There are all kinds of property currently on sale in Nigeria, so if you’re planning to buy a home and are looking for a perfect offer, you can check out JiJi. There are thousands of real estate ads in every Nigerian city or town: Lagos, Abuja, Rivers, Oyo, Ogun and many others. You can also look through various kinds of property: 1 bedroom, 2 bedroom, 3 bedroom houses and apartments.
The choice of your dream property depends on a lot of factors, and location is one of the most important. Towns and neighbourhoods with expensive property are usually safer and quieter, while moderately priced neighbourhoods and cities are sometimes not suitable for buyers with children. Whatever type of property you’re looking for, here is a guide to Nigeria’s most expensive real estate areas, which will help you make your choice.
1. Abeokuta, Ogun State (Ibara)
Ibara is the most prestigious neighbourhood of Abeokuta, the capital of Ogun State, which is naturally reflected on the prices of real estate in this area. If you look at property in Ibara, you’ll see that a moderately sized apartment can cost you up to 80,000,000 naira. Close proximity to Lagos is the reason this area is popular among investors, CEOs and businessmen.
2. Ibadan, Oyo State
Ibadan once had the potential to be one of the most sought after real estate markets in Nigeria, and while these plans did not come to life, there are still thousands of buyers looking for property in Ibadan. The location and infrastructure keep the prices for apartments in Ibadan at approximately 100,000,000 naira.
3. Port Harcourt, Rivers State
Southern Nigeria is a very popular location among Nigerian property buyers, which is completely unsurprising considering the level of development in this area. Port Harcourt’s population mostly consists of wealthy politicians, business tycoons and oil companies executives, and the prices for property reflect that: you’ll have to buy around 150,000,000 naira to buy an apartment here.
4. Ikeja, Lagos State
Since the early times Ikeja has been a luxury residential area. This fact was known even during the colonial times. That is why it’s no surprise at all that prices for property in Ikeja may seem unaffordable to a lot of buyers. If you want wealthy Nigerians and expatriates among your new neighbours, be prepared to pay a minimum of 250,000,000 naira for an apartment in Ikeja.
See 4 more luxury property areas on Page 2
5. Jabi (Abuja, FCT)
Jabi is the perfect choice for buyers who work in Abuja but want to live in a quiet prestigious neighbourhood suitable for children. A lot of Abuja politicians and business moguls chose Jabi as their residential area, so if you want to experience the same level of comfort and safety, pay around 400,000,000 naira for an average-sized property.
6. Asokoro (Abuja, FCT)
Another area of Abuja ended up on our list due to the high demand and expensive prices on property in this neighbourhood. The area of Asokoro is located very closely to Nigeria’s presidential complex and is filled with offices and residential buildings of international organizations, which is why no one is surprised that the average price for property in Asokoro reaches 420,000,000 naira.
7. Maitama (Abuja, FCT)
As you can clearly see, Abuja is the obvious leader in the list of the most expensive property. Maitama is home to hundreds of offices, organizations, embassies and establishments. Plus it’s a very safe area that has great infrastructure and an enviable location. If you want to experience the advantages of Maitama on your own, make sure you’re ready to pay around 430,000,000 naira for property there.
8. Banana Island, Lagos
According to numerous international researches, Banana Island is the most expensive real estate area in Nigeria. A home to Nigerian billionaires, corporations, international offices, luxury residential buildings and malls, Banana Island tops the rank of the priciest property markets of the country. Both renting and buying prices are extremely high: you can either pay around 450,000,000 naira for a 3-bedroom apartment or pay 12,000,000 naira a year for the same apartment if you choose to rent instead of to buy.