🏡 Top 7 Places to Buy Property in Lagos ( 2025 guide for investors )
🔹 Introduction
Lagos is the heartbeat of Nigeria’s real estate market. With over 20 million people, a booming economy, and constant demand for housing, Lagos property remains one of the most sought-after and profitable investments for both locals and Nigerians in the diaspora.
TRENDS
Trends include a strong demand for luxury and high-end properties in prime locations such as Ikoyi, Victoria Island, Lekki, and Ikeja, as well as emerging opportunities in areas like Ikorodu, Epe, and Sangotedo, offering growth potential.
Key factors influencing the market include:
✅Infrastructure projects
✅Economic stability
✅Government policy reforms aimed at making land acquisition more accessible.
Lagos real estate market 2025
In 2025, Luxury buyers are still flocking to the Island, but affordable and high-growth opportunities are emerging on the Mainland too. Whether you’re a first-time buyer, an investor looking for rental income, investment opportunities, or planning long-term wealth, this guide helps you discover the top 7 places to buy property in Lagos in 2025. Top locations to buy land in Lagos
🔹 1. Lekki Phase 1 – The Luxury Hotspot
Lekki is one of Lagos' most prestigious cities, located in the Southeast of Lagos, Nigeria, bordered by the Atlantic Ocean to the south, the Lagoon to the north, and the Lekki Lagoon to the east. Lekki was once a slum known as Maroko. It was later redeveloped by the government in the 1990s and has since then become one of the most sought-after, prestigious areas to live in Lagos, adjoining Victoria Island and Ikoyi. Lekki is known for its Luxury lifestyle, spanning from high-end residential estates and commercial development, high-end shopping malls, restaurants, vibrant nightlife to business opportunities, and a site for prominent attractions.
Why invest in Lekki?
✨Consistent property appreciation due to high demand.
✨Strong short-term market (Airbnb, expats, and corporate clients).
✨Access to top restaurants, malls, and entertainment hubs.
✨Best for: Luxury seekers, Nigerians in the diaspora, and short-term investors.
👉Looking for luxury properties in Lekki, explore our options and contact us for guidance
🔹 2. Ikoyi – Lagos’ Most Exclusive Market
Ikoyi is widely regarded as the most affluent, prestigious real estate location in Nigeria for the high-profile citizens, locally termed the home to Lagos’ Old-money elite and top executives ( location for the one percent of one percent ), It is home to embassies, billionaires, top executives, and foreign investors. Properties here range from waterfront mansions to ultra-modern penthouses.
Ikoyi emerged as a crucial area under British colonial control during the late 19th century. The British saw Lagos as a prominent trading and administrative center and needed a secure, exclusive residential area for colonial officers, British expatriates, and government high-ranking officials.
Today, Ikoyi is one of the most expensive, high-profile neighborhoods in Lagos. Its residents include business executives, foreign diplomats, celebrities, and senior Government officials.
In Lagos real estate, Ikoyi is generally seen as one of the oldest and most prestigious luxury residential and business districts.
The old Ikoyi
The part of Ikoyi north of Gerrard Road and around Bourdillon Road, stretching towards the Ikoyi Club, Obalende axis, and Awolowo Road side.
Gerrard Road is often described as the “divider” between Old and New Ikoyi.
Features:
✨Larger land sizes and old colonial-style houses.
✨Very green, with mature trees and wide roads.
✨Quieter, more residential, less commercial activity.
✨Traditional wealthy families, diplomats, and expatriates have historically lived here.
✨More detached houses and mansions (though many are being redeveloped into luxury apartments).
✨Top-notch security and a high-end luxury neighborhood
👉Looking for luxury properties in Ikoyi, explore our options and contact us for guidance
New Ikoyi
South of Gerrard Road, stretching towards the Lekki-Ikoyi Link Bridge, Banana Island axis, and Osborne Foreshore.
Separation: Gerrard Road is usually the landmark boundary.
Features:
✨More modern developments — luxury high-rise apartments, ✨penthouses, and gated estates.
✨Newer infrastructure and better drainage in some parts.
✨Proximity to Banana Island and the Lekki-Ikoyi Bridge (easy access to Lekki Phase 1).
✨Popular with new money buyers, investors, and corporate executives.
✨More commercial activity compared to Old Ikoyi, with offices, lounges, and hotels.
👉Looking for luxury properties in Ikoyi, explore our options and contact us for guidance
Why invest in Ikoyi?
Nigeria’s most expensive property market.
High rental yields from expats and corporate tenants.
Rare, premium properties that hold long-term value.
Best for: Ultra-high-net-worth individuals, foreign investors, and luxury property collectors.
🔹 3. Victoria Island (VI) – Business Meets Lifestyle
Victoria Island, the heart of Lagos’ corporate and financial world offers a blend of commercial and residential properties, making it a prime location for both work and lifestyle.
Victoria Island (VI) is located between Lekki and Lagos Island and it remains the home of the wealthy and the elites and is located in Etiosa.
Oniru is a neighborhood right next to Victoria Island (VI) in Lagos. It falls under Eti-Osa Local Government Area, An upscale, primarily residential neighborhood situated I. it is located between Victoria Island, Lekki Phase 1, and Ikoyi.
Many people consider Oniru as an extension of Victoria Island because it’s very close and shares similar luxury residential, commercial, and lifestyle vibes.
So, while Oniru is technically not part of Victoria Island proper, it is immediately adjacent and often grouped with VI when people talk about prime Lagos real estate.
Why invest in Victoria Island?
High demand for luxury apartments and offices.
Rental income from corporate executives and short-term visitors.
Ongoing waterfront developments are pushing prices higher.
Best for: Corporate investors, short-term operators, and professionals seeking city-center living.
👉 Victoria Island Property highlights
🔹 4. Epe – The New Growth Frontier
Epe has transformed from a quiet town to one of Lagos’ fastest-growing investment hubs. Thanks to massive infrastructure projects and its strategic location near the Lekki Free Trade Zone, Epe is attracting forward-thinking investors.
Epe property investment is attractive due to its affordability, high potential for appreciation, and ongoing massive development driven by government projects and infrastructure like the proposed Lekki International Airport, Lekki Free Trade Zone, and the Lekki deep sea, Key strategies include securing land early, considering off-plan investments, choosing strategic locations near infrastructure, and conducting thorough legal verification of all documents.
Why invest in Epe?
✨Affordable land prices compared to Lekki and VI.
✨Government projects like the proposed international airport and seaport.
✨Perfect for land banking and agricultural estates (e.g., palm oil).
✨Best for: First-time land buyers, long-term investors, and agricultural developers.
🔹 5. Ibeju-Lekki – The “New Lagos”
Ibeju-Lekki has earned the nickname “The New Lagos” because of the industrial and commercial giants setting up there. With the Dangote Refinery, Lekki Free Trade Zone, and the Deep Sea Port, the area is already experiencing massive growth in property value.
Ibeju Lekki's economy is a mix of fishing, hospitality, and housing development, with more industrial and commercial projects planned.
Why invest in Ibeju-Lekki?
✨Massive infrastructure attracting industries and workers.
✨Highland appreciation in the past five years.
✨Perfect location for future residential estates.
✨Best for: Developers, long-term investors, and land bankers.
🔹 6. Ikeja – Mainland’s Luxury and Business Hub
Ikeja is the capital of Lagos State. It is home to the Lagos State Secretariat, the Governor’s Office, and other government ministries, and is the commercial heart of the Mainland. From the bustling Computer Village to the serene Ikeja GRA, this area offers a mix of business, lifestyle, and luxury.
Ikeja is known for its well-planned commercial settlement, shopping malls, and notable districts such as Alausa Opebi, and GRA ( Government Reserved Area)
The well-planned layout of Ikeja, affordable housing, business hub, and accessibility to other parts have attracted an influx of residents, both Foreigners and locals, hence the need for more housing units.
Why invest in Ikeja?
✨Home to Murtala Muhammed International Airport.
✨Ikeja GRA offers high-end gated estates and luxury duplexes.
✨Strong rental demand from corporates, airport workers, and families.
✨Best for: Families, middle-to-high income earners, and diaspora buyers who want a central location.
🔹 7. Surulere – Affordable & Central
Surulere is one of the oldest but most central residential areas in Lagos. It remains popular with middle-class families and young professionals because of its affordability and easy access to both the Island and the Mainland.
Why invest in Surulere?
✨Affordable entry point compared to Island properties.
✨Strong rental demand from students, professionals, and families.
✨Redevelopment opportunities: old houses being rebuilt into modern duplexes.
✨Best for: First-time home buyers, middle-class families, and rental income investors.
🔹 Conclusion
The Lagos property market offers something for every type of property buyer in 2025. If you’re seeking luxury and exclusivity, Ikoyi, Lekki Phase 1, and Victoria Island are your best bets. For long-term investors, lands in Epe and Ibeju-Lekki provide incredible land appreciation potential. And for affordable, central homes, Ikeja and Surulere remain solid choices.
The right area depends on your budget and investment goals — whether it’s rental income, long-term land banking, or buying your dream home.
