I recently bought a 3 bedroom bungalow at diamond estate in lagos from diya fatimilehin . ( please check the website www.diya-fatimilehin.com) for 6.6M. 6.3M
and 300k for charges to diya. I visited the country a few months ago and checked the estate out, the bungalows weren't particularly great but I can't just be bothered to go through all the hassles of land acquisition and building houses. I figure out I would still need to spend 1.5 to 2 M to get the bungalow into shape.
The property is intended for investment purposes (appreciation in cost and rent), infact a recent enquiry from Diya Fatimilehin's staff revealed the current selling price as 8.8M.
I intend to buy a few of these flats/bungalows over the course of my workinglife, (maybe 10-15 of such flats/bungalows) as retirement investments. IA(I'm in my early 30s)
I just want to sample the opinion of the experience ones.

Would you rather buy flats/bungalows as against building from scratch with all the hassles (I do not reside in Nigeria) ?.
Some of my friends seem to believe that the bungalow was rather pricey and I could have gotten a much better deal building it.