One of the most common questions we get from first-time investors is a simple one: should I buy offplan or wait for a completed property? The answer, as with most things in real estate, depends on your goals, your timeline, and your risk appetite.
The Case for Offplan
Buying offplan — that is, purchasing a property before construction is completed — offers one primary advantage that is hard to ignore: price. Developers typically price pre-launch units 20–35% below what the same property will sell for once completed. In a market like Lagos, where property values have appreciated significantly over the past decade, that discount translates directly into equity.
Flexible payment plans are another major draw. Most credible developers accept initial deposits of 20–30%, with the balance spread over the construction period. This allows investors to enter the market without committing the full capital upfront.
The Risks You Must Understand
Offplan investing carries real risks that must be weighed honestly. Developer default is the most serious — there are cautionary tales across Lagos of projects that stalled mid-construction, leaving buyers in legal limbo. Before committing, verify the developer's track record, check that the land has a clean title (C of O or Governor's Consent), and confirm that approvals from the Lagos State Building Control Agency are in place.
Why Ready Properties Have Their Own Appeal
For buyers who need immediate occupation or rental income, a ready property is simply the practical choice. You inspect exactly what you're buying, can begin earning rental returns from day one, and carry no construction risk. The trade-off is that you pay the full market price with no discount.
Our Recommendation
For investors with a 2–3 year horizon and sufficient capital, a well-chosen offplan investment with a reputable developer in an established corridor like Lekki or Ikeja can deliver exceptional returns. For end-users or those needing immediate income, a ready property is the more prudent path.
Vyperealty lists both offplan and completed properties. Contact our advisory team to discuss which approach aligns with your financial goals.