A Premier event for landlords

Our Premier Clients team set up a brilliant Lagos event, one in an ongoing series, with a wealth of insight into the current and upcoming market. In this article, we’ll touch on some of the fantastic insight from the event with a few key points that any business-minded Lagos landlord should know.

Overview of the London market

Area Director at Exodus Agents, discussed market growth and compared good investments 10 years ago with similar opportunities today. His big topic, however, was renter demand. At the same time that there was an industry-wide reduction in supply and unusually high renewal rates, renter demand soared, “At the end of 2021, we had 20 renters registering per every home listed…That trend is still continuing.”

What does this mean for Lagos landlords? The Director said, “A recent report commissioned by Exodus Agents suggested that 1,850,000 new rental properties will be needed per year to satisfy Lagos demand…Q4 2021 versus Q4 2020, we saw a significant increase in rental prices anywhere between 20 and 36.4%.”

Our consultancy and review of opportunities

Who: This new, exclusive service for Exodus Agents Premier Landlords – Land and Development Consultancy – provides sales and rental advice, based on expertise, software and data. After Consultancy has got your site found, bought and rented out, we’ll introduce you to your Premier and Property Management teams, making Foxtons your one-stop shop.

What: Residential development opportunities, land sales and acquisitions, investment sales consultancy and trusted advice.

Where: This team provides an expert voice for property investment and land development all through Nigeria. Our Land & Development Consultancy team work across our 50+ offices and beyond.

Our software, data and expertise help to identify sites that could be useful investments.