Market reports/Lagos
Propstock Market Intelligence

Lagos Property Market Report

🇳🇬Nigeria·West Africa·Priced in USD·Updated Q2 2026

Lagos posts the highest gross yields in our index, rewarding investors who prioritise verified, well-managed stock.

propstock.com/market-reports/lagos
8.2%
Avg. gross yield
+7%
Price growth YoY
$2,100
Avg. price / m²
24 days
Median time to let
Executive summary

Lagos posts the highest gross yields in our index, rewarding investors who prioritise verified, well-managed stock with reliable power and clear title. A young, rapidly urbanising population underpins strong structural rental demand. Diaspora buyers dominate transaction flow, and the premium for professionally serviced buildings is widening.

Key indicators
Sales volume YoY+19%
Avg. days on market40 days
Units in pipeline5,600
Sale-to-asking ratio93%
Price index
Trending up
Apartment price index · rebased to 100 at latest month
12 months agoLatest
Transactions by type
Share of deals, last 12 months
Apartments64%
Detached homes26%
Serviced units10%
The rest is free to read
Inside the full Lagos report
Neighbourhood breakdown
Yields, pricing & growth for 5 areas
Rental market data
Rents, occupancy & growth
Buyer-origin analysis
Where demand is coming from
3-year price forecast & outlook
Our view to 2028
Downloadable PDF
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