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.

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.

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.

Nigeria’s real estate sector is one of the most promising and vibrant industries in the country, contributing significantly to economic development. However, its potential remains largely untapped due to persistent challenges, including the lack of professionalism. In a market worth trillions of naira, achieving professional excellence is not just desirable but essential for sustainable growth.

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

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.

Explore the development of smart city initiatives in Lagos and Abuja, highlighting technological advancements, urban challenges, and strategies for sustainable growth in Nigeria's urban centers.

Explore how Nigerian mortgage structures compare to global standards, highlighting key differences in interest rates, loan tenures, credit infrastructure, and government support.

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?

Detty December is here! It's that time of the year when Nigerians celebrate the festive season in style—packed with concerts, parties, and gatherings. Whether you’re looking for a vacation home, a short-term rental, or a place to host your loved ones, the demand for rental properties skyrockets during this period. Unfortunately, scammers are also on high alert, looking to take advantage of unsuspecting renters in the holiday rush. To ensure you secure a safe, legitimate rental this season, here are essential tips to protect yourself from scams.

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 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?