🏡 Residence Spotter Blog

📈 Market Trends in Major Nigerian Cities

Lagos

  • Rising demand in the Lekki–Ajah axis due to rapid development.
  • Increased short-let listings in Victoria Island and Ikoyi.

Top Locations: Lekki Phase 1, Ikoyi, Victoria Island, Ajah, Yaba

Abuja (FCT)

  • High rental yields in central districts.
  • Growing interest in satellite towns due to affordability.

Top Locations: Gwarinpa, Wuse 2, Maitama, Lokogoma, Jabi

Port Harcourt

  • Commercial property surge around Trans-Amadi and GRA.
  • Increase in off-plan residential projects.

Top Locations: Old GRA, Peter Odili Road, Trans-Amadi, Elelenwo, Woji

Benin City

  • Steady rise in rental prices in GRA areas.
  • Land banking around Ekenwan and Sapele Road.

Top Locations: GRA, Sapele Road, Ekenwan Road, Ugbowo, Airport Road

🌍 Top 5 Trending Cities/Areas (Q2 2025)

  1. Lekki, Lagos
  2. Maitama, Abuja
  3. Old GRA, Port Harcourt
  4. Gwarinpa, Abuja
  5. GRA, Benin City

💡 Investment Opportunities

  • 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.

🏘️ Rent vs. Buy Analysis (Q2 2025)

CityAvg. Monthly RentAvg. Sale PriceRecommendation
Lagos (Lekki)₦1,500,000₦65,000,000Buy if staying long-term
Abuja (Gwarinpa)₦850,000₦35,000,000Rent for flexibility
Port Harcourt (GRA)₦1,200,000₦50,000,000Buy for capital growth
Benin (GRA)₦700,000₦25,000,000Buy for steady appreciation

💡 Tip: Buying is ideal if you plan to stay 5+ years or are seeking rental income. Renting offers flexibility if relocating frequently.

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