How much is an acre of land in Lagos?

The average price of land for sale in Lagos is ₦8,000,000 per plot. The most expensive land costs ₦200,000,000 per plot while the cheapest costs ₦500,000 per plot.

How can I buy land in Lagos?

Legal Guide to buying Property in Lagos

  1. Step 1 – Decide on a Budget and Location.
  2. Step 2 – Hire a competent Lawyer.
  3. Step 3 – Look for the perfect (or almost perfect) property.
  4. Step 4 – Investigating the Seller.
  5. Step 5 – Investigating the Property.
  6. Step 6 – View the Property.
  7. Step 7 – Negotiation.
  8. Step 8 – Documentation.

Which estate is the biggest in Lagos?

1004 Housing Estate
1004 Housing Estate is an 11-hectare housing estate in Victoria Island, Lagos. Originally named Federal Housing Estate, Lagos and designed by Isaac Fola-Alade, it was constructed in the 1970s as the biggest of its type at the time.

Where is the best place to buy land Lagos?

So Where is the Best Place to Buy Land in Lagos?

  • Lekki.
  • Sangotedo.
  • Ibeju Lekki.
  • Epe.
  • Magodo/Omole.
  • Badagry.
  • Ikorodu.

How much is a plot of land in Banana Island?

The cost of land per square meter in Banana Island is 1,101 USD which is approximately N458,016. The price of a plot of land in Banana Island is listed for nothing less than $1 million which is approximately N416 million while that for an acre of land is about $6.5 million, approximately N2. 7 billion.

Who is richest man in Lagos?

Richest People in Lagos, NG

  • $21 Billion. Aliko Dangote Net Worth: Aliko Dangote is a Nigerian businessman who has a net worth of $21 billion. Aliko Dangote has at times been the richest person in Nigeria.
  • Folorunsho Alakija. $2.5 Billion.

Which estate is the best in Lagos?

6 Best Residential Estates with Decent Houses in Lagos Island (…

  • Living Gold Estate.
  • Parkview Estate, Ikoyi, Lagos.
  • Pinnock Beach Estate Lekki, Lagos.
  • Friends Colony Estate, Lekki, Lagos.
  • Chevy View Estate, Chevron Drive, Lagos.
  • Lekki Gardens Estate.

Where do millionaires live in Lagos?

Banana Island, is an area of Ikoyi, Lagos known for its wealthy, multi-cultural aura. This area has some of the most expensive real estates in Nigeria as it houses some of the most expensive houses in Nigeria. It has one of the highest density of millionaires within its boundaries.

Where do rich men live in Lagos?

Majority of the wealthy people live on the Island, specifically in places such as Banana Island, Ikoyi, Victoria Island and Lekki. The rich people also live on the island and specific places on the mainland such as Ikeja GRA, Magodo, Omole and some other choice estates in the Ikeja axis.

Is Iyana Ipaja a good place to live?

Iyana Ipaja is not one of the most popular places in Lagos. But it is an affordable place to stay, especially for those working at Ikeja. It can be rowdy in the morning at 7:00 am and at night at 7:00 pm. The remedy to this is to leave your house as early as 6:00 am and to leave work at 5:00 pm.