The Nigerian real estate market has changed. Prices are moving. People are relocating. And decisions that felt safe a year ago now come with serious risk. Whether you’re renting, buying, investing, or developing, it’s no longer enough to rely on what people are saying. You need to know what’s actually happening.
The 2023 edition of the Nigeria Property Price Index gave us a clear warning: the market was shifting. The 2024 edition confirms it. From Lagos to Port Harcourt, property values have spiked in some areas and cooled in others. Demand has changed. Supply is under pressure. And economic conditions are driving decisions in ways many people don’t fully understand.
This report is not just another industry recap. It’s a practical tool. It explains the data behind these shifts and helps you figure out what to do next. If you’re serious about making smart real estate decisions, this is where you start.
What You’ll Find Inside
A breakdown of what’s really happening in the market
The report shows how property prices have changed across residential, commercial, and short-let categories. You’ll see which sectors are growing, which ones are slowing down, and what’s influencing those movements.
Location-specific insights
Lagos saw property prices rise by 39.46 percent. Short-let demand grew by over 200 percent in some areas. But that’s just one part of the picture. The report compares regional performance across states like Ogun, Abuja, Rivers, Enugu, and Oyo so you can make location-based decisions with confidence.
Real investment context
If you’re looking to invest, knowing where to put your money is everything. The report highlights which areas are seeing sustainable growth and which ones might be overheated. It also compares asset classes like land, short-let, and mixed-use to help you align with your goals.
The impact of Nigeria’s economy
Inflation hit 33.4 percent. The naira lost more than 24 percent of its value. Interest rates climbed. All of these factors affected how developers build, how landlords price, and how buyers behave. The report explains the ripple effects in plain language so you can plan accordingly.
A look at what’s next
Using data from 2021 to 2024, the report outlines what to expect in 2025. It’s not just about trends, it’s about preparation. If you want to stay ahead of the curve, the forecast section will give you a solid head start.
Who This Report Is For
This report is designed for anyone trying to make smart moves in real estate:
- If you’re a homebuyer, it will help you time your purchase and choose the right area.
- If you’re an investor, it will show you where value is growing and where it’s stalling.
- If you’re a developer, it will help you avoid overbuilding in areas with declining demand.
- If you’re a realtor, it will give you the insight to speak with confidence and close smarter deals.
Don’t Just Watch the Market. Understand It.
The most common mistake people make in real estate is relying on guesswork or outdated assumptions. The 2024 Nigeria Property Price Index Report gives you the data, the context, and the clarity you need to act with confidence.
If you’re planning to rent, buy, build, or invest or even if you’re just trying to understand where the market is headed, this report is the smartest first step you can take.
Download the 2024 Nigeria Property Price Index Report now and stay ahead of the market.