Your 2025 Guide to Buying Apartments and Penthouses in Lagos
The Lagos property market moves fast, and buyers who understand what each unit type offers make better decisions. This guide breaks down the main options you will see on the market today, from one bedroom apartments to large penthouses in Ikoyi, Victoria Island, Lekki Phase 1 and Oniru.
If you are searching for apartments for sale in Lagos, this page gives you a clear picture of what fits your lifestyle, your budget and your long term plans. It also shows you what to expect in each location, how prices behave, and what to look out for before you commit.
The goal is simple. Give you a useful guide that feels practical, not sales driven. A guide you can read, understand and use immediately. Whether you want a starter apartment, a family home, an investment unit or a premium penthouse, you will find the right direction here.
How to Choose the Right Unit Type in Lagos
Choosing the right property in Lagos goes beyond the number of bedrooms. Your lifestyle, your budget and your reason for buying all shape the type of unit that will serve you well. Some buyers need space and privacy. Others want rental income. Some want prestige and long term value. This section gives you a simple way to understand what suits you before you start viewing homes.
Your Budget and Your Lifestyle
Your budget sets the direction, but your lifestyle decides the final choice. If you spend most of your time at work or travel often, a one bedroom or two bedroom apartment is easier to maintain. If you have a growing family or you want a home that feels like a long term base, three bedroom units, terraces, maisonettes and duplexes give more freedom and better comfort.
If you want status, privacy or a home that feels like a statement, penthouses in Ikoyi, Victoria Island or Oniru work better. They cost more, but they hold value and attract the kind of buyers who look for exclusivity.
Apartments in Lagos vary widely in size, finish and layout. Knowing your daily routine helps you avoid choosing a space that feels either cramped or underused.
Buying for Investment vs Personal Use
If you are buying for investment, focus on unit types with predictable rental demand. One bedroom and two bedroom apartments in Lekki Phase 1, Oniru and Victoria Island perform well. They stay occupied, move quickly in the short let market and appreciate steadily.
If you are buying for personal use, the story changes. You need good layouts, strong facility management, reasonable service charges and a location that fits your lifestyle. A slightly larger unit may cost more, but it improves daily comfort and holds its value better over time.
Investors usually compare returns on one and two bedroom units. Homeowners look at long term satisfaction with three bedrooms, maisonettes, duplexes and terraces. Knowing your reason for buying keeps you from getting distracted by options that look attractive but do not serve your goals.
Location Priorities
Location is the biggest driver of price and long term value in Lagos. Ikoyi delivers prestige and privacy. Victoria Island gives fast access to banks, offices and major roads. Lekki Phase 1 offers a balanced lifestyle with good demand from both families and young professionals. Oniru delivers some of the strongest rental returns because it sits between VI and Lekki.
Each location attracts a different kind of buyer. If you want luxury and long term appreciation, Ikoyi is the strongest choice. If you want convenience and a central address, Victoria Island works. If you want steady demand and a good balance of lifestyle and investment potential, Lekki Phase 1 and Oniru are ideal.
Choosing the right area before choosing the unit type saves time and reduces risk. The same apartment type behaves differently depending on the location.
1 Bedroom Apartment for Sale in Lagos
One bedroom apartments are one of the most flexible property types you can buy in Lagos. They work for investors, young professionals and anyone who wants an easy entry point into the market. Demand stays steady because they are affordable, efficient and simple to maintain.
Who a 1 Bedroom Apartment Suits
A one bedroom apartment fits buyers who want a low maintenance home. It works for people who spend most of their time at work or in transit. It also suits investors who want short let income or long term rental stability. In areas like Lekki Phase 1, Oniru and Victoria Island, one bedroom units are rarely vacant because they serve a wide range of tenants.
Typical Sizes and Layouts
Most one bedroom apartments in Lagos fall between 55 and 75 sqm. The layout usually includes a living area, a fitted kitchen, an ensuite bedroom and a small balcony. Premium buildings sometimes add better lighting, stronger facility management and improved sound insulation.
Price Ranges Across Key Locations
Prices vary by area, finishing and building quality.
Here is a clear view of what to expect:
- Lekki Phase 1: Mid to upper mid range pricing
- Oniru: Mid range but strong rental demand
- Victoria Island: Higher pricing due to central location
- Ikoyi: Limited supply and premium pricing
These ranges shift with market conditions, but the pattern stays consistent. One bedroom apartments in high demand areas appreciate well because supply is limited and turnover is fast.
Investment Performance
One bedroom apartments are popular for investors because they work for both short let and long term rental markets. They also tend to sell quickly when you want to exit. If your goal is rental income with minimal vacancy, this is one of the safest choices.
What to Look Out For
When inspecting a one bedroom apartment, focus on the following:
- Quality of fittings
- Size of the living area
- Security and access control
- Water pressure
- Service charge and facility management
- Proximity to major roads
These details affect rental demand and day to day comfort.
If you want verified available one bedroom apartments for sale in Lagos, tell me your preferred location and I will send options that match your budget.
2 Bedroom Apartment for Sale in Lagos
Two bedroom apartments are one of the strongest property categories in Lagos. They appeal to small families, professionals who want more space, and investors who want predictable demand. If you want a property that balances comfort, rental value and appreciation, a two bedroom apartment is a reliable choice.
Why Two Bedroom Apartments Stay in Demand
A two bedroom apartment gives enough space for comfortable living without the higher costs of larger units. Tenants like the extra room for guests, children or a home office. Investors like that two bedroom units attract long term tenants and deliver consistent occupancy in areas like Lekki Phase 1, Oniru and Victoria Island.
Demand stays steady because the audience is wide. Young couples, small families, executives and short let guests all look for this category, which makes it easier to rent out or resell.
Price Ranges by Location
Here is what you can expect across key areas:
- Lekki Phase 1: Strong mid to upper mid range pricing
- Oniru: Slightly higher than Lekki but supported by good rental returns
- Victoria Island: Higher pricing due to central commercial activity
- Ikoyi: Premium pricing with limited supply
Prices depend on finishing, building age, amenities and road access, but the demand pattern is consistent across the city.
Common Layouts and Features
A typical two bedroom apartment ranges from 90 to 140 sqm. Most layouts include a sizeable living room, ensuite bedrooms, a fitted kitchen, storage space and a balcony. Premium buildings may offer a swimming pool, gym, backup power, access control and dedicated parking.
Buyers should check how the bedrooms are positioned. Units with good cross ventilation, natural lighting and wide living areas feel more comfortable and retain value better.
Mistakes Buyers Make With Two Bedroom Units
A few common issues to avoid:
- Choosing a unit based only on the building exterior
- Ignoring service charge costs
- Overlooking parking allocation
- Not checking the water supply and pressure
- Ignoring the long term rental demand in that area
A two bedroom apartment is easy to rent out, but only if the building is well managed and the layout is practical.
If you want current verified two bedroom apartments for sale in Lagos, tell me the location you prefer and I will share matching options.
3 Bedroom Apartment for Sale in Lagos
Three bedroom apartments remain one of the most sought after property types in Lagos. They appeal to families, professionals who want more breathing room, and buyers upgrading from smaller units. If you want a home that balances comfort, space and strong resale value, a three bedroom apartment is a dependable choice.
Why Three Bedroom Apartments Are the Most Requested
A three bedroom apartment offers enough space for real living. Families get privacy, guests have their own room, and working professionals can convert an extra room into an office. The demand cuts across many lifestyles, which keeps this category strong even in slow markets.
Another reason they remain popular is resale confidence. Buyers know that a well located three bedroom unit is always in demand, which makes it easier to exit when needed. In areas like Ikoyi, Victoria Island, Oniru and Lekki Phase 1, three bedroom apartments consistently attract serious buyers.
Typical Layouts and Amenities
Most three bedroom apartments in Lagos fall between 150 and 220 sqm. Expect a wide living room, a dining area, a fully fitted kitchen, ensuite bedrooms and a guest toilet. Good buildings also provide:
- Dedicated parking
- Standard finishing
- Quality sanitary fittings
- Good ceiling height
- Proper ventilation
- Backup power
Premium developments often include a pool, gym, security access control, facility management offices and rooftop or shared lounges.
The difference between an average and a strong three bedroom unit usually shows in the layout. Wide living areas, good natural lighting and a well-designed kitchen improve the experience and long term value.
What Buyers Should Check Before Choosing
Three bedroom apartments look similar on paper but differ a lot in quality. Before deciding, check:
- Size of the living area
- Quality of internal doors and fittings
- Number of parking bays per unit
- Water treatment system
- Road access to the building
- Service charge expectations
- Strength of facility management
- Generator capacity and power stability
These details determine comfort and long term cost.
In areas like Ikoyi or VI, also check the building’s structural reputation and how well the common areas are maintained. Poor management reduces value quickly.
Price Expectations by Location
Here is the general pattern across the city:
- Ikoyi: High to ultra high pricing with very strong appreciation
- Victoria Island: Upper mid to high pricing depending on the development
- Oniru: Strong mid to upper mid pricing with good rental demand
- Lekki Phase 1: Mid to upper mid depending on finishing and road access
Prices shift with market conditions, but the demand and hierarchy remain consistent.
If you want verified three bedroom apartments for sale in Lagos, tell me your preferred areas and I will share available units that fit your budget.
4 Bedroom Duplex for Sale in Lagos
A four bedroom duplex is the right choice for buyers who want privacy, space and a home that feels like a long term base. Duplexes offer a lifestyle that apartments cannot match. They work well for families, buyers who value separation between living and sleeping areas, and anyone who wants a property that grows with them.
Who the Duplex Lifestyle Suits
A duplex suits buyers who want more control over their space. If you prefer having bedrooms upstairs and living areas downstairs, or you want a layout that feels like a standalone home, a duplex fits that need. Families with children also prefer duplexes because the separation makes daily life easier.
It also appeals to buyers who do not want the density of high rise living. You get fewer neighbours, more privacy and often more compound space than you would in a standard apartment building.
Price Brackets and Common Locations
Four bedroom duplexes appear across many parts of Lagos, but the most consistent areas are:
- Lekki Phase 1: Mid to upper mid range pricing
- Chevron: Mid range with good value for space
- Osapa: Strong mid range with high supply
- Ikota: More affordable options for buyers on a budget
- Ikoyi and Victoria Island: Premium pricing with limited supply
Prices depend on land size, finishing, parking, road quality and developer reputation. Duplexes close to major roads or inside gated estates tend to appreciate faster.
Duplex Advantages vs Maisonette Advantages
Both duplexes and maisonettes offer multi level living, but each serves a different kind of buyer.
A duplex is better if you want:
- A house with more privacy
- Ground level access
- A bigger compound or parking space
- Fewer neighbours
- A more traditional home feel
A maisonette is better if you want:
- Multi level living inside a shared building
- A premium finish without managing land
- Better security and facility management
- A luxury style layout without the cost of a standalone house
This comparison helps buyers avoid choosing based only on price. Lifestyle matters just as much.
What to Check Before Buying a Duplex
Inspect the following:
- Size and layout of the living room
- Parking allocation
- Quality of internal finishing
- Staircase position and width
- Water treatment system
- Drainage and road access
- Service charge expectations
- Generator and power supply setup
These details affect livability and long term maintenance.
If you want verified four bedroom duplex options for sale in Lagos, tell me your preferred area and budget. I will share the available units that match your criteria.
4 Bedroom Maisonette for Sale in Lagos
A four bedroom maisonette gives you the comfort of a duplex inside a managed apartment building. It is one of the most attractive property types for buyers who want space, privacy and a premium lifestyle without the responsibilities that come with managing land. Maisonettes are popular in Ikoyi, Victoria Island and Lekki Phase 1 because they offer a modern layout and a strong mix of comfort and status.
What Makes Maisonettes Unique
A maisonette is a multi level apartment inside a larger development. You get two floors, high ceilings and a wide living area, but you also get the benefits of a shared building such as tighter security, facility management and amenities.
This creates a hybrid living style. You enjoy more space than a flat but avoid the maintenance burden that comes with a standalone duplex. For many upwardly mobile buyers, a maisonette delivers the right balance.
Why Buyers Choose Maisonettes Over Standard Apartments
Maisonettes feel more like homes. The double level layout separates privacy from entertainment, which improves comfort. The living room can sit on one floor while the bedrooms sit on another, giving the space a natural flow.
Buyers also prefer maisonettes when they want something that stands out. The layout feels more premium, and the sense of openness appeals to people who want a home with character.
Investors like maisonettes because tenants looking for premium rentals often choose them over standard apartments. This improves rental yield and occupancy in the right locations.
Price Ranges and Typical Floor Plans
Here is what to expect across the main areas:
- Ikoyi: Premium pricing with modern layouts and strong appreciation
- Victoria Island: Upper mid to premium pricing depending on the building
- Lekki Phase 1: Mid to upper mid pricing with solid demand
Most four bedroom maisonettes range from 220 to 300 sqm. Expect large living rooms, ensuite bedrooms, a fitted kitchen, a guest toilet and a staircase that connects both floors. Premium buildings may add a private lounge, better lighting, a gym and a swimming pool.
Because maisonettes sit inside managed estates, factor in service charges. They tend to be higher than standard apartments but contribute to better maintenance and security.
What to Check Before Buying a Maisonette
To avoid future issues, confirm:
- Staircase safety and width
- Ventilation on both floors
- Water pressure across levels
- Parking allocation
- Power supply capacity
- Quality of finishing
- Noise levels between units
- Service charge structure
Maisonettes are premium, but the building management determines long term comfort.
If you want verified four bedroom maisonettes for sale in Lagos, tell me the exact location you prefer and I will send you the current available units.
4 Bedroom Terrace for Sale in Lagos
A four bedroom terrace is one of the most practical family-friendly home types in Lagos. Terraces offer good space, private entrances and a comfortable layout at a more accessible price point compared to duplexes or maisonettes. They are popular in Lekki Phase 1, Chevron, Osapa and Ikota because they deliver strong value for the size you get.
Who Terraces Are Best For
A terrace suits buyers who want a functional home inside a gated community. Families like terraces because they offer multiple rooms, straightforward layouts and enough living space without the cost of a standalone property. They also appeal to buyers who want neighbours close by but still want their own dedicated entrance and parking.
If you want a home that feels comfortable, secure and easy to run, a terrace fits that lifestyle.
Gated Community Benefits
Most terraces sit inside gated estates, which comes with clear advantages:
- Controlled access
- Better security
- Cleaner surroundings
- Uniform building aesthetics
- Shared facilities such as a play area or small gym
- Predictable maintenance through service charges
These benefits help terraces hold their value and attract long term tenants.
Expected Sizes and Pricing
Terraces in Lagos usually range between 220 and 280 sqm. Layouts typically include:
- A living room
- A dining area
- A fitted kitchen
- Four ensuite bedrooms
- A guest toilet
- Parking for at least two cars
Pricing depends heavily on the area:
- Lekki Phase 1: Upper mid range
- Chevron: Mid range with consistent demand
- Osapa and Ikota: More affordable options
- Ikoyi or VI: Limited supply at premium pricing
Terraces remain a popular choice because they deliver space at a lower cost than duplexes or maisonettes.
What to Check Before Buying a Terrace
Inspect the following to avoid long term issues:
- Drainage around the estate
- Access roads and traffic flow
- Quality of internal finishing
- Water treatment system
- Parking space allocation
- Space between units for privacy
- Service charge structure
- Power supply setup
These details determine how comfortable and cost efficient the home will be.
If you want verified four bedroom terraces for sale in Lagos, tell me the location you prefer and I will share available units that match your budget.
5 Bedroom Penthouse for Sale in Lagos
A five bedroom penthouse is one of the most exclusive property types in Lagos. It delivers privacy, space and a lifestyle that feels elevated above the city. Buyers who choose penthouses are usually people who value status, comfort and views that standard apartments cannot offer. In Ikoyi, Victoria Island and Oniru, penthouses attract serious demand because supply is limited and appreciation is strong.
What Defines a True Penthouse
A true penthouse sits at the top of a building and offers features that set it apart from regular units. Expect:
- Wide open living spaces
- Full height windows
- Large terraces
- Premium finishing
- High ceilings
- Better privacy
- Exclusive access or reduced foot traffic
The goal is not just space. It is a sense of freedom, better air, better light and a layout that feels like a home in the sky.
Lifestyle Advantages
A penthouse gives you more than just bedrooms. You get a living experience that feels private and calm even in the busiest parts of Lagos. Large terraces allow outdoor dining, relaxation and views that make the home feel bigger than its internal size.
Many penthouses also offer:
- Private lift access
- Rooftop lounges
- Better sound insulation
- Upgraded fittings
- Stronger facility management
For buyers who want luxury without the complications of managing a standalone home, a penthouse delivers that balance.
Price Expectations Across Prime Areas
Here is what to expect across key high end locations:
- Ikoyi: Premium to ultra premium pricing with the strongest appreciation in the market
- Victoria Island: Upper mid to premium pricing depending on the building age and amenities
- Oniru: Mid to upper mid pricing with fast demand from professionals and investors
Penthouses cost more because they offer what most buildings cannot replicate: height, views, privacy and rarity. Once sold, they are rarely available again.
What to Check Before Buying a Penthouse
Because penthouses sit at the top of the building, inspect the following carefully:
- Water pressure on upper floors
- Lift capacity and backup options
- Terrace waterproofing
- Noise insulation
- Generator capacity and power setup
- Strength of the building structure
- Quality of the facility management company
- Service charge expectations
These details matter more at the top of the building than anywhere else.
If you want verified five bedroom penthouses for sale in Lagos, tell me your preferred area and I will share current available units that match your criteria.
6 Bedroom Penthouse for Sale in Lagos
A six bedroom penthouse sits at the highest level of luxury in Lagos real estate. This category is rare, expensive and designed for buyers who want full privacy, space and exclusivity. These units are usually found in only a few buildings in Ikoyi and select parts of Victoria Island. Because supply is extremely limited, six bedroom penthouses often appreciate faster and attract only serious, ultra premium buyers.
Why Six Bedroom Penthouses Are Rare
Developers rarely build six bedroom penthouses because they require more floor space, stronger structural planning and a market segment that is willing to pay for exclusivity. Only a few buildings in Lagos can support the layout, the size and the premium finishing required for this category.
This rarity is what makes them valuable. When a six bedroom penthouse becomes available, it usually attracts attention quickly because there are only a handful in the entire city.
Features That Justify the Price
Expect significantly more than what a standard penthouse offers. A true six bedroom penthouse usually includes:
- Multiple living rooms
- A large private terrace
- Full height windows
- High ceilings
- Ensuite bedrooms
- A private study
- A premium fitted kitchen and secondary kitchen
- Private lift access
- Strong facility management
- Better privacy due to fewer neighbouring units
This category is built for buyers who value status, comfort and space that feels expansive and controlled.
Locations Where You Can Find Six Bedroom Penthouses
Only a few parts of Lagos offer this level of property:
- Ikoyi: The strongest location for ultra premium penthouses. Limited supply and strong long term value.
- Victoria Island: Select buildings offer large penthouses but at slightly lower pricing than Ikoyi.
- Oniru: Very rare, but emerging developments may offer large penthouses in the future.
Because supply is tight, buyers usually explore off market options or developer-direct listings.
What to Check Before Buying a Six Bedroom Penthouse
Buyers in this category want perfection, so inspection must be detailed:
- Structural quality and building reputation
- Lift redundancy and emergency backup
- Terrace waterproofing and drainage
- Ceiling height and natural light
- Water pressure on upper floors
- Parking allocation
- Security and access control
- Service charge structure
- Quality of facility management
These factors determine whether the property delivers the premium lifestyle expected at this level.
If you want verified six bedroom penthouses for sale in Lagos, tell me your preferred location and I will send you the available options that meet your standards.
Off Plan vs Completed Apartments in Lagos
Choosing between an off plan apartment and a completed unit is one of the biggest decisions buyers make in the Lagos property market. Both options have clear advantages, and the right choice depends on your timeline, your budget and your risk tolerance. This section breaks down what each option offers so you can choose confidently.
Benefits of Buying Off Plan Apartments in Lagos
Off plan units allow you to buy a property while it is still under construction. Buyers choose this route for several reasons:
Lower Entry Price:
Off plan properties usually cost less than completed ones, giving you better value for money and stronger appreciation potential once the project is finished.
Flexible Payment Plans:
Developers often offer structured payment plans that spread the cost over the construction period. This makes off plan purchases more manageable for buyers who want to avoid paying everything upfront.
Early Access to the Best Units:
When you buy early, you can choose better floors, better views and better layouts before other buyers enter the market.
Strong Appreciation:
Once completed, off plan apartments usually increase in value, especially in areas like Ikoyi, Victoria Island and Lekki Phase 1.
Risks to Consider When Buying Off Plan
Off plan purchases come with some risks, and you should be aware of them:
- Delays in construction
- Changes to the original layout
- Developer cash flow issues
- Inconsistent finishing quality
- Higher uncertainty if the developer is inexperienced
These risks make it important to verify the developer’s record, reputation and previous projects before paying.
Benefits of Buying Completed Apartments in Lagos
Completed apartments give you clarity and immediate possession. Buyers choose completed units because:
You See What You Are Buying:
No surprises. You can inspect the exact layout, finishing, size and quality before paying.
Immediate Move In or Rental:
You can move in or rent the apartment out as soon as payment is completed. This is ideal for buyers who want quick returns.
Lower Risk:
Completed units have no construction uncertainty. You know exactly what you are getting.
Faster Valuation and Financing:
Banks and lenders prefer completed properties for mortgage processing.
Which Option Is Better for You
Buy off plan if you want:
- Appreciation potential
- Flexible payment plans
- Early access to premium unit positions
- Better pricing
Buy completed if you want:
- Immediate possession
- Zero construction risk
- Clear visibility on quality
- Instant rental income
Both options work well if chosen carefully. The right choice depends on your personal needs and how soon you want to use the property.
If you want advice on whether an off plan or completed apartment suits your goals, tell me your budget and preferred location. I will guide you based on your timeline and what the market currently offers.
What to Inspect Before Buying an Apartment in Lagos
Before you commit to any apartment in Lagos, you need to verify the details that affect long term comfort, safety and cost. Many properties look impressive at first glance, but inspection helps you see the reality behind the finishing. This checklist protects your investment and helps you avoid unexpected problems after purchase.
Title and Documentation
The title is the foundation of any property purchase. Confirm:
- Type of title
- Land ownership history
- Any pending disputes
- Verification through a legal professional
Strong documentation protects you from legal issues later.
Developer Reputation
A building is only as good as the developer behind it. Check:
- Past projects
- Quality consistency
- Delivery timelines
- Feedback from previous buyers
- Structural reliability
A developer with a solid track record reduces your risk.
Internal Finishing and Materials
Inspect:
- Door quality
- Tiling
- Plumbing
- Wardrobes and cabinets
- Kitchen fittings
- Electrical wiring
- Bathroom fixtures
Cheap finishing leads to expensive repairs.
Water Supply and Treatment
Confirm:
- Water pressure
- Treatment system
- Borehole depth
- Backup storage
Poor water quality reduces comfort and rental demand.
Power Supply Setup
Check:
- Generator capacity
- Hours of guaranteed power
- Metering system
- Backup systems
- Solar or inverter support
Power stability affects service charges and value.
Facility Management
Strong management matters. Look for:
- On-site management
- Maintenance schedule
- Clean common areas
- CCTV and security measures
- Waste management
Good management protects long term value.
Parking and Traffic Flow
Confirm:
- Parking per unit
- Visitor parking
- Access flow
- Traffic pattern in and out of the estate
Good parking improves convenience and livability.
Noise Level and Neighbour Density
Check:
- Sound insulation
- Generator noise
- Proximity to main roads
- Density of units
Quiet buildings attract better tenants.
Drainage and Road Access
Inspect:
- Drainage channels
- Road condition
- Flood history
Poor drainage reduces value and comfort.
Service Charge Structure
Confirm:
- What the fee covers
- Transparency
- Frequency of increases
A fair service charge system is important for long term budgeting.
If you want a full guided checklist for any apartment you are considering, tell me the location and I will help you review the details before you make a decision.
Lagos Property Market Snapshot for 2025
The Lagos property market in 2025 is shaped by strong demand, limited supply in prime areas and rising interest in mid to premium apartments. Buyers are more selective, developers are more focused on quality, and the gap between well managed buildings and poorly managed ones is wider than ever. Understanding these trends helps you make a smarter decision.
Demand Is Highest for Practical Unit Types
Two bedroom and three bedroom apartments remain the fastest moving categories across the city. They attract families, professionals and investors, which keeps occupancy levels high. Maisonettes and terraces also perform well because buyers want more space without paying for a standalone home.
In the luxury segment, penthouses in Ikoyi and Victoria Island continue to draw attention because supply is extremely limited. Once a penthouse sells, it rarely comes back to the market.
Supply Is Tight in Prime Locations
Ikoyi has the lowest supply of quality apartments, which keeps prices high and appreciation steady. Victoria Island also faces limited new stock because available land is scarce. Oniru and Lekki Phase 1 offer more activity, but high quality units still sell out quickly.
Developers are focusing more on mid rise and high rise buildings because land prices keep rising. This shift has increased interest in maisonettes and premium apartments within managed estates.
Prices Are Rising but Differ by Category
Prices in Ikoyi and VI continue to climb because construction costs are rising and demand for premium homes is consistent. Mid market areas like Lekki Phase 1 and Oniru show stable growth supported by young professionals and rental demand.
The strongest appreciation is happening in:
- Well located two bedroom and three bedroom units
- Premium maisonettes in managed estates
- Penthouses with good terraces and views
Poorly managed buildings and units with bad access roads are losing demand.
Rental Market Trends
Short let demand remains strong in Oniru, Lekki Phase 1 and Victoria Island because of tourism, events and business travel. Investors prefer one bedroom and two bedroom apartments because they offer high occupancy and consistent returns.
Long term rentals are strongest in:
- Ikoyi
- Victoria Island
- Lekki Phase 1
Tenants pay more for convenience, good management and stable power.
Why Buyers Should Move Early
Construction costs, land prices and facility management costs are rising. This affects both off plan and completed units. Good developments sell out during construction. Completed units in prime areas also move quickly because few new buildings replace them.
If you find a unit that fits your lifestyle, your budget and your long term plans, it is better to act early. Waiting usually means paying more or settling for a less suitable location.
If you want a current market update based on your exact budget and preferred location, tell me and I will share what is available right now.
Final Step
If you know the unit type you want or you are still deciding between a few options, tell me your budget and preferred locations. I will send you verified available apartments that match what you are looking for, along with clear details to help you make the right choice.
