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 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 […]