Lagos Island Land Prices Soar, Ikoyi Hits ₦2.5 Million per Sqm
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Prime real estate across Lagos Island continues to surge as land values in high-end enclaves like Ikoyi reach historic benchmarks driven by persistent demand, scarce land supply, and FX hedging strategies.
Land prices across prime real estate nodes in Lagos Island have experienced a sharp upward surge, with prime plots in Ikoyi reaching record valuations of ₦2.5 million per square metre.
The report highlights a growing imbalance between supply and demand on Lagos Island's prime residential and commercial corridors. High-net-worth investors, institutional funds, and private developers continue to lock capital into prime land assets as a hedge against inflation and currency volatility, driving valuation metrics to unprecedented highs across Ikoyi, Victoria Island, and neighboring waterfront developments.
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