Research Insights

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 […]

The 2024 Piggyvest Savings Report revealed a notable shift in Nigerians’ financial priorities. Housing dropped in both the ranking of major expenses and as a top savings goal in this year’s report. While housing remains a critical consideration, it has fallen below other pressing financial commitments in both categories. This change marks a reordering of

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

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

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

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

Housing is a fundamental human need, yet affordable housing remains one of the most pressing challenges in Nigeria. The growing urbanization rate and population growth have exacerbated the need for affordable homes. To tackle this issue, both the Nigerian government and the private sector have a role to play.     Overview of Nigeria’s Housing

Abuja, the capital city of Nigeria, is a pivotal center of political and economic activity. Abuja has a population of over 4 million people. Abuja has several significant infrastructural developments, making it a prime destination for local and foreign investments. In Q4 2024, the Nigerian Bureau of Statistics reported that Abuja recorded capital importation of US$370.80

The National Housing Fund (NHF) is a Federal Mortgage Bank of Nigeria (FMBN) scheme Federal Mortgage Bank of Nigeria (FMBN). Its primary objective is to facilitate the provision of affordable housing for Nigerians by creating a pool of funds from which loans can be granted to contributors at low interest rates. These funds are sourced

In the Nigerian residential market, property prices have shown a consistent upward trajectory across various submarkets. Our 2023 Price Index Report indicates a notable double-digit increase in property prices nationwide compared to 2022. In the report, Lagos and Abuja emerged as the most affected cities, with Lagos experiencing an extraordinary rise driven by the escalating