13 Most Expensive Places To Buy or Rent a House In Lagos

Lagos is one of the most expensive cities to live in Nigeria. In recent years, property and living cost have risen tremendously. The development of Lagos into a mega city has seen an upswing in the cost of property. Expensive estates are springing up in all parts of the city.

Below are some of the most expensive places to live in Lagos

eko atlantic 2

Prototype: The Eko Atlantic City Project which sits in the Atlantic Ocean is the most expensive in Lagos

1. Eko Atlantic: is a new  city in Lagos  currently being built on reclaimed land on the Atlantic Ocean overlooking the former beach front of the Bar Beach. It is adjacent to Victoria Island,  When completed, Eko Atlantic will rise as the next generation of property in Africa.

The city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards. With a per square meter of land costing as high as $4, 000, it is one of the most expensive housing project in Africa

2. Ikoyi: Ikoyi has been in existence since the colonial times. During colonialism, Ikoyi used to be the exclusive preserve of the British ruling and elite of that time. When they left, the Nigerian political and economic elite inherited the posh neighborhood. In Ikoyi, you will find Nigeria’s power brokers. 3 Bedroom apartment costs N13-15 Million per annum

Residential Estate, Northern Foreshore, Lekki

Northern Foreshore Estate in Lekki

3.Victoria Island: The Ikoyi extension of Victoria overlooking the Atlantic Ocean is one of the most expensive places to live in Lagos.

4. Lekki: Lekki has emerged to be the abode of the noveau riche. Apart from being expensive, Lekki is fast developing into the Beverly Hills of Lagos. It is home to Lagos corporate moguls, celebrities and captain of industries.


Luxury apartments in Magodo, Lagos Mainland

5.Ajah: Beyond Lekki is Ajah another fast developing area of Lagos where rent has become very high in recent times.

6.Magodo: Magodo on Lagos Mainland is another expensive neighborhood. In recent times, Magodo are competing with neighborhoods on Lagos Island.

7. Ikeja:—Allen Avenue, Opebi: For so long, Ikeja has been the abode of the rich and famous in Lagos. In the 1990s, places like Allen Avenue, Opebi, Toyin Street are synonymous with expensive shops, boutiques and exotic hot spots.

vicoria island

Victoria Island which sits by the Atlantic Ocean is noted for its opulence and expensive accomodation