July 15, 2024
The 5 Cheapest Places to Buy Property in Nigeria

Nigeria can provide investors with excellent opportunities and it is certainly a relatively easy and affordable way to get an investment going. When you’re looking for cheap property in Nigeria it is best to stay away from Banana Island where properties are impossibly expensive. It will be best to do some research in order to ensure that you purchase property in an area which is more affordable.

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Ogombo

The Elegushi Royal beach is one of the most popular places in the region. There are also some excellent restaurants and other eating places in the region which can ensure that any excursion turns into an adventure. Another notable attraction is the Lekki conservation center which is a wonderful outdoors experience among exquisite natural scenery. People will also be close to the Lagos nightlife and all of the upmarket shopping centers which are scattered around the area. Houses in this area will cost approximately US$70,000 with finance.

Sangotedo

There are a number of mainland tours around Lagos which can really help to give tourists a better understanding of the traditions, culture and way of living of the people of Nigeria. People will also benefit from doing the Lagos cuisine tour which is one of the quickest ways to be thoroughly introduced to all of the local and traditional dishes which is enjoyed in this country.  Lekki and Lagos are close by and therefore residents of Sangotedo can enjoy the best of both worlds. Houses are available for US$50,000.

Akowonjo

This is one of the semi-urban communities which is scattered all over Lagos State. Akowonjo is governed by the Alimosho local government area in Lagos state. The population contains non-indigenous peoples and Aworis and there are several notable settlements in the region such as Alaguntan, Orisunbare, Alimosho, Santos and many others. There are six other towns along the borders of Akowonjo such as Ejigbo, Egbeda, Agege and others. There is also an organization which is dedicated to the development of skills and ideas which is providing many people with opportunities to which they would not have had access otherwise. A house can cost US$43,000 if a cash buyer.

Surulere

This is a very popular and lively area with many clubs, beer parlors, cocktail bars most of which is laying along Ojuelegba Road. There are numerous food stalls who are selling traditional meat kebabs or suya. There is also an interesting mix of fashion stores also located on Ojuelegba Road as well as the upmarket Leisure Mall. People are presented with many opportunities to experience international concerts which are hosted at the national theater. There are also contemporary dance performances and other forms of entertainment. Properties are available from US$38,000.

Ikosi

This is one of the major towns in the local government of Kosofe which is located in Lagos state. The most important rulers of the area are Obas of Ikosi kingdom. The Kosofe area contains seven villages but Ikosi is the administrative headquarters of the region. This town dates back to the 15th century when it was founded by the seventh son of Akanbiogun whose name was Aina Ejo. He was both a warrior and a prince who once lived in Iwaye Quarters in Ota. Most Ikosi people are Awori coming from the Yoruba race. They are well known to be peaceful and hospital people. A large house can be purchased here for approximately US$20,000.