Lagos. The Price of Property.

The fastest way to legitimise dubious wealth is via property. Hence Lagos’ property market makes absolutely zero sense to me.
I have just returned from an 8 day trip to SA. I was in Houghton Estate in JoBurg (one of its wealthiest suburbs in Johannesburg), I then went onto spend several days in Camps Bay in Cape Town, again said to be one of the wealthiest suburbs in South Africa, hence arguably some of the wealthiest places to live in Africa. Full stop. It got me thinking about the value of things in Lagos where I have been half looking to buy a place in the next few years. I wondered. What would a $1–2MN get you in these places compared to Lagos.
To say I was shocked at what $1Mn (USD oooh) can get you in Lagos vs Cape Town and JoBurg is a massive understatement. It actually demoralised me to seriously thinking of never buying a place in Lagos. Ever. Of course my wife would have none of that.
Parkview Estate, Ikoyi.
This property isn’t gated. Its definitely not new. But its pric...