New Rent Law Coming: The Lagos State government is working on a new Tenancy Bill. If passed, it will change how rents are paid, reduce disputes, and may stop landlords from demanding huge rent advances. Some media outlets had earlier reported an update to the tenancy law, but the Lagos State Government said it was false.

Stronger Enforcement: Some apartment blocks in Ikota-Government Reserved Area (GRA) were sealed for pouring dirty water into public drains. The government is now stricter on environmental rules, so landlords and developers, and even Lagosians in general, must be more careful.

Housing Deficit Still Rising: Reports show that Lagos still has a serious housing shortage—demand for homes keeps going up, which is why prices remain high in areas like Lekki, Victoria Island, Ikeja, etc.

New Estates in Ibeju-Lekki: Developers are launching new estates and bungalows around Ibeju-Lekki. That area is still the hottest spot for land sales and new developments.

The coastal/environmental risk story continues to affect coastal communities and development planning. Independent reporting over the last few weeks highlighted severe coastal erosion in some Lagos coastal communities (Apakin, etc.) and linked impacts to large infrastructure projects and port/refinery activity. This has implications for coastal land values, insurance risk and future permitting.

Smaller Land Size Approved: Before now, you needed at least 10,000 sqm to develop an estate. The government has reduced it to 5,000 sqm. What does this mean? It means more developers can now build estates, even with smaller land sizes.