Research Insights

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 real estate market in Nigeria is experiencing a significant shift, driven by the increasing integration of technology. Developers are embracing this trend by incorporating smart home technology into properties.   According to Statista, the smart home market in Nigeria is projected to reach a revenue of $247.1 million by 2024, with an expected annual growth […]

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 […]

The dream of homeownership is a significant milestone for many Nigerians. With the real estate market evolving rapidly, mortgages have become a popular means to achieve this goal. We confirmed this with our Lagos Residential Report where 29.6% of our respondents indicated they prefer a mortgage plan. A mortgage allows individuals to own a property […]