The Hottest Market for Real Estate in Lagos

Investing in real estate is one of the most lucrative businesses in Nigeria after oil and gas. With Lagos being the most populous and urbanized city in Nigeria, there is a huge demand for housing and commercial properties, thereby making Lagos a profitable real estate hub. 

The city, of Lagos, holds a principal position in real estate investment opportunities. Buying properties in Lagos is good but buying properties in certain areas is better and sure to fetch you a fortune. This article aims to bring to you the list of hottest markets for real estate in Lagos.

Top Places to Buy Properties in Lagos

Properties that are well located in some areas in Lagos tend to be in high demand and this could assure real investors that their returns on these investments would be high.

Eko-Atlantic

Eko Atlantic is a goldmine when it comes to investing in real estate in Lagos. Eko-Atlantic tops the list of high-end property development hubs. Its grand architecture and designs, commercial and residential developments, have made it an indisputable generator of wealth-amassing opportunities. Investors looking to invest here are always offered mouth-watering luxurious residential deals and advised to become stakeholders in the Eko-Atlantic Metropolis to amass wealth. Investing here is definitely capital-intensive but the yields on returns are undoubtedly huge.

Victoria Island

Victoria Island, the elite hub of real estate in Lagos is a diplomatic center that houses consulates and foreign embassies in the country making it a place of affluence and class. Victoria Island is home to many expatriates and top officials in the state. There are massive gains for investors who are willing to take a dive into Victoria Island's real estate. The luxury properties come with high price tags but it is worth it and it is a game-changer for investors.

Ibeju-Lekki

Investing in Lekki real estate could yield you high returns as an investor because Lekki is a developing area known for upscale properties for residential purposes. There is a blueprint planned for Lekki city and the actualization of this would bring about more commercial activities in areas like Ibeju-Lekki. In fact, Ibeju-Lekki is expected to become a central place for businesses like manufacturing and warehousing. So, this is one hot spot where real estate investors are often advised to invest in and get back huge returns. Investing in ibeju-Lekki is the right investment decision anyone can make in the next few years.

Sangotedo

Sangotedo is another hot hub for real estate investment. It is about ten minutes drive from Ajah and it is flanked by Novare mall, one of the biggest malls in Nigeria in terms of landmarks. Novare Mall houses popular retail malls in Nigeria. Some real estate companies knowing the gains involved in acquiring properties in areas like this have invested heavily. Sangotedo is a promising real estate hub that has provided and is still providing steady sources of income from residential properties.

Ajah

Ajah is another destination in Lagos undergoing rapid development. Ajah which is more affordable than its neighboring areas has also won the hearts of many real estate investors with its reasonably affordable property prices, Ajah is fast becoming a haven for developers who develop beautiful homes at an incredible pace. Compared to Lekki, Ajah makes sense for investors who wish to buy premium houses without paying the price of what a similar property would cost in nearby Lekki.

Ikoyi

Ikoyi is one of the high-end areas in Lagos and properties in this area cost about hundreds of million to billions. Ikoyi plays a host to many luxury homes and luxury homes do not stay long in the market and this is a selling point to many real estate investors. Ikoyi has high property values that real estate investors should hold on to it so tight because a high return on investment is assured.

Yaba

Yaba is another hot real estate destination on the mainland. Yaba houses top tertiary institutions making student housing a hotcake for investors. Real estate investors have over the years taken advantage of this and have been building and buying apartments and hostels for students’ accommodation. Imagine the gains of owning multiple hostel accommodations in Yaba. This destination also plays host to big markets and shopping complexes and so a lot of investors are purchasing old buildings and developing them into modern buildings.

Conclusion

In conclusion, there are many mouth-watering opportunities in the real estate business sector as long as you do thorough research before investing in any area. The real estate business in Lagos appreciates in value over time so this offers investors high returns on their investments.  Do not invest in a place without any market value just because it is cheap. Know where to put your money and you are sure to get high rates of returns in this line of business.