Ikoyi Residential Market Report 2021 - By CWRE

Ikoyi Residential Market Report 2021 - By CWRE

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Summary

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.

Source: CW Real Estate

Published: 2022

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