Real Estate Guides
Simple and practical Real Estate Guides for Home Buyers, Sellers and Agents in Nigeria.
Latest Posts
Millennials Are the Richest Generation in History – And They're Driving the Real Estate Market
Millennials are accumulating wealth at an unprecedented rate, outpacing previous generations in net worth growth. One of the key ways they are building this wealth is through real estate, making them a dominant force in the global housing market.
Trump, Nigeria, and the Global Economy: Why You Should Care
The inauguration of Donald Trump as the 47th President of the United States on January 20, 2025, has significant implications not only for America but also for nations worldwide, including Nigeria. Given the interconnectedness of global politics and economics, it's essential for Nigerians to understand how Trump's policies and rhetoric may influence their country's socio-economic landscape.
Global Money, Local Property: The Impact of Foreign Investment in Nigeria
Nigeria’s real estate market is on the rise, attracting billions in foreign investments. From luxury developments in Lagos to groundbreaking projects like Eko Atlantic City, international capital is reshaping the property landscape. But what drives this surge, and what opportunities await investors?
A Breakdown of Housing Ministry’s 2025 ₦88 Billion Budget: What It Means for You
The Housing Ministry’s 2025 budget of N88 billion underscores the government’s commitment to addressing critical infrastructure needs and promoting national development. With allocations focusing on residential buildings, office buildings and rehabilitation projects, the budget aims to tackle housing deficits and enhance public infrastructure.
Nigeria’s Economic Shift: Real Estate Takes the Spotlight from Oil & Gas
Preliminary data from Nigeria's GDP rebasing reveals a milestone: real estate has overtaken oil and gas as the nation’s third-largest sector. With a 46.52% nominal growth in Q3 2024, the sector now ranks behind crop production and trade, contributing 5.43% to real GDP. Despite challenges such as high construction costs and reduced purchasing power, demand for real estate continues to soar, driven by a growing population and rapid urbanization.
How to Secure Funding for Your First Property Development Project in Nigeria
Venturing into property development in Nigeria is a promising but capital-intensive endeavor. Securing funding for your first project requires careful planning, strategy, and resourcefulness. This guide offers comprehensive steps to help you navigate the process successfully.
Real Estate Trends and Economic Impact: Lessons from Detty December
The festive season in Nigeria, popularly referred to as "Detty December," is synonymous with celebrations, a surge in social events, and an influx of Nigerians in the diaspora returning home to reconnect with their roots. Beyond the music, parties, and cultural festivities, Detty December also has significant impact on Real Estate in Nigeria
Top Emerging Housing Markets in Nigeria: Opportunities and Trends
Nigeria's real estate market is rapidly expanding beyond its traditional hubs, such as Lagos and Abuja. Secondary cities are emerging as attractive investment destinations, driven by urban migration, improved infrastructure, and increasing demand for affordable housing. These new markets present opportunities for investors, developers, and homebuyers seeking to capitalize on Nigeria's growing population and urbanization trends.
Ibadan's Real Estate Boom: Should Smaller Developers Be Worried About Big Developers Taking Over?
In recent years, Ibadan has witnessed a remarkable transformation in its real estate sector. Long considered a quieter alternative to the bustling metropolises of Lagos and Abuja, Ibadan is now buzzing with construction activity. Major developers are reshaping the city’s skyline, introducing modern residential estates, shopping malls, and office complexes. But as big players move in, the question arises: should smaller developers be worried about being overshadowed?
CBN's Assurance of Naira Stability: Setting the Stage for a Booming Real Estate Market in 2025?
Discover how the Central Bank of Nigeria’s efforts to stabilize the naira are setting the stage for a thriving real estate market in 2025. Learn about investment opportunities, market growth drivers, and what this means for Nigeria’s economy.
Nigeria's Q3 Economic Indicators: What GDP Growth and Lower Unemployment Mean for Real Estate Investors
Nigeria’s economic performance in Q3 2024 has captured significant attention, particularly with two critical indicators showing promise: a GDP growth of 3.46% driven by the services sector and a notable decline in unemployment to 4.3% from 5.3% in Q2. These figures suggest a resilient economy navigating its way through global and domestic challenges. But what do they mean for real estate investors?
The 'Japa' Effect: How Nigeria's Migration Wave is Reshaping the Real Estate Market
The "Japa" movement, referring to the wave of emigration among Nigerians, is transforming the country’s real estate market. With more skilled professionals and young adults moving abroad, housing demand is shifting, vacancy rates are rising, and opportunities in the short-term rental and diaspora investment segments are growing. As urban areas face price adjustments and vacancies, developers and landlords are adopting new strategies, like flexible leases and affordable housing, to meet the changing landscape. Discover how Nigeria's migration wave is reshaping property demand, investment trends, and opportunities in the real estate sector.