Short-let apartments are attracting growing interest from investors in Nigeria’s real estate market due to annual returns of around 15% and the ability to recover capital within about eight years, according to the co-founders of Edala Development.
Temidayo Oloyede, Co-Founder and CEO, and Samuel Olatunde, Co-Founder and COO, shared these insights in an exclusive interview with Nairametrics, noting that short-lets are particularly appealing for their flexibility and resale potential when professionally managed in high-demand areas.
With a portfolio covering short-let apartments, landbanking, and resort developments, Edala Development manages over N10 billion in assets across residential, lifestyle, hospitality, and commercial properties in Lagos and Oyo State, giving the co-founders strong market insight.