Is Real Estate in Lagos Exorbitant?

Real estate is one sector in the economy that never seems to dwindle, it only goes higher. 

Ranging from the questionable behavior of some landlords, the exhausting attitude of agents and the outrageous prices of houses, it leaves us to ponder if Real Estate in Lagos is unnecessarily expensive or the standard of living is just too high? 

Recently, a video surfaced on social media of a house being sold for 1.4billion Naira, and as usual, people had varied responses. 

While a lot of people shared the same thought on the price of the house being excessively high and unimpressive, others thought “they were simply not their target market” 

Watch video below: 

Gidi Properties on Twitter: “Here’s a video tour of The breathtaking mansion available for sale at 1.4 Billion Naira in Ikoyi. pic.twitter.com/Wgc95DxJHG / Twitter”

Here’s a video tour of The breathtaking mansion available for sale at 1.4 Billion Naira in Ikoyi. pic.twitter.com/Wgc95DxJHG

Read some of the responses below:

Lagos is currently in the top 20 most expensive cities for startups to rent and occupy office space. It is also the 18th most expensive city in the world to live and work in (number one in Africa).

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