Land in Lekki Phase 2 takes after the highly successful Lekki Phase 1 as they are allocated by the Lagos state government. Having a title document that puts the buyer's mind at rest makes Lekki Phase 2 superior in land prices when compared to others. There is also freedom from the problems and harassments of traditional land owners otherwise known as ‘Omo Onile’.
Plots of lands in areas with motorable roads and areas that are easily accessible in Lekki Phase 2 have higher prices while lands in other parts are cheaper. Lands in Lekki Phase 2 are good for housing estates, schools, shopping malls among others. The growing rate of land in this axis right now is quite interesting making it affordable for the affluent only. In Ikate Elegushi axis, lands are presently sold between N60,000,000 to N85,000,000 per plot on the average. On the Osapa London axis, lands that have the accessible roads go between N90,000,000 to N120,000,000 per plot. Areas with averagely accessible roads are available between N70,000,000 to N80,000,000 per plot depending on the level of accessibility to the actual plot of land.
Lands in Lekki Phase 2 areas have been brought up by estate developer who has joined in the push to the N50,000,000 per plot value. The prices are high majorly because of demand for land in this axis outweighs the supply, while that of Osapa London can be attributed to the fact that government has engaged in massive road construction in this area.
Land for sale in Lekki Phase 2 can only be seen as a smart move considering the fact that a land that was sold for N3,000,000 in Osapa London about nine years ago is now going for about N100,000,000.