ConfidenceIwuoha-Blog

In a bid to provide our clients and prospective clients the much-needed data to make the best investment decision,

We did our quarterly research on properties available for rent in several locations in Lagos State.

This was done to give insights on the current trends in certain locations and to highlight opportunities that may exist in these locations.

Generally we see Lekki Phase 1 being the highest location with properties for rent which is a direct reflection of the amount of investors who found the location very attractive.

We drew up comparisons between Small unit Apartments (3 Bedrooms, 2 Bedrooms & 1 Bedroom) and Duplexes.

We observed that places like a Ikota, Lekki phase 2, Lafiaji and Osapa had more duplexes in the market than smaller unit apartments.
For investors this could be a hint of an opportunity to provide more smaller unit Apartments and fill existing supply gaps.

Though further research will be required to ascertain why duplexes are preferred by developers or if we should attribute this trend to a herd mentality playing out.

Another obvious trend we see is the steady slow decrease of properties listed for rent as we move further away

From lekki phase 1 with VGC (Victoria Garden City) being the exception which could be as a result of the estate not being an emerging location

The decrease shows that properties closest to the Lekki Phase are most desirous by developers and by extension Renters

Hence we can conclude that investors who choose to develop smaller properties in places like Ikota, Lafiaji and Lekki Phase 2 because of limited supply of small apartments would not have a lot of competition if they choose to go into creating smaller unit houses and will most likely have the ability to rent their properties at good prices since there exists little competition to contend with.

Savvy investors invest only in what they know and understand

For the real Estate Industry it is no different

To invest properly you must arm yourself with all the right information to help make good judgement

How do you get right information and make the best investment?

By studying the market over time and looking at what works.

If you are considering buying Real estate that will appreciate within the shortest time possible then you should join my mailing list.

You do not have to buy assets that sit longer than they have to before you recoup your initial investment

Or deal with high vacancy rates on your assets

Join my list https://mailchi.mp/77a5d5265641/prioritymailinglist

And get first hand properties that have been curated to meet your investment goals.