Shortlet apartments are generating higher yields than traditional rentals. Here is how to enter this booming market.
The shortlet apartment market in Lagos has exploded over the past three years. With the rise of business travellers, tourists, and diaspora Nigerians visiting home, demand for fully furnished, short-term accommodation far outstrips supply. A well-managed 2-bedroom shortlet in Ikoyi or Lekki Phase 1 can generate ₦8-15 million annually — significantly more than a traditional yearly rental. The key is location, interior design, and professional management. At Real Legend Homes, we help property owners convert their vacant apartments into high-earning shortlet units. We handle everything from interior styling to listing management on platforms like Airbnb and Booking.com. We also offer property management services for owners who want a completely hands-off experience. If you own an apartment in a prime location and it is sitting empty or under-earning, you are leaving money on the table. Let us show you the numbers.