This is a detailed guide on the 10 best real estate companies in Nigeria. This list contains the best and most well-known real estate firms in terms of coverage, customers, and investments.
These are the best and most well-known real estate firms. Real estate companies in Nigeria are an absolute necessity if you’re trying to find a place to rent, buy, or lease.
Meaning of Real Estate
In the context of real estate, the term refers to the land and any permanent improvements that are built on top of it.
Property rights give a legal right to the specific piece of land, and its accompanying improvements, and natural resources.
Real estate consists of different properties including land and buildings, as well as natural resources such as crops, minerals, or water; immovable property of this type; an interest in real property, buildings, or housing in general.
4 Types of Real Estate Companies in Nigeria
There are several types of real estate companies in Nigeria, each with a unique purpose and utility but these 4 form the main types.
1. Land
The land is the foundation of all real estate business. In most contexts, the term “land” is used to describe undeveloped or uninhabited land.
It’s the job of real estate companies in Nigeria to find land that can be developed for either residential or commercial purposes.
To increase density and raise the value of a property, developers buy land, put it together with other properties, and then rezone it.
The brokers should have a strong network of contacts with other brokers who need raw land for their clients and should be knowledgeable about zoning regulations.
2. Residential
Individuals, families, and small groups of people can all find a place to call home in residential real estate.
This is the most common form of estate and the asset class with which the majority of people are familiar.
Single-family homes, apartments, condominiums, townhouses, and other types of living arrangements can be found in the residential category.
The majority of real estate transactions take place here in residential real estate.
Depending on your needs, you can find a sub-specialist who only deals with people who are looking for a home to buy or sell for the first time.
3. Commercial
Commercial real estate companies in Nigeria specialize in commercial businesses to identify, acquire, or sell commercial property and land.
Offices, retail, restaurants, and light industrial properties can all be included in this category.
Commercial real estate transactions that are more complicated and time-consuming exist than those for residential properties.
As well as finding a property, many brokers and agents assist with zoning, development, permits, financing, and feasibility studies as well.
In the real estate industry, the term “commercial property” refers to land and structures that are primarily used by businesses.
Shopping malls, individual stores, office buildings, parking lots, medical centers, and hotels are some examples of commercial real estate.
4. Industrial
Companies in the manufacturing and construction industries use industrial real estate, which includes properties such as manufacturing plants, research and development facilities (R&D), manufacturing facilities (factories), and warehouses for storage and distribution.
Industrial “behind the scenes” business operations are carried out in properties like this.
Specialized knowledge, abilities, and connections are needed to deal with commercial real estate in this specific subset. This is not the case with other kinds of properties.
For a typical client, it is essential to find a location that has the right workforce, tax structure, regulatory environment, and government relations.
Those who work with this type of client must be able to get the approval of the buyer, seller, local, state, and community leaders to get the deal done.
Overview of Real Estate Companies in Nigeria
The real estate companies in Nigeria are divided into several different areas in terms of how it works, the major jobs and careers are;
1. Development
Land acquisition, zoning changes, building construction, and renovation, and the eventual sale or rental of the finished product are all steps in the real estate development process.
To make money, developers build or improve buildings, rezoning land (and taking on the risk of financing a project), and then reap the benefits of their hard work.
To put it another way, the “primary market” or creation of new inventory is what developers do in real estate companies.
2. Sales and Marketing
Sales and marketers work with developers to sell the buildings and units they create in real estate companies in Nigeria.
Real estate companies in Nigeria earn a commission for creating all marketing material and using their sales agents to sell the inventory of completed units.
These firms typically focus on new units.
3. Brokerage
A real estate broker’s job is to bring together a team of real estate agents (realtors) who will assist in the transaction between buyers and sellers of property.
Additionally, they’ll have to represent both parties and help them secure the best terms possible for the transaction.
4. Property Management
Real estate managers assist building owners in finding tenants for their apartments.
They collect rent, show units, fix deficiencies, perform repairs, and manage tenants, among other responsibilities.
Owners of rental property pay a fee to these companies, which is typically a percentage of the monthly rent.
5. Lending
Lenders play a major role in the real estate companies in Nigeria as virtually all properties and developments use leverage (debt) to finance their business.
Lenders here include banks, credit unions, private lenders, and government institutions.
6. Professional Services (law, accounting, etc.)
There are varieties of professionals like (lawyers, accountants) who work in real estate companies in Nigeria to help make it function.
Other most common examples of professionals (other than the ones listed above) are interior designers, stagers, general contractors, construction workers, and tradespeople.
Importance of Real Estate Companies in Nigeria
When it comes to the acquisition, leasing, renting, or selling of a home or property, the importance of real estate companies cannot be overstated.
Nigeria’s real estate market is one of the most dynamic and lucrative in the country.
Over the years, the Nigerian real estate market has remained a significant contributor to the Nigerian economy in terms of gross domestic product (GDP).
It is no secret that real estate companies in Nigeria have grown in recent years, especially in urban cities like Lagos and Abuja (the nation’s capital).
In the case of a property or house that you are interested in purchasing, renting, or leasing, real estate companies in Nigeria provide you with the best possible offer and advice.
People who are on a tight budget can benefit from the best discounts offered by real estate companies in Nigeria when it comes to renting, leasing, or purchasing a home or property.
Every good real estate company’s goal is to make sure their customers are completely happy.
Clients flock to real estate companies in Nigeria that offer the best services, and no real estate firm is willing to risk losing a large customer base by providing services that aren’t truly satisfying.
10 Best Real Estate Companies in Nigeria
The following are the 10 best real estate companies in Nigeria that you can contact when you require a house or property in 2022.
1. Jide Taiwo & Co
Jide Taiwo & Co. is one of the foremost professional real estate companies in Nigeria.
This real estate company is a corporate member of the Nigerian Institution of Estate Surveyors and Valuers (NIESV).
The Corporate Affairs Commission [CAC] incorporated them in 1980 and they began operations the same year.
They have since grown to become the sectorial icon in Nigeria.
Jide Taiwo & Co. is recognized by the Estate Surveyors and Valuers Registration Board of Nigeria [ESVARBON] to perform the profession of real estate surveying and valuation nationwide.
This is probably one of the oldest real estate companies in Nigeria.
Despite its 42 years of existence, the company has been able to retain its relevance and it is one of the best real estate companies in Nigeria.
Jide Taiwo & Co provides services to corporate organizations, institutions, individuals, aviation, rail, and marine industries.
The company has 20 offices across Nigeria and is best known for managing large portfolios and complex. Their headquarters is in plot 136 Sinari Daranijo street, Off Ajose Adegun Street, Victoria Island Lagos State.
Their range of professional services includes the following: Valuation of Properties and Assets for a Variety of Purposes including Rating, Mortgage, Insurance, Compensation, Accounting/Financial Reports, Privatization, Rental or Sale/Purchase, Market Capitalization, Merger/Acquisition, etc.
- Sale/Purchase of properties for and on behalf of clients
- Management of all types of properties [Residential, Commercial, Industrial, or Agricultural].
- Letting/Leasing of properties for and on behalf of clients.
- Facility Management.
- Feasibility/Viability Appraisal on Proposed Projects.
- Project Development and Management.
- General Real Estate Consultancy Services including advice on Land Use planning/administration and processing title perfection/registration.
Jide Taiwo & Co. real estate company is well regarded by both the public and private sectors because of its exceptional service and its deals in project and facility management.
Jide Taiwo & Co services also extend to sales and lease of properties such as filling stations, malls, hotels, commercial assets, etc.
2. Adron Homes and Properties Limited
This is one of the real estate companies in Nigeria that offers customers the greatest deals on landed properties.
The organization is dedicated to providing the greatest housing and property management to the Nigerian people, regardless of their socioeconomic status.
This is a fast-growing real estate firm in Nigeria that is well-known for its excellent customer service.
This company is located at Adron Court, 75, Adeyemo Akapo Street, Omole Phase1, Lagos State. (Headquarters).
The company owns over 4,000 acres of land in Shimawa, Abuja, Lekki, Ikorodu, and other locations.
Adron Homes and Properties Limited
3. Kings Court Realtors
As a professional firm in Estate Surveyors and valuers on the local and International Real Estate Market, Kings Court Realtors is a sister company of Emeka Okoronkwo Associates with a mix of young and seasoned professionals.
This is one of the real estate companies in Nigeria that provides expert real estate services. Their main services include property lease, development, management, and sales.
This firm also provides expert guidance on buying, selling, promoting, and investing in residential real estate.
If you’re looking for a residential, commercial, or new development property, King Court Realtors is the place to go. You won’t be disappointed with their excellent services.
You can visit them through their Email: info@kingcourtrealtors.com
The company is located at Plot 321A, Akin Ogunlewe St, Victoria Island, Lagos State, Nigeria.
4. Landmark Corporate Realty Ltd
Landmark Corporate Realty Ltd is one of the largest and best real estate companies in Nigeria whose main goal is to provide competitive and great real estate solutions to their clients.
They specialize in estate design and building, real estate development, real estate management & investment, and real estate brokerage and marketing services.
They can be contacted at Number 47A, Aba Johnson Crescent, Akora Villa, Off Adeniyi Jones, Ikeja, Lagos, Nigeria.
5. Cadwell Limited
Cadwell Limited is one of the best real estate companies in Nigeria which has been in operation for almost 20 years.
Cadwell specializes in home offices and high-end apartments. The business provides excellent service to its customers and caters to a high-end clientele.
They are experts in facility maintenance, real estate marketing and sales, and property development and management.
Cadwell has properties in places such as Ikoyi and Victoria Island. The company is located at No. 45 Saka Tinubu Street, Victoria Island, Lagos, Nigeria
6. Primrose Development Company
The main goals of this real estate company include feasibility analysis, identification of real estate opportunities, conducting design, and project management.
This company has been around for over 3 decades and it is well known for developing tailor-made marketing and new sales techniques for their products.
Also See: Things To Consider Before Buying a Land in Nigeria
The Primrose group of firms has developed and owned a property portfolio worth more than $150 million in places such as Ikoyi, Victoria Island, and Lekki Lagos, state.
The Primrose group of firms provides excellent service and a one-of-a-kind and unrivaled value offering that encompasses all of the core skills and criteria necessary for a real estate venture’s success.
They have long-standing relationships with key participants in the real estate industry, such as consultants, contractors, and government agencies.
They are located on the 2nd Floor, First City Plaza, 44 Marina, Lagos State, Nigeria
7. Cappa & D’Alberto Plc
Cappa and D’Alberto Ltd is a renowned Nigerian construction and civil engineering enterprise that has been in operation since 1932.
Their services are not short of the greatest, as their clientele can attest, with nearly 90 years of expertise and a solid reputation built on its history, professionalism, and devotion to excellent service.
Cappa and D’Alberto Ltd as one of the best real estate companies in Nigeria provides a broad range of multidisciplinary contracted services to all clients, both commercial and private, to ensure the smooth operation of their new or existing facilities.
Many construction projects have been performed by the organization.
The Tafawa Balewa Square, the National Stadium Surulere, Popular Church Cathedrals, and other projects were built by this real estate corporation.
Cappa & D’Alberto Plc is located at No. 72, Campbell St., Lagos, Nigeria.
8. Primewaterview Limited
Primewaterview Limited is a major player in the development of luxury properties in Nigeria, particularly at Victoria Island, Ikoyi, and Lekki.
As it grows in popularity in the property market, the company is steadily expanding its reach to other parts of Nigeria.
Primewaterview Limited specializes in residential property development, design construction, project management, and site surveying for its clients, with an initial focus on highbrow neighborhoods in Nigeria’s highly populated locations.
The competitive advantage of Primewaterview Limited stems from its track record of on-time unit delivery, adherence to selling point specifications, integrity in dealing with all clients, and a rigorous policy of no price modification in off-plan sales.
It is located at No 185, Moshood Olugbani Street, Off Ligali Ayorinde, Victoria Island Extension, Lagos State.
9. Property Max Results Limited
Property Max Results Limited is one of Nigeria’s leading real estate companies, providing services such as property valuation, rental solutions, and property development.
It is the company’s primary objective to keep customers happy, and they do this by providing the most dedicated, knowledgeable, and loyal services possible.
They are located at No. 10 Ladoke Akintola Avenue New Bodija, Ibadan, Oyo State, Nigeria.
10. Cortts Real Estate and Property Development Company
This is one of the best real estate companies in Nigeria that offer possible solutions on property development such as they buy and sell of landed properties and houses as well as valuation of estates.
The company offers services such as consulting and development as well as professional property marketing to their prospective clients.
They have properties in places such as Victoria Island and Ikoyi and they are known to be skilled professionals in project management.
This company also extends its services to every other part of the country.
Their contact address is No. 7b Furo Ezimora Lekki Phase 1, Lagos 105102 Nigeria.
Cortts Real Estate and Property Development Company
Owning a home in Nigeria would no longer be an issue with the guide of this article on the list of best real estate companies in Nigeria.
These real estate companies in Nigeria offer the greatest services and solutions if you’re looking to rent, lease, buy, sell, or develop a landed property.