Research Insights
In our last week’s article titled “Where is Lagos’ next Lekki Phase 1”?, we analysed the factors that drove real estate growth in Lekki Phase 1 and dug deeper to identify emerging locations within Lagos that we can expect to see a similar growth story play out in the future. In this article, we will […]
The GDP report by the National Bureau of Statistics explained that the Real Estate Services and Construction sector jointly contributed 9.40% of Nigeria’s real GDP in Q1 2021. Till date, a large portion of the numbers recorded by the sector typically comes from Lagos. One would expect that with the high commercial real estate activities […]
The Lagos residential real estate market has seen phenomenal growth over the past few decades. With values increasing across all locations, some neighbourhoods, however, have seen a record-level rise in prices and occupancy rates. For instance, our interaction with long-standing agents shows that a plot of land in Lekki Phase 1 now averages over ₦300million in […]
Co-living, as it is widely referred to, is an accommodation model where people from different families and backgrounds operate a shared apartment rental model. In many cases, these people who reside together form new friendship bonds and sometimes even work together. Just think about the possibility of having different people (race, tribe, colour, language) of […]