Prime Lagos rents have roughly tripled since 2022: an Ikoyi three-bed that let for around NGN 15 million now averages NGN 35 million. Here is what is driving it, where the 9-11% rental yields sit, and what it means for tenants and investors.
Rental income
Short-let apartments in Lagos and Abuja can out-earn traditional yearly rentals — if you pick the right location, equip for power and water, and manage occupancy well. A practical guide to the Nigerian short-let market.
Owning investment property in Nigeria is only the beginning. Managing it — collecting rent, screening tenants, maintaining the property, handling disputes and deciding whether to self-manage or use an agency — determines whether your investment delivers the returns you expect. This guide covers everything you need to know as a Nigerian landlord.