Beginner's Guide to Real Estate Investment in Lagos and Beyond

Beginner's Guide to Real Estate Investment in Lagos and Beyond

Why Invest in Lagos? 

Lagos is Nigeria's commercial capital and one of Africa's fastest-growing cities. With a population exceeding 20 million, the demand for housing, office space, and short-term rentals continues to surge. From the buzzing neighborhoods of Lekki and Ikoyi to the emerging opportunities in Ibeju-Lekki and Epe, Lagos offers diverse investment opportunities across all budgets. 

Key Benefits: 

- High rental yields 

- Strong demand from a growing population 

- Diaspora interest and global investor attraction 

- Infrastructure developments like the Lekki Deep Sea Port and Dangote Refinery 

Understanding Property Types 

1. Land Investment - Especially in fast-developing areas like Epe, Ibeju-Lekki, and Sangotedo. Ideal for long-term investors. 

2. Apartments & Homes - In high-demand areas like Lekki Phase 1, Ikate, Ikoyi, and Victoria Island. 

3. Shortlet Properties - Great for rental income, especially targeting business travelers and returning diaspora. 

4. Commercial Properties - Offices, warehouses, and retail spaces that serve the growing business needs. 

Avoiding Scams and Buying Safely 

- Work with verified real estate companies 

- Always request for documents: C of O, Deed of Assignment, Survey Plan  

- Visit the property or request a trusted proxy or virtual tour 

- Do a land/title verification through the appropriate Land Registry 

- Use a lawyer and secure official receipt and agreement 

Key Areas to Watch 

1. Ibeju-Lekki: Dubbed the "New Lagos," with major projects like the Free Trade Zone, Deep Sea Port, and Dangote Refinery 

2. Epe: A growing town with infrastructure development and affordable land 

3. Lekki Phase 1 & 2: Established, high-income area 

4. Ajah & Sangotedo: Middle-income residential growth hubs 

Financing and Payment Plans 

- Many developers offer 0-24 months flexible payment plans 

- Diaspora mortgage solutions exist through select banks 

- You can start small and grow gradually - consider land banking 

Working with the Right Partners 

Choose experienced agents or companies with proven track records, especially those who offer: 

- Property inspection coordination 

- Title verification 

- Transparent processes 

- Flexible and diaspora-friendly terms 

Final Thoughts 

Investing in Lagos real estate isn't just about owning property - it's about building generational wealth. 

Whether you're buying your first plot of land or a shortlet apartment, the key is to start smart, stay informed, and work with trusted professionals. 

To get started with a verified, tech-powered real estate company in Nigeria, contact Holyfield Properties & Technology today.