Lagos needs no introduction in Nigeria’s real estate world. With an exploding population, improving infrastructure, and a thriving economy, real estate investment in Lagos offers substantial returns.
Whether you’re looking for high-end luxury, commercial properties, or affordable land with growth potential, this guide highlights the top destinations to consider for investment.
Understanding the Lagos Housing Market Dynamics
The property prices in Lagos vary significantly across different locations, but one thing remains constant – the potential for appreciation. For investors seeking to break into Lagos’s real estate space, knowing the best investment spots that provide great value is essential.
In this post, we will walk you through some of the locations in Lagos making waves as the best real estate investment spots in 2025.
Why is Lagos considered a top real estate destination in Nigeria?
In case you are wondering why Lagos is considered a top real estate destination in Nigeria, It is for the following reasons:
- Return on Investment (ROI) – High Rental yields and property appreciation rates.
- Infrastructure & Accessibility – Great Road Network, transport systems, and essential amenities.
- Demand for Housing/Commercial Spaces – High population density and business activities.
- Government Policies & Incentives – Urban development plans, tax incentives, and land ownership security.
- Security & Livability – Safety, quality of life, and access to basic services.
Read Also: https://www.thinkmint.ng/buyrealestate/4-reasons-lagos-tops-nigerias-real-estate-market/
Top Investment Destinations in Lagos
- Victoria Island – Commercial & Business Hub
Victoria Island (VI) is Lagos’ financial center, housing many multinational companies, top hotels, and luxury residences. High office rental income, premium commercial properties, and proximity to business centers. While the prices of properties are always skyrocketing, you are expected to reap the benefits in no time.
Recently, a wave of infrastructural developments has elevated the prestige of Victoria Island to new heights, making it a prime location for property investment opportunities in Lagos.
- Lekki
Lekki, regarded as the fastest-developing prime location in Lagos, has transformed into a high-demand residential and commercial district with modern infrastructure, and continuous development.
In most areas of Lekki, especially Lekki Phase 1, housing prices have gone up! For instance, a two-bedroom home now costs between 70 to 100 million Naira, and bigger houses cost even more. This means people who invest here can make good money.
Many people, both in Nigeria and abroad, are rushing to buy property here because of its nice facilities and comfortable lifestyle.
New fancy housing estates and apartments are being built, along with shopping malls and business centers. This makes the area more attractive to live in. It also has good roads and drainage systems that have made it easier to get around Lekki.
Also, because of its proximity to Victoria Island and Epe, many big companies have opened their offices here, and many others are following suit.
- Epe
Epe is emerging as one of Lagos’ most promising real estate investment destinations. With its affordable land prices, rapid infrastructure development, and government-backed projects, the area is set for significant growth.
Epe presents a golden opportunity for investors looking for high returns at a low entry cost. Key factors driving its appeal include:
- Affordable land prices compared to Lekki and Ibeju-Lekki.
- Rising population and migration trends, increasing housing demand.
- Planned infrastructure projects, including the Lagos Film City, Epe Marina Project, and the expansion of the Lekki-Epe Expressway.
One of the major growth drivers for Epe is its improving road network. The Lekki-Epe Expressway expansion will enhance connectivity to key areas like Lekki, Victoria Island, and Ibeju-Lekki, making commuting easier and boosting property values.
With these developments, Epe is positioning itself as a prime location for long-term real estate investments, making it an ideal choice if you are looking for a long-term appreciation.
4. Ibeju-Lekki
Ibeju-Lekki is home to the largest Petroleum Refinery in Africa, the Dangote Refinery, the Lekki Deep Sea Port, the Lekki International Airport, and The Lekki Free Trade Zone, making it one of the most promising investment locations.
Ibeju Lekki is regarded as the future economic hub of Nigeria. Right now, the prices of land in Ibeju Lekki are quite affordable, starting from 4M, but prices of land in Ibeju Lekki are expected to rise in the coming years due to its high annual value appreciation rate and maturity of the upcoming infrastructure in this region.
If you are interested in investing in this location, ensure you do due diligence to avoid scams.
5. Sangotedo
Sangotedo with popular landmarks like the Lekki Conservation Centre, National Museum, Lagos Motor Boat Club, and Lagos Business School, is becoming one of the most popular areas to buy properties in Lagos, Nigeria.
The value of land and houses in Sangotedo keeps going up. This is because many new buildings are being constructed, and more people want to live there, making it a good place to invest their money.
In 2024, The Lagos State Government spent a lot of money constructing better roads and providing affordable housing. These improvements are making it easier for people to get to and from Sangotedo, and easily access busy areas like Lekki and Victoria Island.
If you want to invest your money, Sangotedo could be a smart choice. As the area keeps growing and more people move there, property investors have a good chance of making money.
- Lagos Mainland
Lagos mainland consisting of Yaba, Anthony, Surulere, Ikeja, and Maryland, is regarded as the top residential area with high demand for rentals in Lagos.
Yaba for instance, is home to big schools like the University of Lagos Yaba College of Technology and several other institutions. It is popularly called “Yabacon Valley” due to its high concentration of many tech startups and companies.
Because there are so many students and tech workers looking for places to live, people who invest in rental properties in Yaba have a good chance of making profits. This mix of tech companies and schools makes Yaba an attractive place for property investors.
Surulere, with a proximity to Yaba, is right in the heart of Lagos. Known for its affordable housing, good road network, serenity, and commercial activity, it is becoming a top choice for young professionals.
Maryland and Anthony are becoming a top spot for living and investing due to their prime location in Lagos.
Located along Ikorodu Road, Maryland, alongside Anthony offers convenient access to both the mainland and the island. This strategic location enables you to enjoy the best of both worlds—urban convenience and suburban tranquility.
In recent times, developments like high-rise buildings, shopping malls, and gated communities have taken shape in these two locations, and with prices of properties expected to rise in 2025, there is no better time to invest than now!
Ikeja, the capital city of Lagos is a high-brow location sprawling with government institutions, and many commercial hubs. Ikeja is a prime real estate destination in Lagos and is well known for its high cost of property. For example, A 4-bedroom apartment in Ikeja GRA can cost anywhere from 300 Million Naira and above.
If you can afford to invest in properties in Ikeja, It is a great place to invest!
In Conclusion
Lagos remains a lucrative destination for real estate investment, offering opportunities across different budget levels. Whether you’re looking for luxury homes in Lekki Phase 1, commercial spaces in VI, or affordable land in Epe or Ibeju-Lekki, there’s something for every investor!
Always make sure you do your research or consult with experts to put you on the right path.
If you are interested in acquiring properties in any other locations mentioned, Thinkmint Nigeria has you covered with one of the best property deals in Lagos! Please check our property listing at www.thinkmint.ng/buyrealestate
If you are interested in a consultation or buying guide, our team of real estate experts is here to help. Kindly send an email to info@thinkmint.ng or contact 0809 784 5065