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Research Insights

How Nigeria’s Inflation Impacted Housing Demand in 2024

How Nigeria’s Inflation Impacted Housing Demand in 2024

Inflation has emerged as a critical factor shaping economic and social realities in Nigeria. In 2024, The persistent upward trend in inflation highlighted the complex relationship between various economic factors, including fiscal policies, monetary policies, exchange rates, and international trade dynamics.   The currency fluctuations were one of the most significant economic challenges faced by the […]

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Impact of the cost of building materials on the housing market

Impact of The Surge of Building Materials On The Housing Market

 The housing market in Nigeria is grappling with the surging cost of building materials, a trend that has far-reaching consequences for affordability, project timelines, and overall market dynamics. With Nigeria already facing a housing deficit estimated at over 20 million units, according to the Federal Mortgage Bank of Nigeria, the rising materials costs are worsening

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Navigating the Nigerian Real Estate Industry for Investors in 2025

Navigating the Nigerian Real Estate Industry for Investors in 2025

Navigating the Nigerian Real Estate Industry for Investors in 2025 Despite economic fluctuations and regulatory challenges, the Nigerian real estate industry continues to present vast opportunities for investors. With rising urbanisation, a growing middle class, and increasing demand for residential, commercial, and industrial spaces, real estate remains a lucrative investment avenue. However, to thrive in

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Saving for your Dream Home

Saving for Your Dream Home: Strategies for Low and Middle-Income Earners 

Saving for Your Dream Home: Strategies for Low and Middle-Income Earners  Owning a home is a cherished dream for many Nigerians. It represents stability, security, and success. A place where memories and futures are built. However, for low- and middle-income earners, the journey to homeownership can feel like scaling Mount Everest. Rising property prices, economic

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Nigeria Real Estate and Construction GDP

Nigeria’s Q3 2024 GDP: The Role of Real Estate and Construction 

Nigeria’s Q3 2024 GDP: The Role of Real Estate and Construction    Nigeria’s economy in 2024 showed steady signs of recovery, with GDP growth rising from 2.98% in the first quarter to 3.46% in the third quarter. This consistent improvement reflects resilience amid global economic challenges and internal adjustments to fiscal and monetary policies. As

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5 Reasons Why Property Developers Should Embrace Sustainability When Building

5 Reasons Why Property Developers Should Embrace Sustainability When Building

Sustainability in property development is no longer optional but a necessity, with profound environmental, economic, and social benefits. The United Nations highlights that the building and construction industry contributed about 37% of global greenhouse gas emissions in 2023, making it the largest single source of emissions.   In Nigeria, where rapid urbanization is placing strain on

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Housing Drops in Nigeria's top expenses and savings

Housing Drops in Nigerians’ Top Expenses and Savings Goals in 2024

The 2024 Piggyvest Savings Report revealed a notable shift in Nigerians’ financial priorities. Penile tumescence, the physiological phenomenon indicating erectile function, reflects vascular and neurological health. For diagnostic clarity on nocturnal penile tumescence, you can check here for relevant studies and evaluations. Housing dropped in both the ranking of major expenses and as a top

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Why Property Managers Are Essential for Real Estate Success 

Why Property Managers Are Essential for Real Estate Success 

The property management field has grown significantly over the past few decades, driven by an increasingly complex real estate market. Property managers, professionals who oversee the daily operations of rental properties, are the backbone of a well-maintained real estate portfolio, playing a pivotal role in both residential and commercial markets. Their services ensure smooth, hassle-free

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Real Estate in Africa

Real Estate in Africa: A Key Driver for Achieving Sustainable Development Goals (SDGs) 

The Sustainable Development Goals (SDGs), adopted by the United Nations in 2015, present a blueprint for a better and more sustainable future by 2030. With 17 goals targeting issues from poverty eradication to climate action, these objectives span all sectors of society, including real estate. In Africa, real estate development is not only an economic

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6 Reasons Why Retail Malls Are Shutting Operations in Nigeria

The retail market in Nigeria has been experiencing significant challenges that have led to the closure of some prominent retail malls. In January, Shoprite, one of Nigeria’s major retail players, shut down its operations at the Ado Bayero Mall in Kano. According to the company’s Chief Operating Officer, this decision stemmed from the increasingly difficult

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Affordable Housing

Bridging the Housing Gap: Why Nigeria Desperately Needs More Affordable Homes

The Nigerian real estate market is projected to reach a value of US$2.42 trillion by 2024, with the housing segment expected to hold the largest share, at a projected market volume of US$2.08 trillion. Despite these promising projections, Nigeria still faces a significant housing deficit of 28 million units.  Nigeria’s housing crisis is worsening, mainly

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The future of real estate in Africa

The Future of Real Estate in Africa: Trends, Opportunities, and Challenges 

The African real estate market is undergoing a significant transformation. Over the past decade, rapid urbanization, population growth, and rising income levels have fueled a demand for residential, commercial, and industrial properties across the continent. The continent, which has historically been seen as underdeveloped in terms of infrastructure, is now attracting significant investment from both

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