Investment
Dec 15, 2024
8 min read
5 Reasons Why Lagos Real Estate Remains Africa's Best Investment
Despite economic challenges, Lagos continues to offer unmatched returns for savvy real estate investors.
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Real Estate Insights
Professional analysis and market intelligence for Nigeria's real estate sector
Market Intelligence
Real-time insights from Nigeria's major cities
Lagos
Key Trends
- Rising demand in the Lekki–Ajah axis due to rapid development and infrastructure projects.
- Increased short-let listings in Victoria Island and Ikoyi driven by business tourism.
- Mainland areas like Yaba and Surulere gaining popularity among young professionals.
Active Areas
Lekki Phase 1Lekki Phase 2IkoyiVictoria IslandAjahYabaSurulereIkeja
Abuja (FCT)
Key Trends
- High rental yields in central districts like Maitama and Asokoro.
- Growing interest in satellite towns due to affordability and accessibility.
- Surge in luxury developments in Katampe and Jahi districts.
Active Areas
GwarinpaWuse 2MaitamaLokogomaJabiAsokoroGarkiUtako
Port Harcourt
Key Trends
- Commercial property surge around Trans-Amadi and GRA driven by oil industry.
- Increase in off-plan residential projects in emerging areas.
- Growing demand for serviced apartments in business districts.
Active Areas
Old GRANew GRAPeter Odili RoadTrans-AmadiElelenwoWojiD-LineRumuola
Benin City
Key Trends
- Steady rise in rental prices in GRA areas due to limited supply.
- Land banking around Ekenwan and Sapele Road for future development.
- Increased interest in residential estates and gated communities.
Active Areas
GRASapele RoadEkenwan RoadUgbowoAirport RoadRing RoadUpper SokponbaIkpoba Hill
Trending Locations
1
Lekki, Lagos2
Maitama, Abuja3
Old GRA, Port Harcourt4
Gwarinpa, Abuja5
GRA, Benin CityInvestment Focus
Short-let Apartments in Lekki & VI – High ROI due to tourist and business influx.
Land Banking in Benin City – Strategic for long-term investment.
Off-plan Projects in Port Harcourt – Cheaper entry points and high resale potential.
Rental Apartments in Lokogoma, Abuja – Rapid development and affordable housing.
Commercial Property in Trans-Amadi – Ideal for industrial and office development.
Market Comparison
Rent vs Buy analysis across major cities
| Location | Annual Rent | Purchase Price | Strategy |
|---|---|---|---|
Lagos (Lekki) | ₦4,500,000 | ₦95,000,000 | Buy if staying long-term |
Abuja (Gwarinpa) | ₦3,000,000 | ₦85,000,000 | Rent for flexibility |
Port Harcourt (GRA) | ₦3,800,000 | ₦130,000,000 | Buy for capital growth |
Benin (GRA) | ₦2,500,000 | ₦105,000,000 | Buy for steady appreciation |
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