Real Estate Regulations Act in Nigeria: PWAN Ensuring Safe and Profitable Investments

At PWAN, we are committed to empowering individuals to create wealth through land banking and property ownership, all while adhering to the rules and regulations that govern Nigeria’s real estate industry. This page outlines the key aspects of Nigeria’s Real Estate Regulations Act, designed to protect your investments, promote sustainable development, and ensure ethical practices.

 

Overview of Real Estate Regulations in Nigeria

Nigeria’s real estate regulations are built on a robust framework of laws, policies, and standards to safeguard investors and stabilize the market. Below are the foundational elements:

Land Use Act: This governs the ownership and use of land in Nigeria, ensuring fair access and usage. At PWAN we are govern with the land use act to make sure our investors are on the right legal track of investment.

National Housing Policy: PWAN primary purpose of making land available for everyone to become a home owner, builds in line qith the Nigeria housing policy that  Aims to provide affordable housing options for all Nigerians.

Real Estate Investment Trusts (REITs): Regulated by the Securities and Exchange Commission (SEC), REITs provide opportunities for property investment with minimized risks. We created the first real estate network company to drive at property investment with minimized risks which lead us to offer our investors a buy to sell platform for you to maximize the wealth in real estate.

Building Codes and Standards: Enforced to ensure construction safety and quality.

Urban and Regional Planning Laws: Oversee land development in urban areas for sustainable growth.

Tax Policies: Includes Capital Gains Tax, Stamp Duty, and other transaction-related levies. We are committed to tax policies as it helps build our communities at large and beyond.

Nigeria Real Estate Regulations Act (RERA)

The Real Estate (Regulation and Development) Bill, 2021, was introduced to improve the transparency and integrity of the real estate sector. PWAN works with the act’s and bodies to achieve objectives which includes:

Regulating real estate transactions.

Reducing fraudulent practices in property dealings.

Ensuring compliance with the National Building Code.

Establishing the Real Estate Regulatory Council of Nigeria.

Promoting Nigeria as a top real estate investment destination.

 

Key Regulatory Bodies

Several bodies oversee real estate operations in Nigeria to maintain industry standards and investor confidence:

Federal Ministry of Works and Housing: Develops and implements housing policies.

Real Estate Developers Association of Nigeria (REDAN): Advocates for ethical practices and professionalism.

Nigerian Institution of Estate Surveyors and Valuers (NIESV): Promotes high standards and ethical practices in real estate transactions.

 

Why PWAN Is Your Trusted Partner in Real Estate

At PWAN, we prioritize your financial safety and wealth creation by ensuring every transaction complies with Nigeria’s real estate regulations. We help you navigate the complexities of the industry, offering you secure and transparent opportunities to build your property portfolio.

For more details, we encourage you to review our Privacy Policy, Don’t Sell My Personal Data and Information, and Terms and Conditions, which outline our commitment to protecting your interests and personal information.

PWAN – Your reliable partner for real estate investment, wealth generation, and sustainable property ownership in Nigeria. Contact us here