sqms – 36M


  1. Citadel Views 1.0 Phase 2

Citadel Views 1.0 Phase 2 offers a unique opportunity to experience contemporary living powered by solar energy. These thoughtfully designed homes come complete with state-of-the-art amenities, making them perfect for personal use or investment purposes.

Location: Situated in Abraham Adesanya, Ajah, right behind Lagos Business School, this estate enjoys a prime location in the heart of the city.

Features: Enjoy 24-hour electricity, a secure environment, spacious rooms with ensuite bathrooms, a dining area, CCTV cameras, walk-in closets, walk-in showers, balconies, inverters, a gym, swimming pools, and built-in speakers.

Payment Plan: Secure your place with a 30% initial deposit and take advantage of payment plans extending up to 12 months.

Available Units:

1 Bedroom Apartment – N40m

2 Bedroom Apartment – N49.9m

2 Bedroom Terrace + BQ – N59.5M

3 Bedroom Terrace – N62.9M


  1. Montengo Bay, Ikate Lagos

Montengo Bay in Ikate, Lagos, is a luxurious property designed for those who appreciate the finer things in life. Dive into a world of leisure with amenities that include a sparkling swimming pool, a well-equipped gym, a fitted kitchen, ensuite rooms, water supply, water heaters, POP ceilings, inbuilt speakers, walk-in closets, jacuzzis, ample parking space, 24/7 power supply, advanced security systems, a fence and gatehouse, street lights, and a tarred estate road network.

Payment Plan: Begin your journey with a 20% initial deposit, and enjoy flexible payment options spanning up to 5 years.

Available Units

3 Bedroom Apartment – N82.1m

3 Bedroom Maisonette Duplex – N96m

4 Bedroom Apartment – N114.5m

4 Bedroom Townhouse Terrace – 153.6m

4 Bedroom Corner Piece – N169.5m

4 Bedroom Semi Detached – N177.8m


  1. The Camberwall Advantage 5 Annex, Off-Freedom Way Lekki

Camberwall Advantage 5 Annex, an extension of the prestigious Camberwell series, offers deluxe 2 Bedroom Apartments and 3 Bedroom Penthouses, each inclusive of a BQ. These homes are designed to provide utmost comfort and luxury for those with discerning tastes.

Located off Freedom Way in Lekki, this project boasts lifestyle-enhancing features and proximity to a vibrant neighborhood. A clubhouse with a gym, spa, and swimming pool is part of the offering, making it the perfect place to relax and unwind after a long day.

Payment Plan:

Secure your spot with a 10% initial deposit and take advantage of payment plans extending up to 18 months.

Available Units

2 Bedroom apartments + BQ – 90M

3 Bedroom penthouses + BQ – 140M


  1. De-Avocado Smart And Luxury Homes 2.0 Abijo (Inside Chois Garden Estate)

De Avocado Smart & Luxury Homes 2.0, developed by Landmark Corporate Realty Ltd, is a masterpiece of state-of-the-art finishing. This project is the perfect blend of luxury and superb designs, ensuring that you receive exceptional value for your investment.

Located within the serene and accessible environs of Chois Garden Estate in Abijo, these properties offer an impeccable blend of class and style.

Payment Plan: Begin your journey with a 10% initial deposit and enjoy flexible payment options spanning up to 24 months.

Available Units

1 Bedroom Apartment – 38.5m

2 Bedrooms Apartment – 48.5m

3 Bedrooms Apartment – 53.5m

Outright payments (0-6months)

Other charges:

Survey – 500k

Legal documentation – 250k

Developmental fee – 3.5m


These exquisite properties in Lagos offer a world of possibilities, from modern smart homes to luxurious estates. Enjoy the finest living experiences Lagos has to offer, whether you seek an investment opportunity or the home of your dreams. Each property boasts unique features and benefits that cater to your lifestyle and preferences.


Final Words

The real estate sector in Lagos is always evolving. Be that as it is, the pursuit of affordable homeownership and sound investments in an economy bedeviled by economic fluctuations and rising inflation is a journey filled with both challenges and opportunities. However, installment payment plans, from affordability to potential capital appreciation, offer a host of advantages to fulfill your dream of owning a home in Lagos.

At Bestate Investment, we are all about affordability, trust and flexibility. We encourage you to seize the opportunities presented by these listed properties and get started on your way to owning a house in Lagos and growing your investment portfolio. Explore the properties on our website, make informed choices, and start building your future. Don’t forget, we are always available to answer any questions or concerns you might have.






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