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Buying Multi Million Naira Properties In Nigeria, Is It Worth It? - Properties - Nairaland

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Buying Multi Million Naira Properties In Nigeria, Is It Worth It? by generationz(f): 1:11pm On Jun 13, 2021
My dear property gurus, ao, I was just scrolling through Instagram and I stumbled on a property page where lovely houses at Lekki worth over a million dollars (500m naira) were advertised and I'm wondering if it's worth it buying such $1m, #1bn houses in Nigeria with the way naira keeps falling daily with no hope of it ever getting better or to just keep the money in an offshore account while it accumulates interest?
What about the option of buying properties abroad while one lives in Nigeria?

Note that many of these houses also look the same and very boring from the outside, lol.

Note: I'm talking about spending that much money on just one house but you can also give answers in terms of buying several properties worth above $250,000 in Nigeria.

Re: Buying Multi Million Naira Properties In Nigeria, Is It Worth It? by pocohantas(f): 10:10pm On Jun 15, 2021
Most people that buy those properties in Lekki do not buy them because they are worth it. It is just a store of value for them. Majority are your thiefing politicians, drug dealers, Tier 1 yahoo boys and the rest.

Systematic money laundering.

Don’t bother your pretty head over it. kiss

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Re: Buying Multi Million Naira Properties In Nigeria, Is It Worth It? by Nobody: 2:06pm On Jun 16, 2021
Why do the poor always concern themselves with rich people's affairs?

Oh, okay! No job in Nigeria that's why. undecided

I took my leave. angry
Re: Buying Multi Million Naira Properties In Nigeria, Is It Worth It? by generationz(f): 9:00pm On Jun 30, 2021
pocohantas:
Most people that buy those properties in Lekki do not buy them because they are worth it. It is just a store of value for them. Majority are your thiefing politicians, drug dealers, Tier 1 yahoo boys and the rest.

Systematic money laundering.

Don’t bother your pretty head over it. kiss

So I thought. Although many people based abroad also come down here to buy and I wonder why also.

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