Irrespective of whether you love Lagos for the opportunities that it presents or you disdain the city for its hustle and bustle, you cannot but agree with the fact that Lagos is still king in the Nigerian real estate market. Not many cities in Nigeria could boast of a vibrant real estate market where the average price of housing units for middle-income earners is between 25 million and 35 million Naira.
As at 2011, more than 14 million people called Lagos home to mark an impressive rate of population growth in a city that had 1.4 million inhabitants as at 1970. Interestingly, an additional 600,000 people settle in Lagos every year as Lagos continues on the path to becoming the seventh largest urban area in the world by 2020 (Nigerian Bulletin, 2016). Hence, the real estate market in Lagos has enticing short, medium and long-term prospects.
If you want to invest in the Lagos real estate market, you should consider going for residential and commercial properties in a neighborhood that can accommodate your investment budget. Place like Lekki is a great real estate investment hub for investors in the middle strata of the investing spectrum. If you are higher up on the investment strata, you might want to explore the possibilities for investing in the Eko Atlantic City or other waterside properties around the emerging metropolitan.
Recently, the Governor of Lagos State has signed Properties Protection. The Properties Protection Law seeks to reduce to the barest minimum the activities of persons or corporate entities that use force and intimidation to dispossess or prevent any person or entity from acquiring legitimate interest and possession of property acquired through State Government or Private transactions. The law will also ensure the Special Task Force on Land Grabbers set up by the Governor to work with all security agencies to ensure enforcement of State Government and Private Property rights in the State and ensure proper coordination of the efforts of the various agencies of government charged with enforcing the State Government’s right over land in Lagos. The Law will also disallow anyone forcefully collecting money for foundation, roofing and fencing among others.
If you are still doubting whether to invest in Lagos or not, clear the doubt now!
Our lands have standard documentations and global C of O, free from disturbance from Omo Onile.
For more information on our properties, visit: http://www.vafiero.com or call 08072579047, 014531189. Your investment with us is SAFE.