Current Cost Of Buying And Selling Land In Ilorin, Kwara State (Updated Prices, 2025)
Ilorin, the capital of Kwara State, is a rapidly developing city with a growing real estate market. The city’s strategic location, business-friendly environment, and expanding infrastructure make it a prime destination for land investment. Whether you’re buying land for residential, commercial, or agricultural purposes, understanding current prices, legal requirements, and market trends is crucial.
This guide covers:
- Updated land prices in Ilorin (2025 rates)
- Factors influencing land costs
- How to buy and sell land legally
- Common challenges and solutions
- FAQs on land investment in Ilorin
Why Invest in Land in Ilorin?
Before diving into land prices, let’s explore why Ilorin is an attractive location for real estate investment.
1. Strategic Location
Ilorin is centrally located in Nigeria, making it a key transit hub for travelers between the north and south.
2. Booming Economy and Infrastructure
The city has a thriving trade sector, growing educational institutions, and government-backed development projects.
3. Affordable Compared to Lagos and Abuja
Land in Ilorin is cheaper than in major Nigerian cities but still offers high investment potential.
4. Growing Population
As more people move to Ilorin for work and education, demand for housing and commercial spaces is rising.
5. Educational and Industrial Growth
With institutions like the University of Ilorin (UNILORIN) and Kwara State Polytechnic, plus new industries, Ilorin is attracting both students and businesses.
Current Land Prices in Ilorin (2025 Updated Rates)
Land prices in Ilorin depend on location, accessibility, and intended use. Below is a breakdown of land costs across different areas:
1. Highbrow Areas (Most Expensive Locations)
📍 Popular Locations:
- GRA Ilorin
- Tanke (UNILORIN Axis)
- Asa Dam Road
- Fate Road
💰 Land Prices in Prime Areas:
- Residential Land: ₦12 million – ₦30 million per plot (500 sqm)
- Commercial Land: ₦20 million – ₦50 million per plot (1,000 sqm)
👉 Best for: Investors seeking high-value property in well-developed neighborhoods.
2. Developing Urban Areas (Moderate Prices, Fast Growth)
📍 Popular Locations:
- Sango
- Airport Road
- Unity Road
- Oko-Erin
💰 Land Prices in Mid-Range Areas:
- Residential Land: ₦5 million – ₦15 million per plot (500 sqm)
- Commercial Land: ₦10 million – ₦25 million per plot (1,000 sqm)
👉 Best for: Buyers looking for good infrastructure at relatively lower prices.
3. Affordable & Emerging Areas (Low-Cost Land)
📍 Popular Locations:
- Olorunsogo
- Gaa Akanbi
- Offa Garage
- Eyenkorin
💰 Land Prices in Affordable Areas:
- Residential Land: ₦1.5 million – ₦5 million per plot (500 sqm)
- Commercial Land: ₦3 million – ₦8 million per plot (1,000 sqm)
👉 Best for: First-time buyers and those looking for cheaper land to develop later.
4. Agricultural & Rural Areas (Best for Farming & Large-Scale Projects)
📍 Popular Locations:
- Ganmo
- Ogbondoroko
- Shao
💰 Land Prices for Agricultural Use:
- Farmland: ₦500,000 – ₦2 million per hectare
👉 Best for: Investors interested in farming, livestock, and agro-business.
Factors Affecting Land Prices in Ilorin
- Location: Prime areas cost more than rural locations.
- Infrastructure: Well-developed neighborhoods have higher land prices.
- Proximity to Universities & Markets: Land near schools, markets, and business hubs is in higher demand.
- Government Regulations: Land with valid titles costs more but is a safer investment.
- Economic Growth: Increasing businesses and industries raise land value.
How to Buy Land in Ilorin: Step-by-Step Guide
1. Decide Your Purpose
Are you buying for residential, commercial, or agricultural use? Your goal determines the best location.
2. Set a Budget
Factor in extra costs like legal fees, survey fees, and registration charges.
3. Verify Land Documents
Check if the land has a Certificate of Occupancy (C of O), Survey Plan, and Deed of Assignment.
4. Conduct a Physical Inspection
Visit the land to confirm location, road access, and development status.
5. Involve a Lawyer
A real estate lawyer will verify land ownership and draft legal documents.
6. Negotiate & Make Payment
Ensure you get a valid receipt and agreement for any payment made.
7. Register the Land
Complete the land transfer process at the Kwara State Ministry of Lands.
How to Sell Land in Ilorin
- Obtain Legal Documents – A C of O, Deed of Assignment, and Survey Plan are essential.
- Determine the Right Price – Research market rates before setting a price.
- Advertise the Land – Use real estate agents, social media, and online platforms.
- Screen Buyers Carefully – Verify their ability to pay and ensure a proper legal process.
- Complete the Sale – Sign all necessary documents and register the new ownership.
Common Land Buying and Selling Challenges in Ilorin
- Fake Agents & Land Scams – Work with trusted real estate professionals.
- Omonile Issues – Some family-owned lands may have disputes.
- Unregistered Land – Always buy land with proper legal backing.
- Encroachment Problems – Confirm land boundaries before buying.
👉 Solution: Always verify documents, involve a lawyer, and register your land properly!
Frequently Asked Questions (FAQ)
1. What is the best area to buy land in Ilorin?
For high-value investment, GRA Ilorin and Tanke are great choices. For affordable options, consider Eyenkorin and Gaa Akanbi.
2. How much is farmland in Ilorin in 2025?
Farmland costs between ₦500,000 and ₦2 million per hectare, depending on location.
3. What documents should I check before buying land?
Check for a Certificate of Occupancy (C of O), Deed of Assignment, and Survey Plan.
4. Can non-indigenes buy land in Ilorin?
Yes, but they must follow Kwara State land ownership laws.
5. Is land in Ilorin a good investment?
Yes! Ilorin’s growing economy, trade, and educational sector make it a profitable investment.
Final Thoughts
Ilorin is one of the best places to invest in land in Nigeria, thanks to its affordability, business growth, and increasing population. Whether you’re looking for prime residential plots, commercial spaces, or farmland, Ilorin offers great opportunities.
Thinking of buying or selling land in Ilorin? Let us know your questions in the comments!
