Nigeria’s economy is facing hard truths. Inflation hit 22.04% in March 2025 and the naira has lost over 30% of its value in just one year. Lagos, the country’s economic hub, boasts of a rapidly evolving real estate market. This is shaped by its growing population, varying wealth segments, and rapid urbanization. In response to this, a growing housing deficit looms in the city.
In this volatile economic environment, luxury real estate in Lagos is proving to be a resilient investment against inflation. Unlike stocks or crypto, property is tangible. It doesn’t vanish overnight, and luxury units in Lagos don’t flood the market. This scarcity gives investors a buffer against economic shocks and political instability. For example, the property value in prime neighborhoods like Ikoyi, Victoria Island, and Banana Island has climbed steadily, some by as much as 20% each year in naira terms.
The drivers? Limited supply, rising construction costs, and growing demand from upwardly elite Nigerians and the diaspora. With access to foreign exchange (Fx) and an eye on long-term returns, people in the diaspora are purchasing properties as legacy assets, income generators, or future homes.
Corporates and diplomats are also fueling demand. Premium rentals in places like Oniru, Ikoyi, and VI attract tenants who pay in dollars—or the equivalent. That means steady returns and a built-in hedge against currency swings for landlords.
Another noteworthy driver is the rise of the short-let and serviced apartment market. Short-lets in prime neighborhoods now fetch daily rates that significantly exceed traditional lease returns. In 2024 alone, short-let rental rates in Ikoyi and Lekki surged by up to 60%, driven by a resurgence in business travel, diaspora visits, and high-end tourism. This hybrid model of residential and hospitality income allows investors to extract more value per square meter than ever before.
Lagos’ luxury real estate market is booming as wealthy buyers compete for exclusive properties. The average luxury property price is projected to reach ₦250 million, up sharply from recent years. This growth is fueled by rising demand and ongoing urban development projects.
High-brow areas like Victoria Island, Eko Atlantic City, Banana Island, Ikoyi, and Lekki remain the top choices for affluent buyers, expatriates, and multinational companies. The demand for properties in these areas, particularly Victoria Island has led to a significant rise in property prices as intending buyers are keen on purchasing properties that offer upscale living spaces such as 24/7 security, concierge, green energy powered, and smart homes.
Paramount Twin Towers: One Project, Many Advantages
One standout project is the Paramount Twin Towers in Oniru, Victoria Island. Developed by Grenadines Homes, a subsidiary of Palton Morgan Holdings, the twin 13-story towers offer location, innovation, and income potential.
Why It Stands Out:
- Prime Location: Close to the Atlantic, between Victoria Island and Lekki, with quick access to embassies, offices, and shopping.
- Strong Returns: A well-furnished short-let unit here can earn up to ₦21.8 million per year—far beyond typical lease returns.
- Green luxury and Smart Living: Biometric access, renewable powered, home automation, and an infinity pool cater to high-end tenants.
- Future-Proof: Waterfront properties in secure, central areas like Oniru have a track record of outpacing mainland real estate in value.
For investors seeking luxury, hedge against inflation, and long-term appreciation, Paramount Twin Towers is a solid investment bet in Lagos’s future-forward urban transformation. You can us via tel:02014535-098, WhatsApp, or email: info@paltonmorgan.com to discuss how you can take advantage of this rare investment opportunity.
On a final note, it is important to mention that no investment is risk-free. Due diligence is non-negotiable. Stick with trusted developers like Palton Morgan Holdings, verify land titles, and favor properties with finished infrastructure and professional management.