LAGOS, 19 MAY 2015 – The real estate industry in Lagos is booming at a high pace compared to other parts of the country, it is perfectly understandable why people from all walks of life are looking at investing in their own property in the here.
Leading real estate marketplace, Lamudi Nigeria compares prices between the most expensive and cheapest places to buy property in Lagos in 2015.
Egbe – Egbe happens to be one of the cheapest areas in Lagos to buy a property. The average price for a one bedroom apartment cost as low as 3.2 million Naira. Most homeowners in the area turn their properties into chalets, hotels and guest houses to accommodate to tourist who visit The Synagogue Church of All Nations.
Badagry – Badagry has a rich history as it was one of the major areas that was colonised by the British many years ago. It is situated between Metropolitan Lagos. Based on Lamudi Nigeria’s data, it happens to be the cheapest area in Lagos to buy a home. A one bedroom house cost around 1.84 million.
Victoria Island – Victoria Island happens to be one of the most expensive areas in Lagos to buy a home. Being the main business hub of Lagos, it is no wonder why a one bedroom house cost approximately 28.4 million Naira.
Ikoyi – Ikoyi is considered to be the most prestigious neighbourhoods in Lagos with the wealthiest families and communities. According to Lamudi Nigeria, Ikoyi is by far the most expensive place buy property in Lagos. A one bedroom home in Ikoyi is currently being sold at 51.5 million Naira.