Building Generational Wealth in Africa’s Fastest-Growing Market  

Nigeria’s real estate sector contributed approximately 5.2% to the nation’s GDP in 2024, and by the end of 2025, it is projected to grow to a market volume of ₦2.25 trillion, with investments expected to focus on assets that combine steady cash flow with long-term legacy value. But which path wins for your wealth goals: a vacation home for family memories or a rental for steady income? 

Let’s break it down with Lagos-focused truths.  

Ideal for creating timeless memories while assets grow:  

• Own a getaway in high-appreciation zones like Yaba, Lekki’s coast or Epe’s serene waterfronts.  
• Rent it 4–6 months/year via platforms like Spleet (earn 7–9% yields) while keeping it for family holidays.  
• Square metre of land of waterfront properties such as Eko Atlantic is now selling for almost $2,000.  

For passive earnings, Lagos rentals dominate:  

• Tech & Student Demand: In Yaba, homes near Unilag and tech hubs achieve 90% occupancy (vs. 65% city average).  
• Prime Locations: Yaba, Lekki Phase 1, and GRA Ikeja deliver 8–12% annual yields from professionals and students.  

1. Budget 15–20% for upkeep (security, off-season maintenance).  
2. Factor in 7–10% vacancy rates for rentals in non-core areas.  
3. Use managed services like Airbnb to cut costs 30%.  

Nigerians abroad drive 40% of property buys. Tap into:  

• Flexible Payments: Taurean Max offers 6-months plans for overseas buyers.  
• Rental Guarantees: Secure projects with 2-year, 7% net return clauses.  
• Tax Efficiency: Hold assets under LLCs to reduce liabilities.  

• Pick a Vacation Home if Family memories + long-term appreciation matter most.  
• Pick Rentals if you want monthly income + liquidity.  

I will leave you with a Future-Proof Strategy: Combine both. Buy an Epe holiday home for personal use + a Yaba rental (e.g., Taurean Max’s Onaiwu Residences) for cash flow.