Investing in Short-Let Properties in Lagos and Abuja

Short-let properties have grown into one of the most attractive real estate opportunities in Nigeria, with Lagos and Abuja leading the market. The increasing movement of business travellers, expatriates, tourists, and Nigerians visiting for short stays has pushed demand higher each year.

Lagos remains the strongest hub for short-let investments. Its busy commercial districts attract thousands of visitors who prefer the comfort, privacy, and flexibility of furnished apartments over hotels. Neighbourhoods like Lekki, Victoria Island, Ikoyi, and Ikeja consistently deliver high occupancy rates.

Abuja offers a more stable and predictable market. As the nation’s administrative centre, it hosts government meetings, international conferences, and diplomatic events throughout the year. Areas such as Wuse, Maitama, Garki, and Gwarinpa rank among the most profitable for short-term rentals.

The appeal for investors is simple: earnings from short-let properties often exceed traditional rental income. During peak seasons, festive periods, election cycles, and major conferences, daily rates rise sharply, allowing property owners to maximise returns within short periods.

However, success in this sector requires more than just owning a property. Short-let apartments must be fully furnished with modern amenities, reliable electricity solutions, fast internet, and functional household items. Guests expect a premium experience, and failing to meet that standard reduces repeat bookings.

Operational costs are also higher compared to regular rentals. Investors must plan for cleaning services, maintenance, repairs, utilities, and occasional upgrades to keep the apartment attractive. These costs can reduce profit margins if not properly managed.

Professional management has become increasingly important as competition intensifies. Many investors now work with experienced short-let managers or digital platforms that handle bookings, guest communication, and day-to-day operations. This improves customer satisfaction and helps maintain consistent occupancy.

Despite the risks, regulatory changes, fluctuating demand, and rising operating expenses, the short-let market in Lagos and Abuja remains strong. For investors willing to stay involved, prioritize quality, and manage costs carefully, the sector offers reliable cash flow and long-term appreciation.