Are you working in or around the mega city of Lagos?, we know how expensive apartments are in Ikeja and how costly it is residing in Lekki Ajah axis.
But then, Lagos is beautiful, jobs and business opportunities are endless, the shopping malls, factories, it’s the best place to be if you plan to do business in Nigeria.
However, the big question is, if you are working in Lagos, can you afford to buy a house in Lagos?.
Are you looking for an affordable property to buy via installments?
Emerging cities around the Lagos Ibadan Expressway
Because of the high immigration into Lagos, houses and apartments are on high demand, making it very expensive to live in certain areas in Lagos.
Actually, 6 out of 10 families in Lagos are living in rented apartments. But if you are to buy a house in Lagos, you will be spending millions even if it’s a simple bungalow.
However, there is always a workaround, if you can’t afford a house inside in Lagos, then buy around Lagos. Over the last decade, new cities are emerging in the outskirts of Lagos Ogun state border, majorly off the Lagos Ibadan expressway.
From the Berger border, new towns and cities have started booming with residents and commercial activities sparking up. Isheri, Arepo, Magboro, Kara, Wawa, Ibafo, Asese, Mowe, Ofada etc
Housing Estates along Lagos Ibadan expressway
New estates are propping up in the Lagos Ogun border almost daily, from Opic Estate at Isheri to Makun City at Mowe, there are tens of estates off the Lagos Ibadan expressway.
Although, this might seem far or less attractive to you, but would you rather continue paying high rent annually from your salary?, if you don’t have plans to reside there, buy to invest there.
Regardless of your budget, you are more likely to still be able to afford a property in one of these axis (Isheri, Arepo, Mowe, Magboro, Ofada etc) than in the mega city of Lagos.
Buy affordable bungalows via monthly installments
If you desire to have your own house and Lagos seems expensive, you can pick one of these areas along the Lagos Ogun border, you can buy an affordable home there and even spread payment.