As we reflect on the 2021 real estate market in Ikoyi,
overall activity in the market ended on a strong
note.
Despite the heightened uncertainties that hovered
around the market after the collapse of the 360
degrees Building collapse in November 2021, overall
sales and general absorption rate were strong in all
real estate sub-asset classes.
CWRE 2021 report provides a detailed overview
of the Ikoyi Real Estate residential market,
covering the trends, market posture and other
key market indicators. Neighbourhoods in Ikoyi
were categorised into gated and non-gated
communities. Market prices (Capital and Rental
Prices) for various sub-asset classes were covered
in this report.
This report covers the real estate market activities
for the year 2021 in Ikoyi, Lagos, Nigeria.
The Neighbourhood was broadly classified into two
groups, Gated and Non-Gated Communities.
Gated communities are enclosed communities with
more than 100 residential units, e.g. Banana Island,
Osborne, Parkview, etc. Non-Gated Communities
were further sub-classified into different zones
based on predetermined street characteristics and
infrastructures.
Data points and information provided in this report
are based on CWRE Intelligence Tracker, which
tracks price points, events and developments in
real-time. This was achieved through inspections
of neighbourhoods and zones, as well as regular
feedback from active local agents, developers,
industry top experts and related government
agencies and ministries.
Ikoyi Residential Market Report 2021 - By CWRE

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Summary
Source: CW Real Estate
Published: 2022
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