Low Income Housing Lagos Nigeria – Free Low Cost Housing Tips

Real Estate Affiliate Program :: Make Money Fast
low income housing lagos nigeria africa

Low income housing Lagos Nigeria - Lagos Nigeria is inhabited by millions of people who are barely able to make a living. For most of these people,
building their own home has yet to cross their mind because they are barely surviving. They have first to survive before thinking of building a home - even if it is a low income housing project.

Free Lagos Nigeria Real Estate Investing Ebook

This section provides free tips to get low cost housing in Lagos Nigeria even if you think you're not up to it. Remember . . . if you believe it, if you dream
it, you can achieve it.

There's something you can be absolutely sure of: you can build your own home even if you're a Nigerian who fall into the category of low income earners.

Yes, you can build your own home in Lagos not just in your village that is thousands of kilometres away from Lagos. And yes . . . you can and here in Lagos not just in your village where you can get cheap or even free land bequitted to you by your ancestors.

I know what you're thinking. You're wondering how it's possible that a low income earner like you can own a home in Lagos.

Well, it's possible. And there are three ways to achieve this.

1. Take advantage of low income housing opportunities offered by Lagos state and buy one of the low income homes offered by Lagos state development and property authority (LSDPC) or

Nigeria Real Estate Affiliate Program

2. Buy Lagos state land offered through the bureau of lands of Lagos state or

3. Buy land through your company's cooperative society

The Lagos state government has had great success with building low income housing in Lagos Nigeria especially in the era of Lateef Jakande, a former
governor of Lagos state in the eighty's. Virtually everywhere you go in Lagos, you will find an estate named after Jakande.

These low cost housing projects have made it possible for many low income earners in Lagos Nigeria to own a home in Lagos.

For example, some low cost housing flats in these low income estates cost about 2 - 3 million Naira. That is affordable for many Nigerias.

Unfortunately, even though the amount is that low, millions of Lagosians who are low income earners cannot raise that amount of money at a go. What suite them better is a house or land they can pay for gradually.

That is where the option of buying through the individual's cooperative society comes in.

Ideally, the cooperative society will buy the land in bulk and then sell to its members who will be required to pay over two or three years.

For example, some plots of land in Mowe Ofada axis of Ogun state, a neighbouring state to Lagos, has land going for about 600,000 to 800,000 Naira per plot. To pay this off in two years, cooperators who belong to the cooperative society has to pay about 25,000 per month. A 3 yr repayment period would mean a monthly payment of about 17,000 Naira.

Not bad.

Many cooperative societies charge interest rate of about 9%, which is a bargain compared to the 19.5 - 22% charged by commercial banks in Nigeria. Many low income earners brave it and buy these plots of land through the cooperative societies. That marks the beginning of the march towards building their own home.

The options are available for you to start your building construction. Plan big and start small or plan small and start small.

Whatever the case, join the millions of Nigerians who already live in their own home.

It's a beautiful feeling to have a home to yourself. Take advantage of the low cost housing options available from the government, your cooperative
society, or private real estate developers.

Yes, you can be a landlord in Lagos Nigeria. At the very worst, if you can't afford land in Lagos, be a landlord in neighbouring Ogun state.

It's a wonderful feeling.

Property For Sale In Lagos

Real Estate Investing Course

Real Estate Sales Training

Facebook Advertising

Book Store

Share this page:
One More Way You Can Share This Page

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

  1. Home
  2. Home Buying
  3. Low Income Housing

Real Estate Affiliate Program

Real Estate Guide

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Real Estate Guide.
follow lagos nigeria real estate advisor on Facebook