These are the 3 most expensive places to live in Lagos



Nigeria is home to two kinds of people, the general public and the top 1% who can afford to live in expensive homes. Today, we explore the properties of these rich, famous, and successful people. Here are three of the most expensive residential areas in Lagos state:

1. Banana Island

Banana Island, located in Ikoyi, Lagos, is home to Nigerian millionaires like Mike Adenuga and Iyabo Obasanjo. Here, a plot of land can go for as high as N652 million ($1.8 million), according to Property Pro. It reportedly costs between N10 million to N15 million ( $27k to $41k) to rent a five-bedroom apartment and N700 million ($1.9million) to actually buy a three bedroom home. The denomination of payment for properties in this area is Dollars.

Banana Island, also known as the Billionaire’s Haven, tops the list of expensive areas in Lagos stateplay

Banana Island, also known as the Billionaire’s Haven, tops the list of expensive areas in Lagos state

 (afrilandproperties)

 

Pay the required amount and you gain access to underground electrical systems,  water supply network, central sewage system,  treatment plant, overhead and storm water covered drainage, street lighting and satellite telecommunications networks.

Banana Island is home to the rich and affluentplay

Banana Island is home to the rich and affluent

 (propertypro)

 

ALSO READHere are prices of the cheapest rooms in these 5 luxurious hotels in Lagos

2. Ikoyi

This is one of the highbrows areas on the Island probably because it is filled with expensive suburbs like the aforementioned Banana Island, Parkview Estate and Dolphin Estate.

Ikoyi is a really expensive area in Lagos stateplay

Ikoyi is a really expensive area in Lagos state

 (Youtube)

 

Reportedly, a property goes for N9,000,000 ($24k) while the average cost of renting a two bedroom apartment is N10.8 million ($ 29k). BuzzNigeria reports that it costs N400million to N450 million to buy a plot of land.

Houses go for N9,000,000 ($24k) in Ikoyiplay

Houses go for N9,000,000 ($24k) in Ikoyi

 (propertypro)

 

3. Victoria Island

This area is both residential and commercial. Located on Lagos Island, it consists of foreign embassies, top-notch hospitals,  international schools, and really expensive houses.

Victoria Island is loved by wealthy peopleplay

Victoria Island is loved by wealthy people

 (lekki hub)

 

It costs as high as N800,000,000 ($2.2 million) to rent a 3 bedroom flat apartment here

Tags: Lagos
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posted Friday, November 9, 2018


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