Demand

High demand for residential and commercial properties due to urbanization and economic activity.

Hotspots

• Lekki, Ikoyi, Victoria Island (VI): Prime locations with high-end apartments and luxury estates.
• Mainland (Surulere, Yaba, Gbagada): More affordable with growing infrastructure.
• Epe & Ibeju-Lekki: Emerging areas due to the Lekki Free Trade Zone and Dangote Refinery.

Trends

• Rising demand for gated communities and smart homes.
• Shortage of affordable housing pushing development to outskirts (e.g., Ikorodu, Badagry).
• High rental yields (5-10%) in business districts.

Challenges

• High land costs & bureaucratic hurdles.
• Traffic congestion affecting property value in some areas.