Introduction
When it comes to real estate in Nigeria, the headlines often don’t tell the full story. Behind the scenes are surprising facts that every serious investor should be aware of. Let’s uncover five facts that may change how you view real estate in 2025.
1. Nigeria’s Housing Deficit is Now Over 28 Million Units
Despite a booming construction sector, Nigeria’s housing gap keeps widening. The Federal Mortgage Bank of Nigeria (FMBN) reports that the deficit rose from 22 million in 2018 to over 28 million in 20241.
2. Lagos and Abuja Account for Over 40% of Real Estate Transactions
According to the Real Estate Developers Association of Nigeria (REDAN), Lagos and Abuja dominate the market, with a combined 42% of all recorded real estate transactions in the country2.
3. Land Remains the Safest Real Estate Investment
In uncertain economies, land holds value. In areas like Kuje and Kubwa (Abuja outskirts), land value has increased by over 70% in the last three years, outpacing inflation and even gold3.
4. Government Regulations Are Evolving
The Nigerian Land Use Act is being reviewed for the first time in decades. This could mean easier land registration and better investor protections in the near future4.
5. Africa’s Real Estate Investment is Projected to Hit $1 Trillion by 2030
The African Development Bank projects massive continental growth, with Nigeria, Kenya, and Egypt leading in urban infrastructure projects5.
Conclusion
Being informed is the first step toward making profitable real estate decisions. These surprising insights should guide your next investment strategy in Nigeria’s dynamic property landscape.