Ikoyi vs Victoria Island: The Luxury Market Shift

Old Ikoyi is quietly reclaiming the top of the luxury market. Here's what's driving the rebalancing.

After a decade of Victoria Island dominance, Old Ikoyi is once again attracting Lagos' wealthiest residents and tenants.

Lower density, restored colonial parcels and a new wave of boutique high-rises are creating a premium that Victoria Island can no longer match.

Rental yields on prime Ikoyi penthouses now average 7.8% — a notable spread above comparable VI stock.