When navigating the real estate market in Nigeria, both homebuyers and investors, particularly those residing abroad, often encounter terms that may seem confusing or unclear. One such term is "all-inclusive" when it comes to property pricing. It’s essential to understand what this means, especially to avoid unexpected expenses after committing to a purchase.

What Does "All-Inclusive" Mean?

In the context of Nigerian real estate, "all-inclusive" refers to the total cost of acquiring a property, with no hidden charges. This means that when you see a property advertised as all-inclusive, the price you see is the final amount you’ll pay. This price typically covers not just the cost of the land or property itself but also the statutory fees associated with the transaction.

Understanding Statutory Fees

Statutory fees are essential components of real estate transactions in Nigeria. These are not arbitrary or hidden charges; rather, they are mandatory payments required by law to facilitate the legal transfer of property ownership. Statutory fees generally include:

1. **Legal Fees**: These are payments made to a lawyer for services such as preparing and reviewing contracts, ensuring due diligence is conducted, and facilitating the transfer of title.

2. **Survey Fees**: This covers the cost of conducting a land survey, which is essential to determine the exact boundaries and size of the property you are purchasing.

3. **Documentation Fees**: These include the cost of processing and obtaining all necessary documents, such as the Certificate of Occupancy (C of O), Deed of Assignment, and Governor’s Consent, among others.

4. **Development Levies**: In some cases, especially for properties in new estates, you may also need to pay for development levies, which contribute to infrastructure development in the area.

Why "All-Inclusive" Matters
For Nigerians abroad, transparency in real estate transactions is paramount. Many have encountered scenarios where they were initially quoted a property price, only to later discover additional costs that significantly increase the total outlay. These unexpected costs often lead to frustration and a loss of trust in the real estate process.

An "all-inclusive" price tag eliminates this concern by ensuring that everything is upfront. The stated price already includes the purchase price of the land or property, as well as all the statutory fees necessary to complete the transaction. This means no surprises down the line—what you see is what you pay.

Why Do Some Properties Not Show All-Inclusive Pricing?

It’s not uncommon to find properties listed without an all-inclusive price. Often, this is because sellers or real estate companies prefer to quote only the cost of the land or property, leaving statutory fees as separate, often ambiguous, charges. This approach can make the initial price seem more attractive but can lead to misunderstandings and additional expenses once the transaction is underway.

For Nigerians abroad, this lack of transparency can be particularly challenging, as they may not be on the ground to negotiate or understand the full scope of costs involved. It’s advisable to always seek clarity on what the quoted price includes and to favor properties that offer an all-inclusive rate to ensure there are no hidden surprises.





In the Nigerian real estate market, particularly for Nigerians abroad who may be investing remotely, understanding the concept of "all-inclusive" pricing is crucial. This term signifies that the price includes not just the cost of the property but all associated statutory fees, ensuring transparency and trust in the transaction. Always be sure to confirm whether a price is all-inclusive to avoid hidden charges and to have a clear understanding of the total cost involved in acquiring your desired property. This approach not only protects your investment but also ensures a smoother, more transparent buying process.

I’m BISOLA, they call me Wildflower. I help Nigerians both home and abroad to navigate the Dynamic Real Estate Market and make the best choice from the numerous atttactive offers in the industry. Transparency and Understanding are key. Please, help me understand your needs by requesting a discovery call via +2349134202944 or WhatsApp me.

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