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Country:
Nigeria
City:
Abuja
Adress:
4, Kudang Street, Wuse 2
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Article

Facts About Real
Estate in Nigeria

Investing in real estate is always a good idea whether to buy yourself another home in a luxurious locale or just acquire a new house find some tenants and collect rental fees you almost can't go wrong as long as you do the research and plan your purchase wisely. Here are some facts about the real estate sector in Nigeria.
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Facts About Real Estate in Nigeria
02.09.2021
01

Nigeria has the largest real estate investment in Africa

In Africa, the institutional acquisitions and disposals for real estate investment is valued at $1.8 billion and one country has attracted 29%, the most investments by country ahead of Mozambique ($260m) and Mauritius ($250m).

02

The estimate value of real estate opportunity in Nigeria is $56Bn

Nigeria is considered a greenfield for investors because of its large population. Currently, Nigeria is a top destination for retail investment (investment value at $260m), a top destination for office space market investment (investment value at $140m), and a top destination for Industrial real estate (investment value at $25m) but Nigeria is third for hospitality investment (investment value at $98m).

03

Nigeria still needs over 20million units to meet the housing demand-supply gap

Nigeria's annual housing output is between 50,000 and 100,000 units for a population of about 200 million people. The homeownership level in the country, according to experts, is a little above 20% meaning there is a big gap in Nigeria’s housing demand-supply.

04

Real Estate in Nigeria is relatively safe

it is safer to invest in NIgeria Real Estate beacause property value tends to increase without the volatility of the share market.

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