Current Cost Of Buying And Selling Land In Makurdi, Benue State (Updated Prices, 2025)
Makurdi, the capital of Benue State, is one of Nigeria’s emerging real estate markets. Known as the "Food Basket of the Nation," Benue has vast fertile land, making it a hotspot for agriculture, real estate, and commercial investments.
Over the years, Makurdi has seen steady population growth, infrastructural development, and increased demand for land. Whether you're a buyer, seller, or investor, understanding the current land prices and market trends is crucial for making informed decisions.
In this guide, we’ll provide detailed insights into the cost of land in Makurdi, the best locations to buy land, factors influencing land prices, and the buying and selling process.
Overview of the Real Estate Market in Makurdi
Makurdi’s real estate market is growing due to:
- Infrastructural development (roads, schools, hospitals, and businesses).
- Increased urban migration as more people move from rural areas to the city.
- Affordable land prices compared to major Nigerian cities like Lagos and Abuja.
Land in Makurdi is generally cheaper than in many urban centers, but prices vary based on location, purpose, and legal documentation.
Current Land Prices in Makurdi (2025 Update)
The cost of land in Makurdi depends on location, size, accessibility, and land documentation. Below is a breakdown of the latest land prices in different parts of the city.
1. Land Prices in Urban and Prime Areas
These areas include well-developed locations with good road networks, schools, markets, and commercial centers.
- Highbrow Areas (GRAs, Wurukum, and New GRA)
- Residential land (500sqm – 1,000sqm): ₦8 million – ₦40 million.
- Commercial land (1,000sqm – 2,000sqm): ₦25 million – ₦100 million.
- Example: A 1,200sqm plot in Wurukum is currently selling for ₦50 million due to its proximity to government offices and major businesses.
- Developed Suburbs (High-Level, Nyiman, and Kanshio)
- Residential land: ₦3 million – ₦15 million.
- Commercial land: ₦10 million – ₦50 million.
- These areas are ideal for middle-class housing and commercial businesses.
2. Land Prices in Developing Areas
These locations are growing but still lack major infrastructure. They offer affordable land options for new homeowners and investors.
- Apir, North Bank, and Achusa
- Residential land: ₦1.5 million – ₦6 million.
- Commercial land: ₦5 million – ₦20 million.
- Suitable for those looking to build houses in quiet, developing neighborhoods.
3. Land Prices in Rural and Agricultural Areas
Benue State is Nigeria’s top agricultural producer, so farmland is highly valuable. If you're looking for land for farming or long-term investment, these areas are ideal.
- Farming Land (Tarka, Gboko, Gwer, and Otukpo areas)
- Per hectare: ₦500,000 – ₦3 million.
- Suitable for large-scale crop farming, ranching, and agribusiness.
- Prices depend on soil fertility, access to water, and proximity to markets.
Factors Influencing Land Prices in Makurdi
Several factors determine the cost of land in Makurdi, including:
1. Location and Infrastructure
- Land in prime areas with good roads, electricity, and access to essential services is more expensive.
- Remote areas with poor infrastructure have cheaper land prices.
2. Purpose of the Land
- Commercial land costs more than residential land because of its profit potential.
- Agricultural land is generally cheaper but can be expensive in fertile regions.
3. Legal Documentation and Land Titles
- Land with a Certificate of Occupancy (C of O), Deed of Assignment, or Registered Survey Plan is more expensive but safer to buy.
- Unregistered land is cheaper but riskier due to possible disputes.
4. Government Policies and Land Use Regulations
- If the government plans infrastructure projects in an area, land prices increase rapidly.
- New zoning regulations can affect land value and usage.
5. Demand and Market Trends
- Areas experiencing rapid population growth and business expansion see rising land prices.
- High demand for housing in urban centers leads to increased property values.
Buying and Selling Land in Makurdi: Step-by-Step Guide
Whether you’re buying or selling, understanding the process is crucial.
Steps to Buying Land in Makurdi
- Determine Your Budget and Purpose
- Decide if you're buying for residential, commercial, or agricultural use.
- Compare land prices in different locations.
- Verify Land Ownership and Documentation
- Ensure the land has a valid title (C of O, Deed of Assignment, or Right of Occupancy).
- Check if the land is free from disputes or government acquisition.
- Conduct a Physical Inspection
- Visit the land to confirm its size, location, and accessibility.
- Speak with locals to verify the land’s history.
- Negotiate Price and Payment Terms
- Work with a trusted real estate agent or lawyer to negotiate a fair price.
- Obtain Legal Documentation
- Sign a Deed of Assignment or Purchase Agreement.
- If required, obtain a Governor’s Consent for the transaction.
- Register the Land
- File for land registration at the Benue State Lands Registry to secure ownership.
Steps to Selling Land in Makurdi
- Determine the Market Value
- Compare similar land prices to set a competitive price.
- Ensure Proper Documentation
- Land with a valid title sells faster and at a higher price.
- Advertise the Land
- List it through real estate agents, property websites, and social media.
- Negotiate with Buyers
- Finalize the sale terms and draft a legal agreement.
- Transfer Ownership and Complete the Sale
- Collect payment through a verified bank transaction.
- Issue a Deed of Assignment to the buyer.
FAQs About Buying and Selling Land in Makurdi
1. What is the cheapest area to buy land in Makurdi?
- North Bank, Achusa, and Apir have some of the most affordable residential land.
- For farmland, Gboko, Tarka, and Gwer offer low-cost options.
2. How can I avoid land fraud?
- Verify ownership documents before making payments.
- Work with a real estate lawyer or government agency.
- Avoid land without proper documentation.
3. What documents do I need to buy land?
- Certificate of Occupancy (C of O)
- Deed of Assignment
- Survey Plan
- Governor’s Consent (if necessary)
4. Can foreigners buy land in Makurdi?
Yes, but they must obtain government approval and follow legal procedures.
5. Is land in Makurdi a good investment?
Yes! With urban growth, agricultural potential, and increasing demand for housing, land in Makurdi is a profitable long-term investment.
Final Thoughts
Makurdi offers affordable and high-value real estate opportunities for buyers, sellers, and investors. Whether you're looking for prime urban land, suburban plots, or agricultural farmland, Makurdi has plenty of options.
To make the best investment, always conduct due diligence, verify land documents, and follow legal processes. Happy investing!
