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Nigeria’s real estate market: What to expect in 2025
Nigeria’s real estate market: What to expect in 2025
The past year ended with 33% headline inflation and over 200% loss in the Naira value in the last 24 months.
What is happening in Nigeria’s real estate market? Are prices going up or down? Is Lagos still a hotspot for foreign investors? How is Nigeria’s government impacting real estate policies and taxes in 2025?
These are the questions everyone is asking us every day—professionals, buyers, and sellers alike, from Abuja to Port Harcourt and beyond.
Nigeria’s real estate market is one of the most dynamic in Africa. It is driven by a high population growth and a rapid urbanization. The real estate sector had a growth projection of 7.24% in 2024, amounting to a value of $2.14 trillion. By maintaining a similar trajectory, the demand for real estate, particularly in key cities will remain high.
Success in the Nigeria Real Estate would require more than just capital. It will require a careful understanding of the market, good timing, strategic thinking and partnerships that work. Let’s go through a number of things to expect this year 2025.
Boom in residential buildings
Nigeria is staying true to the global trend of rising residential demand. The scale and evolution are unprecedented, ranging from luxury towers to stretched-out villas, multi-family developments and new town projects and more.
This isn’t just about homes — developers have perfected alternative products such as Site and Services, Shell and Core, and Gated community schemes. These create distinct opportunities for increased profitability in real estate business without the necessity to inject more funds.
The driving forces will be Diaspora remittance and urbanization
Many residential buildings will be funded by Nigerians abroad. Due to their unique experience and exposure to luxury we should expect more creative housing delivery solutions to emerge. Internationally branded residences will debut in Lagos, Abuja and some other parts of the country.
Inflation and devaluation: Challenge meets opportunity
The sudden increase in local inflation and foreign exchange levels dominated industry discussions last year. This was bad news for many investors. Yet within these challenges lie a greatest investment opportunity. Just as water always finds its path, consumers will always make ends meet. The exit of many foreign companies has created some investment opportunities.
Health, education and leisure tourism are poised to experience a domestic resurgence. There is likely to be a surge in acquisitions, upgrades and strategic partnerships to develop hospitals, schools, apartments and leisure centres targeted at demand that typically gets this service abroad. The value of naira will consequently improve.
Infrastructure will ease business
The access to infrastructure (especially energy and transportation) will clearly determine the preferred location of factories and industrial parks. This will continue to keep most activities and supply traffic for development concentrated in the old industrial hubs.
SEZs (Special Economic Zones) will remain the popular destinations for new investments. The Lagos Free Zone (Tolaram), Eko Atlantic City, Alaro City and others are at the forefront of these trends. These Public-Private Partnerships (PPPs) are present conditions that reduce the initial risk and challenges of real estate investment and the cost of navigating the complex regulatory environment.
Business operators will seek for stability, reduced operational cost and a shock-proof supply chain more than ever to remain profitable amidst competition.
Facilities management: Rise of property technology
Facilities Management & Maintenance will stand out as an important currency for the property industry. With over 6.9 million sq. ft. of prime offices and retail stock and as the cost of newer buildings sky-rocket, how to maintain older infrastructure will become a significant competitive factor. A well maintained infrastructure will retain its economic value throughout its lifetime.
Despite the economic challenges there is a growing appetite of property end-users for experiential amenities, luxury and class. This will compel investors to prioritize maintaining highly functional services.
Stricter building regulations will raise construction costs, affecting property prices
As a result of the high incidence of building failures experienced in 2024 there will be stricter building regulations in some major cities in the country. These stricter measures will make our houses safer but more expensive.
The price of steel rods, which are essential materials for construction, has gone up. This isn’t just a random spike; it’s partly because builders now have to meet new, tougher standards. When materials cost more, developers don’t just absorb the hit—they pass it on to buyers. So, if you’re looking to buy, expect to see property prices rise as a result.
It is not just materials that are getting pricier. Stricter rules from building regulators will also mean higher operational costs for construction companies. Think about skilled labour and transportation—both are getting more expensive, thanks to factors like exchange rates and inflation. The depreciation of the naira over that of its fellow West African countries has led to the exit of many expatriate semi-skilled building professionals (carpenters, masons etc.). All these factors combined will push property prices up. The federal government has however embarked on massive training of these artisans to cushion this effect.
Abuja under the current government is buzzing with new infrastructure projects, thanks to a boost in government spending. The federal government has approved a total of N159.5 billion for five major projects aimed at enhancing road networks, transportation, and estate access across the Federal Capital Territory (FCT
In 2023, the Federal Capital Executive Council gave the green light to contracts worth N33.24 billion for key projects, focusing on transportation and housing. These developments are set to transform the city, making it more appealing for both residents and businesses. One of the standout projects is the Abuja/Kaduna/Zaria/Kano road rehabilitation, which is expected to be completed by 2025. This road will significantly enhance connectivity, making travel smoother and faster.
With better roads and transport, Abuja will become a hotspot for property seekers. The demand for homes and commercial spaces will rise, driven by factors like population growth and urbanization.
The government’s focus on these improvements will attract more people and businesses to the Abuja and its neighbourhood. This influx is expected to continue pushing property prices upward, making it a good investment destination.
Trump policies
Economic experts think that Trump’s policies will be consistent with strengthening the US economy, having a stronger dollar and maintaining continued strength in US equities. Without doubt, I expect general economic activities to increase in the US as he would likely borrow more and increase government spending.
However, there will be two potential impacts on Nigerians living in the US. If US residential prices increase, they would likely spend their excess income on acquiring more real estate in the US as opposed to investing in Nigeria. On the flip side, Trump’s insistence on deportation of illegal immigrants may see some Nigerians returning home to invest their savings and start all over again. There is no place like home.
But prices aren’t coming down
Property prices are not going to come down in 2025. The provision of cheaper mortgages, reduced interest rates, availability of funding will still take a few years before it can start to significantly affect real estate prices. Demand is still too strong and far ahead of supply due to increased urbanization. Limited infrastructure in areas people want to live, and slow and inadequate supply of new homes in these areas would continue to marginally push property prices up this year or at best, keep it stable.
The Gen Xers are coming back home
Nigerians living abroad who are already in their 50s/60s are likely going to start the wave of ‘Japada’ not just due to the return of Trump to the White House, but also as they are now empty nesters and have excess cash. They will be looking for retirement estates, homes to live in. Homes in Nigeria would become more affordable and attractive to them. Location, security, neighbourhood infrastructure and functionality of the homes in terms of services and spaces will guide their decision on which estate to buy into.
•Okonkwo is an educator and entrepreneur. -culled from – (Nation)
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Jamara Home Celebrates 10,000th Customer with a Stylish Surprise and Heartfelt Thanks
In a vibrant display of customer appreciation, Jamara Home, one of Nigeria’s most trusted names in home appliances, has proudly celebrated its 10,000th customer milestone. The brand marked the occasion by surprising select shoppers with unexpected gifts and recognition in its showrooms, two in Lagos and one in Port Harcourt.
The initiative reflects Jamara Home’s deep-rooted commitment to customer loyalty, emphasizing not just the number of people served, but the enduring trust and community spirit behind every purchase.
As part of the celebration, Jamara Home has already surprised one lucky shopper, and more surprises are coming! Shopping vouchers worth ₦100,000 will be awarded to more lucky customers at each Jamara showroom.
“We’re not just selling appliances, we’re building relationships,” said Rabi Jammal, Managing Director at Jamara Home. “This celebration is our way of saying thank you to the amazing people who choose Jamara every day.”
From welcoming showroom experiences to smooth online shopping, Jamara Home continues to redefine how Nigerians furnish their homes, offering top-quality products with a focus on affordability, reliability, choice and personal care.
Jamara Home’s full product range includes TVs, fridges and freezers, audio systems, gas cookers, kitchen appliances, cooking appliances, air conditioners, washing machines and more, all available to browse at jamarahome.com
Consumers can shop online from anywhere in Nigeria at:
👉 https://www.jamarahome.com
Or visit a showroom in Lagos or Port Harcourt:
👉 https://www.jamarahome.com/pages/stores
With a growing community of happy customers and a strong reputation for service, loyalty and trust, Jamara Home continues to build not just beautiful homes but lasting relationships.
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News
Olori Aderonke EmmanuelKing Honoured in Spirit-Filled Birthday Celebration as Valiant Special Prayer Squad Marks Third Anniversary
Olori Aderonke EmmanuelKing Honoured in Spirit-Filled Birthday Celebration as Valiant Special Prayer Squad Marks Third Anniversary
The atmosphere was charged with spiritual fervor and heartfelt celebration as the Valiant Special Prayer Squad, an intercessory arm of Adron Group’s spiritual framework, commemorated its third anniversary in an all-day prophetic gathering that also marked the 48th birthday of its founder, Olori Aderonke Omotola EmmanuelKing.
More than just a ceremonial event, the gathering was a fusion of spiritual depth and leadership tribute, highlighting the synergy between faith, corporate responsibility, and personal devotion. Olori Aderonke, who also serves as the Vice Chairman and Group Executive Director of Adron Group, has over the years exemplified a model of prayer-driven leadership and values-based stewardship.
Since its inception three years ago, the Valiant Special Prayer Squad has evolved into a spiritual backbone for Adron Group, mobilizing staff members, directors, and stakeholders into consistent intercession, prophetic declarations, and communal worship. The third anniversary, therefore, marked not just a chronological milestone, but a testament to divine guidance, unity, and spiritual growth within the organization.
The day-long celebration was rich with vibrant praise, worship sessions, moving testimonies of answered prayers, and exhortations from ministers of the gospel. Spiritual leaders and squad members led fervent sessions of intercession for the celebrant, the company, its leadership, and the nation at large, reinforcing the squad’s identity as a watchtower over corporate and national concerns.
One of the most touching moments was the outpouring of love and tributes directed at Olori Aderonke, whose commitment to spiritual discipline, staff welfare, and personal mentorship was lauded by all in attendance. Colleagues, friends, and mentees shared stories of transformation and growth under her leadership, painting a picture of a woman whose quiet strength has built bridges between the boardroom and the altar.
Adding to the beauty of the moment was the presence and participation of her husband, Aare Adetola EmmanuelKing, Chairman and CEO of Adron Group. His visible support, actively engaging in the entire day’s spiritual sessions was a reflection of their personal bond and a strong endorsement of the spiritual structure his wife has built within the company.
In her address, a visibly moved Olori Aderonke gave thanks to God for the grace to lead and impact lives. She expressed deep appreciation to the squad members, her family, and the entire Adron community for their loyalty and spiritual alignment. She also stressed the need for sustained prayer altars within institutions and homes, declaring that every lasting legacy must first be rooted in divine alignment.
The event concluded with a solemn benediction and communion service that left many in renewal and spiritual empowerment.
As the Valiant Special Prayer Squad marches into its fourth year, it does so with renewed strength, carrying a mandate to not only intercede for Adron Group but to be a beacon of spiritual order in corporate Nigeria.
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Meet Okpe Anthony Okpe: A Multifaceted Media Entrepreneur and Social Reformer
Mr. Okpe Anthony Okpe is a renowned Nigerian media entrepreneur, security and real estate consultant, public relations expert, philanthropist, and thought leader with a remarkable career spanning over 25 years. His name resonates across the Nigerian media landscape and beyond, representing excellence, versatility, and a steadfast commitment to societal transformation.
A man of many hats, Mr. Okpe currently serves as:
National President, Real Estate Reporters and Publishers Association of Nigeria (RERAPAN)
National President, Oil and Gas Reporters and Publishers Association of Nigeria (OGRAPAN)
National Vice President, Community Media Practitioners Association of Nigeria
National Vice President, Celebrity Journal Publishers Association of Nigeria (CJPAN)
Through these platforms, he has amplified the voices of various sectors and driven conversations around national development, public accountability, and community impact.
Media Powerhouse and Publishing Trailblazer
Mr. Okpe is the Publisher, Editor-in-Chief, and Chief Executive Officer of Tony Okpe Communications, a dynamic media conglomerate comprising multiple reputable titles that span across industries, regions, and age demographics. His diverse publication portfolio includes:
Oil and Gas Achievers Magazine
National Crimewatch Magazine
The African Custodian Magazine
FCTWATCH Magazine
Lagoswatch Magazine
Kiddieswatch Magazine
Crossriverian Magazine
Cross River Achievers Magazine
AkwaIbomite Magazine
AkwaIbomite Achievers Magazine
Ogunobserver Magazine
Gateway Achievers Magazine
National Schoolwatch Magazine
These publications are not only informative but serve as platforms for advocacy, development reporting, and celebrating excellence across Nigeria and the African continent.
Champion of Recognition and Excellence
Mr. Okpe is the convener of several prestigious annual awards and exhibitions, dedicated to promoting sectoral development and rewarding outstanding individuals and institutions. Among them are:
Real Estate Achievers Awards and Exhibition
National Crimewatch Awards
African Custodian Awards
Kiddieswatch Awards
Lagoswatch Business Awards
Nigeria National Schools Awards
AkwaIbomite Achievers Awards
Cross River Achievers Awards
Gateway Achievers Awards
These platforms reflect his deep-seated belief in using media, recognition, and advocacy as instruments for positive social change.
Philanthropy Rooted in Redemption and Empowerment
Beyond the media space, Mr. Okpe is the Founder and President of the Tony Okpe Foundation, an NGO focused on the rehabilitation and reintegration of ex-convicts into society. His work is transformative—empowering former inmates through:
Prison outreach and spiritual counseling
Vocational training in carpentry, tailoring, welding, farming, painting, and bricklaying
Provision of tools and startup funds for trained beneficiaries
Health screenings and free feeding programs
Medical advice and medication in partnership with donor organizations
The Foundation also organizes free medical outreach for security personnel, acknowledging their critical role in national security and crime prevention while promoting their physical and mental well-being.
Mr. Okpe’s philanthropic vision was inspired by years of interaction with ex-convicts and a desire to break the cycle of reoffending. Through strategic collaborations with clerics, professionals, and volunteers, he has created a platform that restores dignity and hope to some of society’s most neglected individuals.
Educational and Professional Credentials
Mr. Okpe holds a degree in Marketing, is an Associate Member of the Canadian Institute of Marketing, and a Fellow of the Institute of Sales Professionals. He also earned a Journalism Certificate from the Journalism Clinic and has attended various professional trainings that have further equipped him for excellence in media management and public relations.
Legacy of Impact
A celebrated journalist, biographer, crime reporter, and social reformer, Mr. Okpe Anthony Okpe continues to shape narratives, elevate underrepresented voices, and inspire meaningful change through his dynamic contributions in media, real estate, advocacy, and philanthropy.
His legacy is one of visionary leadership, resilience, and unwavering service to humanity.
About The Author
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