Is buying flats in Lagos a good investment?

Yes, flats in Lagos are a strong investment due to high rental demand, consistent occupancy rates, and strong capital appreciation in locations like Lekki, Ikate, Ajah, and Ikoyi.

What is the average price of flats in Lekki?

Flats in Lekki range from approximately ₦60 million for mid-range units to over ₦500 million for luxury serviced apartments depending on location and finishing.

Can foreigners buy property in Nigeria?

Yes, foreigners can legally purchase property in Nigeria, including flats in Lagos, provided proper legal documentation and title verification are completed.

Which areas are best for buying flats in Lagos?

Top areas include Lekki Phase 1, Ikate, Ikota, Sangotedo, Ikoyi, Victoria Island, and emerging zones like Ibeju-Lekki.

Do flats in Lagos generate rental income?

Yes, flats in Lagos generate strong rental income, especially in high-demand areas such as Lekki and Ikoyi, where occupancy rates remain high throughout the year.

Is Ibeju-Lekki a good real estate investment location?

Yes, Ibeju-Lekki is one of the fastest-growing investment corridors in Lagos due to infrastructure projects like the Lekki Deep Sea Port and Dangote Refinery.