Up & Coming Areas for Real Estate Investment in Nigeria

Nigeria offers incredible opportunities for local and foreign investors. One of the most lucrative industries in this major country has been real estate. Steadily increasing foreign direct investment, fast urbanization, and strong corporate and demographic expansion has contributed to the rapid growth in demand for Nigerian real estate.This is especially true in the country’s bustling commercial hub of Lagos. With the right strategy, process and information, one can gain significant returns from investing in Nigerian real estate. The following are some of the emerging neighborhoods to consider when buying property in Nigeria:

Ajah

Ajah is a neighborhood located in the city of Lagos, which is quickly becoming one of the most popular places to live in the area. There are several reasons why people are choosing to make Ajah their home. The neighborhood is located near the famous Elegushi Beach, one of the most popular beaches in Lagos. This makes it an ideal location for those who enjoy spending time by the water and participating in water sports. Compared to other neighborhoods in Lagos, Ajah offers more affordable housing options, making it a popular choice for families and young professionals. Ajah has good road networks, power and water supply, and other basic amenities, making it a convenient place to live. Furthermore the area is located in the heart of the Lekki-Epe Expressway, one of the fastest-growing areas in Lagos. This makes it attractive for those who want to be close to the city’s bustling economy and numerous employment opportunities. Ajah is home to several supermarkets, banks, and other amenities, making it easy for residents to access everything they need without having to travel far. It is also a well-secured neighborhood with several security checkpoints, which creates a safe environment for families to live.

Lakowe

Lakowe is known for its peaceful atmosphere, making it an ideal location for families and those looking for a more serene living experience. The neighborhood is home to the prestigious Lakowe Lakes Golf and Country Club, which offers its residents access to top-notch amenities such as a golf course, tennis courts, and swimming pool. Lakowe is located close to several other popular neighborhoods in Lagos, making it easy for residents to access all that the city has to offer. The neighborhood is home to several high-end housing estates, and is well suited for those looking for a more upscale living experience. Lakowe has good road networks, and is well known as a great place to live and work in Lagos. There are different types of properties for rent and sale in Lakowe which include lands, flats, bungalows, detached buildings and duplexes.

Sangotedo

Sangotedo, is a neighborhood in Lagos that is experiencing rapid growth in population, residential and commercial activities. Consequently Sangotedo is attracting the attention of politicians and traditional rulers, such as former President Olusegun Obasanjo and the Oba of Lagos who own properties in the area. The area is dotted with notable businesses and landmarks like Blenco Supermarket and Domino’s pizza as well as the Novare mall, one of the biggest malls in Africa, where Shoprite Sangotedo is located. The neighborhood has a beautiful view of the atlantic ocean and it is poised to be the next banana island

The construction of the Coastal Road, beginning from Koko in Delta State and terminating at the Epe/Lekki corridor in Lagos State, adds to the growth and development of the area. The demolition of over 2,500 illegal structures in Marwa Waterside in preparation for the Coastal Road construction further highlights the potential of Sangotedo as a prime real estate destination. With modern infrastructure, top-notch security, and ample opportunities for both residential and commercial activities, Sangotedo is an ideal location for investment in property.

Ikeja

Ikeja, a neighborhood located in Lagos, is a bustling hub of activity, pulsating with energy and offering an irresistible blend of urban excitement and tranquil comfort.  With its prime location, residents of Ikeja have easy access to all the essential amenities, from shopping centers to medical facilities. Furthermore, Ikeja is a center of economic activity in Lagos, with numerous businesses, industries, and job opportunities,which makes it an ideal place for those looking to advance their careers. However, with its blend of residential and commercial areas, Ikeja offers a harmonious balance of work and play that attracts those seeking a more balanced lifestyle. Additionally, Ikeja has a thriving entertainment scene with numerous cinemas, bars, clubs, and restaurants making it a lively and exciting place to call home.

Epe

Epe is a less populated Lagos town located on the north bank of Lekki lagoon, approximately 90km from Ibadan. The district features major educational institutions like Lagos State University, Yaba College of Technology and Michael Otedola College of Primary Education. Because Epe is more affordable than other parts of Lagos, many individuals, families, and organizations are moving to this new smart city. A lot of people choose to invest in Epe land to develop and build property. This is due to the low cost of land and development compared to other areas of Lagos like Ikeja, Agege, and Ojota. The town’s popularity and population growth have also been aided by an increasing workforce. People from many different fields and crafts have chosen to do business there. As an emerging area we can predict a rise in population and economic activity that will lead to high demand for Epe property. Consequently some investors choose to buy land parcels in the area to resell in the future after it has appreciated. 

In conclusion, these emerging  neighborhoods in Nigeria, mostly centered in the nation’s commercial hub Lagos, offer a unique blend of convenience, diversity, commerce, career opportunities and entertainment. Each unique space  presents attractive options for investors looking to leverage property as well as those looking for a new place to call home in Nigeria. Seso Global has the most knowledgeable and capable sales executives that can help you find the best property for your diverse needs.