NIGERIA PROPERTY MARKET TREND

 

Real estate trends vary with location. It covers price trends, industrial, commercial and residential real estates





REAL ESTATE MARKET TRENDS IN NIGERIA

Real estate investment in Nigeria is a dynamic sector with new trends constantly evolving. These trends also vary with location as rent-based real estate being predominant in eastern Nigeria. 

According to Nigeria Property Centre, trends are categorized into property demand and average property prices

Top States

Rank

State

Percentage of Total Searches

1

Lagos

60.8%

2

Abuja

17.6%

3

Rivers

2.0%

4

Oyo

1.9%

5

Ogun

1.7%

Top Localities

Rank

Locality

Percentage of Total Searches

1

Lekki

15.8%

2

Ajah

7.1%

3

Ikeja

4.4%

4

Ikoyi

3.1%

5

Victoria Island (VI)

2.4%

Categories

Rank

Category

Percentage of Total Searches

1

For Rent

57.3%

2

For Sale

31.0%

3

Short Let

2.9%

4

Joint Venture

0.3%

Types

Rank

Type

Percentage of Total Searches

1

Flat / Apartment

37.9%

2

House

21.9%

3

Land

6.4%

4

Commercial Property

4.5%

 

Most Expensive Houses for Sale

Rank

State

Average Price

1

Lagos

₦108,720,000

2

Abuja

₦101,680,000

3

Delta

₦57,400,000

4

Imo

₦55,560,000

5

Rivers

₦53,430,000

6

Enugu

₦47,610,000

7

Kaduna

₦47,090,000

 

Rank

Locality

Average Price

1

Ikoyi

₦429,860,000

2

Maitama District

₦390,390,000

3

Apapa

₦269,420,000

4

Asokoro District

₦262,250,000

5

Wuse 2

₦229,660,000

6

Wuse

₦185,150,000

7

Utako

₦180,360,000

Most Expensive Flats for Sale

Rank

State

Average Price

1

Lagos

₦77,900,000

2

Rivers

₦43,150,000

3

Abuja

₦40,600,000

4

Ogun

₦15,150,000

 

Rank

Locality

Average Price

1

Ikoyi

₦197,210,000

2

Victoria Island (VI)

₦112,890,000

3

Karmo

₦81,640,000

4

Isolo

₦69,500,000

5

Magodo

₦62,090,000

6

Ikeja

₦59,130,000

7

Maryland

₦51,430,000

Most Expensive Houses for Rent

Rank

State

Average Price

1

Lagos

₦5,010,000 per year

2

Abuja

₦4,850,000 per year

3

Rivers

₦3,000,000 per year

4

Delta

₦2,010,000 per year

5

Enugu

₦1,420,000 per year

6

Oyo

₦1,360,000 per year

7

Ogun

₦1,250,000 per year

 

Rank

Locality

Average Price

1

Ikoyi

₦13,160,000 per year

2

Maitama District

₦11,690,000 per year

3

Wuse 2

₦9,540,000 per year

4

Asokoro District

₦7,360,000 per year

5

Victoria Island (VI)

₦6,710,000 per year

6

Katampe

₦6,420,000 per year

7

Guzape District

₦6,080,000 per year

Most Expensive Flats for Rent

Rank

State

Average Price

1

Lagos

₦2,280,000 per year

2

Abuja

₦2,020,000 per year

3

Rivers

₦720,000 per year

4

Delta

₦670,000 per year

5

Enugu

₦540,000 per year

6

Oyo

₦470,000 per year

7

Edo

₦410,000 per year

 

Rank

Locality

Average Price

1

Ikoyi

₦9,000,000 per year

2

Maitama District

₦6,340,000 per year

3

Victoria Island (VI)

₦4,680,000 per year

4

Guzape District

₦3,210,000 per year

5

Asokoro District

₦3,170,000 per year

6

Wuse 2

₦3,130,000 per year

7

Utako

₦2,700,000 per year

Post Script

Contact us for bungalow, Land for sale, penthouse, home for sale, lagos cheap houses, houses for sale in nigeria, bed room house for sale in lagos, duplex, terrace, real estate broker,Container home,Luxury homes, Smart homes, Property valuations, real estate business plan, poperty development, home for sale, real estate business plan, online real estate agency, land agent, real estate legal services, title company, estate liquidator, estate planning lawyer, estate planning, setting up estate company, serviced apartment, apartment sales and lettings, apartment building, bedroom flat, Selfcontain, single room for rent, real estate investment options, real estate investment trust, realestate investment group, real estate investment firms, real estate investment loans, real estate investment clubs, real estate attorney, realtor, real estate marketing materials/tools/ideas/plans, real estate marketing flyers, PWAN marketing flyers, rent to own realtors, real estate leads for realtors, realtor course, Land banking, property lawyer, property auctions, property management software, house plans, house insurance, and students' accommodation.

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bikejoseph@gmail.com

https://joenigeria.blogspot.com

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For our products and services

For updated landlistings nationwide

For more information about Joe Nigeria

Location: Nigeria

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