Ikoyi luxury real estate hits milestone as 5-bedroom homes cross N1.1 billion mark

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The luxury real estate market in Ikoyi, Nigeria, has reached a milestone with 5-bedroom homes now exceeding N1.1 billion in value. This growth is driven by demand from diplomats, expatriates, executives, alongside limited land supply and rising construction costs.

The report attributed the sustained growth to strong demand from diplomats, expatriates, C-suite executives and high-net-worth individuals, alongside limited land supply, rising construction costs and the impact of naira depreciation on replacement costs. The post Ikoyi luxury real estate hits milestone as 5-bedroom homes cross N1.1 billion mark appeared first on Nairametrics.