Rising Land Prices in Lagos, Nigeria: Market Insights April 2025

In April 2025, the real estate market in Lagos, Nigeria continues to show significant growth in land prices, reflecting the city’s status as a prime investment destination. The demand for land in Lagos has been steadily increasing, driven by a burgeoning population, infrastructure developments, and a growing economy. The average price per square meter of land in key areas of Lagos has seen a notable increase of about 10% compared to the same period last year. This rise in land prices can be attributed to the limited availability of prime land in sought-after locations, coupled with an upsurge in urbanization and commercial development projects. Investors are showing a keen interest in acquiring land in strategic areas of Lagos, such as Victoria Island, Ikoyi, and Lekki, due to their proximity to business districts, modern amenities, and potential for high returns on investment. The trend towards mixed-use developments that combine residential, commercial, and recreational spaces is also influencing land prices in Lagos. As the government continues to focus on infrastructure projects like road expansions, transportation upgrades, and environmental sustainability initiatives, the real estate landscape in Lagos is poised for further growth and development. These efforts are expected to attract more investors and developers, thereby sustaining the upward trajectory of land prices in the city. Overall, Lagos, Nigeria remains a hot spot for real estate investment, with promising opportunities for those looking to capitalize on the flourishing property market in one of Africa’s fastest-growing cities.