Nigeria Real Estate Market Update 2025
Land Prices on the Rise
Land prices are surging across Nigeria, especially in urban centers like Lagos, Abuja, ibadan,
Ogun and Port Harcourt. This uptick is driven by increased demand for residential, commercial,
and mixed-use developments, fueled by urbanization and infrastructure growth.
Government Initiatives and Policy Reforms
The Nigerian government is implementing reforms to enhance the real estate sector:
● Monthly Rent Payment Policy in Lagos
Lagos State is pushing for monthly rent structures to ease tenant burdens.
Why it matters: Opens more leasing opportunities for agents and regular income streams.
● Affordable Housing Projects Underway
The “Renewed Hope” project has kicked off 1,250 units in 4 states.
Realtors’ angle: Opportunity to partner with developers and market low-cost housing to first-time
buyers.
● Lagos Real Estate Fest – May 28, 2025
The biggest networking event for realtors, developers, financiers, and buyers is coming up.The
Lagos Real Estate Fest, Nigeria’s largest gathering of real estate stakeholders, is scheduled for
May 28, 2025. This event will bring together developers, financiers, agents, builders, buyers,
and regulators to discuss industry trends and opportunities.
Why attend:
Connect, partner, learn, and position yourself for bigger opportunities in the second half
of 2025.
Focus on Affordable Housing
To address the housing deficit, the Federal Government has launched the “Renewed Hope
Housing Project,” commencing the construction of 1,250 housing units across four states
