Real Estate Guides

Simple and practical Real Estate Guides for Home Buyers, Sellers and Agents in Nigeria.

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Market & Economy NHM-staff Market & Economy NHM-staff

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.

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Market & Economy NHM-staff Market & Economy NHM-staff

How Lagos and Abuja Are Shaping the Future of Real Estate in Nigeria

The Nigerian real estate market is one of the most dynamic in Africa, and its growth trajectory is largely driven by two cities: Lagos and Abuja. Both cities are economic powerhouses with unique characteristics that make them key players in shaping the future of real estate in Nigeria. From infrastructure developments to increasing demand for residential and commercial spaces, these cities are setting the pace for real estate trends across the country.

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Market & Economy NHM-staff Market & Economy NHM-staff

New Red Line Rail Set to Boost Real Estate Demand in Lagos Mainland

As Lagos continues its rapid urbanization, one of the most pressing challenges has been the city’s notorious traffic congestion, especially for those commuting between the Lagos Mainland and Lagos Island. To address this, the Lagos State government initiated the Red Line rail project, a vital part of the city's larger transportation network designed to ease travel across the metropolitan area.

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The Rise of the Millionaire Renters in Nigeria: A Growing Trend

Home ownership has traditionally been viewed as a major milestone in financial success. However, recent trends show a shift among the country’s affluent demographic, with a growing number of Nigerians choosing to rent rather than buy homes. These "millionaire renters" are redefining what it means to attain financial freedom, with lifestyle flexibility and strategic financial choices at the core of this evolving trend.

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