Real estate in Lagos: what makes the region interesting
Country's economic growth in 2025 — +4%³, on average for 2016–2025 — +1.4%⁴ per year. Inflation — 15.4%¹ (July 2026), income per capita — $1,360² per year.
Housing market in numbers
Loan rate
18.5%
by country · World Bank · 2016 – 2025
Country economy in numbers
Inflation
15.4%
by country · World Bank · Jan 2016 – Jul 2026
Income per person per year
$1,360
by country · World Bank · 2016 – 2025
Economic growth
+4%
by country · World Bank · 2016 – 2025
Unemployment
3.1%
by country · World Bank · 2016 – 2025
Natural anchors
Nature and climate of Lagos
≈ m above sea level — low: coastal zone at risk of sea level rise.
Water
29 °C⁵ in January · 27 °C⁵ in July
Precipitation
1,646 mm⁶ per year
Average temperatures and precipitation by month
Loading climate data…
Society, language, religion
How Life is Organized in Lagos
Country population
237.5M⁷
Political stability
35 out of 100⁸
Unemployment
3.1%⁹
Population and stability
Country population
237.5M
by country · World Bank · 2016 – 2025
Political stability
35 out of 100
by country · World Bank · 2016 – 2025
Sources
1World Bank — Inflation, July 2026 · World Bank, Global Economic Monitor (CC BY 4.0)
2World Bank — Income per person per year, 2025 · World Bank, World Development Indicators / Worldwide Governance Indicators (CC BY 4.0)
3World Bank — Economic growth, 2025 · World Bank, World Development Indicators / Worldwide Governance Indicators (CC BY 4.0)
4World Bank — Economic growth, 2016–2025; calculated from source data · World Bank, World Development Indicators / Worldwide Governance Indicators (CC BY 4.0)
5Open-Meteo Marine — Sea surface temperature, average for January and July 2025