The real estate market in Lagos and Ogun State continues to experience steady growth in 2026, driven by urban expansion, infrastructure development, and increasing demand for residential housing.
📍 Lagos State Market Overview
Lagos remains Nigeria’s commercial hub, attracting investors and homebuyers alike. Areas such as Lekki, Ajah, Surulere, and Ikeja are witnessing strong demand for both rental and sale properties.
Key drivers include:
Ongoing infrastructure development
Expansion of gated estates
Increasing demand for short-let apartments
Growth in middle-income housing
Property prices in prime areas have appreciated due to limited land supply and high demand, making Lagos a strong long-term investment location.
📍 Ogun State Growth Corridor
Ogun State, especially areas like Ibafo, Mowe, and Abeokuta, has become a preferred alternative for buyers seeking affordability.
Why investors are moving to Ogun:
Lower land and housing costs
Proximity to Lagos
Growing residential estates
Industrial and commercial development
📊 Investment Insight
For investors looking at long-term appreciation, Lagos remains premium. However, Ogun State offers better entry-level opportunities and faster development potential.
Now is a strategic time to invest, particularly in developing areas close to major road networks and commercial hubs.
