Developers in Lagos are prioritizing financing for luxury housing in prime areas like Ikoyi, Victoria Island, and Lekki, driven by demand from the middle and high-income segments. Temitope Runsewe, Managing Director of Sage Grey, noted that despite economic pressures, consumer spending power remains strong in these corridors. However, industry experts warn that rising property and construction costs are making prime locations increasingly unaffordable, likely triggering a shift toward mass housing in more accessible outskirts over the next two years. Currently, the stark rental price gap between prime districts and outlying areas is expected to drive development along major transport corridors.