By Blessing Clement

Lagos, Nigeria's most populous city and a key economic centre in West Africa, boasts a vibrant real estate market offering a diverse array of properties.

1. Variety of Properties:

• Detached Duplexes: Standalone residences with generous space and often featuring a private compound.
• Semi-detached Duplexes: Similar to detached duplexes but sharing a common wall with another unit.
• Detached Bungalows: Single-story homes typically accompanied by a garden or yard.
• Semi-detached Bungalows: Like detached bungalows but sharing a wall with another unit.
• Terraced Bungalows: Row houses characterized by shared walls.
• Terraced Duplexes: Multi-story townhouses with adjoining walls.
• Block of Flats: Apartment complexes offering multiple units.

2. Prominent Neighbourhoods:

• Lekki: Renowned for its upscale communities, luxury estates, and picturesque waterfront properties.
• Ikoyi: An affluent district featuring high-end residential and commercial real estate.
• Victoria Island (VI): A premier location for luxurious apartments and prime commercial properties.
• Surulere: A bustling area offering a blend of residential and commercial real estate options.

3. Price Range:

• The average listing price for houses in Lagos is approximately ₦140,000,000, spanning from ₦22,900,000 to ₦1,500,000,000¹.
• For instance, luxury properties in Lekki Phase 1 may command around ₦400 million for a 4-bedroom maisonette.

4. Investment Opportunities:

• Lagos' real estate market presents enticing investment prospects fuelled by population growth and urbanization trends.
• Consider exploring leaseback arrangements for potentially lucrative investment avenues.

5. Amenities and Features:

• Modern amenities such as smart home automation, water treatment facilities, and boreholes.
• Well-appointed kitchens, ensuite bedrooms, and expansive terraces enhance the living experience.
• Recreational facilities like swimming pools, fitness centres, and round-the-clock security further elevate the appeal of properties.

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Lagos State, Nigeria, epitomizes a dynamic real estate landscape, offering a plethora of property types to cater to diverse preferences. From detached duplexes to luxurious apartments, the market showcases an array of options. Key neighborhoods like Lekki, Ikoyi, Victoria Island, and Surulere each have distinct characteristics, attracting both residential and commercial interests. With average prices ranging from millions to billions of Naira, Lagos' real estate market accommodates various budgets. Moreover, the city's rapid urbanization and population growth underscore its promising investment potential. Modern amenities and top-notch facilities further enhance the appeal of properties, making Lagos a compelling destination for real estate investment and living.

Properties for sale in Lagos State

For Sale: 4-bedroom fully detached duplex with a room BQ

For Sale: Land plots starting from 300 sqm

For Sale: Whiterose Cullinan Garden 4-Bedroom Apartment

For Sale: Residential and commercial plots of lands

For Sale: Your Dream Property Awaits at Goldstone Extension