North-West Victoria Island Land Prices Hit N1.96m per sqm

According to a recent report, the average price of land in North-West Victoria Island is now N1.96 million per square meter. This increase is attributed to strong interest in residential developments, especially luxury apartments.

The area is bounded by Ozumba Mbadiwe Avenue to the north, Akin Adesola Street to the east, Adeola Odeku Street to the south, and Ahmadu Bello Way to the west. The rising land values coincide with a surge in residential projects, with North-West Victoria Island accounting for 75 ongoing projects, including office and healthcare developments.

The average land prices in other parts of Victoria Island are slightly higher, with Core VI at N2.36 million and South-West VI at N2.32 million. North-West Victoria Island offers a viable option for developers seeking to acquire properties at lower costs without sacrificing proximity to commercial infrastructure, making it increasingly appealing to investors and homeowners.