Lagos is growing fast! more than any streetlight, road, or skyline suggests. Under current projections, the State Government is estimating a gap of 500,000 housing units every year just to keep up with demand. Yet actual delivery remains under 20,000 units per year. That means for every Lagosian who needs a home, the likelihood of finding a properly titled, well-built house is shrinking.
When you rent in this kind of market, it sometimes feels safer or more flexible. But what if I told you that renting now might be costing more in the long-run, financially, emotionally, and in peace of mind? Between inflated rents, unpredictable changes, and the fact that so much of what we’re paying goes to someone else’s asset, the case for owning starts to look a lot stronger.
The Reality Behind the Numbers
According to LASRERA’s Special Adviser, about 70% of Lagos residents live in rental accommodation. Many of these households face steep rents, high upfront payments, and even more trouble when they deal with unregistered agents. Even for those who want to buy, access to information on housing finance remains a challenge. All of which push more people toward solutions that may seem convenient today but pose risk tomorrow.
Without accurate info on housing stock, title status, land availability, and real estate transactions, both government planners and property buyers are operating somewhat blindly. This increases the chance of fraud, delayed delivery, and unexpected costs. While rental demand will always exist, rising rents, hidden fees, and unpredictable rules make renting a less stable long-term option.
Why It Makes Sense to Take the Step Now
Owning your home provides certainty. While rental demand will always exist, rising rents, hidden fees, and unpredictable rules make renting a less stable long-term option. Property ownership anchors you: you build equity, you avoid abrupt price hikes in rent, you gain security and control over your living environment.
Also, homes in Lagos, especially in well-planned or desirable neighborhoods, tend to appreciate as supply tightens. As more people compete for fewer quality housing units, property values rise. Buying early means securing property at more reasonable prices and letting value build over years.
For investors, this gap in housing presents opportunity. There’s huge demand out there, if the right property is available, with verifiable title, fair pricing, and good location, it can offer solid returns through capital appreciation or rental yield.
At Geoponts Properties Ltd, we believe in empowering Lagosians to turn the pressing housing deficit into an opportunity—both to own a home and to make a smart investment. With vetted properties, transparent processes, and flexible payment options, we make the journey from renter to homeowner smoother and more secure.
Don’t wait for the gap to widen further. Contact Geoponts Properties today, and let’s help you find a home that builds value for you, your family, and your future.
📍 Visit Us: 781 Somide Odunjinrin Avenue, Omole Phase 2, Ikeja.
📞 Call/WhatsApp: 08084410146 || 07063557501
📩 Email: geopontsproperties@gmail.com
🌐 Website: www.geopontsproperties.com
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