Devaluation, surging land prices etc., is driving artificial residential yields in the highbrow Banana Island (2021)
Research . 2 years ago
banana island
Chagoury Group
Galilee Heights
lagos
lagos real estate
Lucrezia
Ocean Parade
Share this post
Subscribe to our newsletter
Banana Island is a high-end residential neighborhood within Ikoyi that has also seen some commercial activity and is emerging as a key consideration for corporates to locate their offices. It is home to some of Nigeria's Ultra-wealthy and is infamous for high land and home prices. Though within a bottleneck, the estate is easily accessible…
Banana Island is a high-end residential neighborhood within Ikoyi that has also seen some commercial activity and is emerging as a key consideration for corporates to locate their offices. It is home to some of Nigeria’s Ultra-wealthy and is infamous for high land and home prices. Though within a bottleneck, the estate is easily accessible to other estates and major roads within the Ikoyi neighborhood, including Parkview Estate, Osborne Foreshore Estate and Bourdillon Road, and Alexander Road. The name originated from its Banana shape, and it is surrounded by the Lagos Lagoon and the Five cowries creek. Banana Island is an initiative jointly developed by the Lebanese-Nigerian Chagoury Group; Hi-Tech Construction and the Nigerian Federal Ministry of Works and Housing.
The full version of this article has now been moved to our curated download center for subscribers.
Subscribe to ei Pro to read the full Banana Island Residential Market Analysis gives a more in-depth analysis of other market data that we track including; sales and rental rates, yields, supply drivers, stock breakdown, occupancy rate, and information on key contractors who are active in the market.
Related News
You will find these interesting
Bisi Adedun . November 2023
Africa Investment Forum
AIF
Bisi Adedun . November 2023
housing
personal finance
Bisi Adedun . October 2023
Century city
New City