SHORT-LET IS THE NEW OIL MONEY IN LAGOS REAL ESTATE – HERE’S WHY

The Lagos real estate market is evolving rapidly, and savvy investors are already positioning themselves for massive returns. In the next few blogs, we will be sharing Real Estate Trends watch out for:

Short-Let Apartments are Booming

Nigeria was positioned on the global map and trended in December 2024 due to our festive season popularly called DETTY DECEMBER. The festive season would usually bring back home Nigerians and visitors alike for the festive season. With this, there is a growing demand for flexible, luxury living spaces, short-let apartments are becoming one of the most profitable real estate investments in Lagos right now

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Areas like Lekki, Ikoyi, and Victoria Island are hotspots for tourists, business travelers, and returning Nigerians from the diaspora who prefer fully furnished apartments over hotels. Such apartments allow a family or a group of friends rent a 2 (or more) bedroom apartment, depending on the number, for a couple of days or weeks.

Investing in a well-furnished, aesthetically pleasing apartment in these prime locations can generate consistent cash flow, with daily rental rates ranging from ₦70,000 to ₦150,000, depending on the quality, number of rooms and the location. You should also invest in: stable internet, power supply/backup.

The beauty of this investment is that you could earn more in a month from short-lets than you would from regular yearly rentals. Plus, there’s high demand all year round.

If you’re looking for a low-risk, high-return investment strategy in Lagos real estate, this is it. And at Mcdaniels Real Estate Development Limited, we are the best in the game to help you secure the right a

Visit us at www.mcdanielsrealestates.com and let us help!