The shortlet and Airbnb market in Lagos has exploded, offering property owners significantly higher yields than traditional annual rent. But location is everything.
The Traditional Hubs: Ikoyi & Victoria Island
These areas command the highest daily rates due to corporate travelers and expatriates. However, the initial cost of acquiring property here is astronomical, lowering your overall ROI percentage.
The Sweet Spot: Lekki Phase 1 & Abijo GRA
Lekki Phase 1 remains a strong contender, but savvy investors are moving further down the corridor to Abijo GRA. Why? Property acquisition costs are much lower, but demand for serene, secure shortlets for weekend getaways and diaspora visitors is surging.
The Ideal Property Type
2-bedroom apartments are the gold standard for shortlets. They cater perfectly to small families, couples, and business travelers. Our 2-bedroom units in Glory City Phase 2 are perfectly positioned to deliver high shortlet yields.
