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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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Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit
Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit
The Chairman, Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reiterated the company’s unwavering commitment to Nigeria’s cultural diversity and traditional institutions during a courtesy visit to the Alaafin of Oyo, His Imperial Majesty, Oba Abimbola Akeem Owoade I.
According to the Adron CEO, the visit reflects the company’s belief that national development must be anchored on respect for heritage, culture, and indigenous authority across all ethnic nationalities.
“Nigeria’s greatest strength lies in its diversity. At Adron Homes, we recognise that culture and tradition are not obstacles to development, but the very foundation upon which sustainable progress must be built,” Emmanuel-King stated.
He emphasised that Adron Homes’ engagement with traditional institutions is inclusive and nationwide, cutting across regions and ethnic lines as part of its broader vision for unity and shared prosperity.
“Our respect for traditional institutions is not limited to any one region. We honour royal fathers across Nigeria because they are custodians of our identity, values, and social stability,” he added.
The Adron Chairman noted that the company’s expanding footprint across several states continues to contribute to housing delivery, job creation, and economic empowerment, while aligning modern real estate development with indigenous values.
“We remain committed to building communities that serve present needs without eroding the cultural heritage that future generations must inherit,” Emmanuel-King said.
He further reaffirmed Adron Homes’ readiness to support initiatives that promote cultural preservation, tourism, and community development, stressing that collaboration between the private sector and traditional institutions is vital for inclusive national growth.
In his response, the Alaafin of Oyo, Oba Abimbola Akeem Owoade I, commended Adron Homes for recognizing culture and tradition as pillars of development, offering royal prayers for the company’s leadership, continued success, and the peace and unity of Nigeria.
The visit concluded with royal blessings and goodwill, reinforcing Adron Homes’ position as a corporate brand committed to cultural solidarity, inclusivity, and a diverse future for Nigeria.
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Adron CEO Reaffirms Support for Nigeria’s Diverse Cultures, Traditional Institutions
Adron CEO Reaffirms Support for Nigeria’s Diverse Cultures, Traditional Institutions
The Founder and Chairman of Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reaffirmed the company’s unwavering commitment to the preservation and respect of Nigeria’s diverse cultures and traditional institutions, describing them as vital partners in sustainable national development.
Speaking after a landmark courtesy visit to the House of Oduduwa on Tuesday, 6th January 2026, hosted by His Imperial Majesty, Kabiyesi Arole Oduduwa, Olofin Adimula, the Oonirisa of Ife, HIM Oba Adeyeye Enitan Babatunde Ogunwusi, CFR, Ojaja II, the Adron CEO stressed that the company’s engagement with royal institutions transcends ethnicity and regional boundaries.
According to Aare Emmanuel-King, Adron’s collaboration with traditional authorities is not limited to Yoruba land, but reflects a broader national philosophy that recognises the importance of all ethnic cultures and custodians of heritage across Nigeria in fostering unity, stability, and development.
“At Adron Homes, we believe that land is sacred and that development must be carried out with deep respect for culture, history, and traditional authority — not just in the South-West, but across every region of Nigeria,” he said.
The Adron CEO highlighted the company’s extensive footprint nationwide, noting its contributions to housing delivery, job creation, and economic empowerment across multiple states. He added that meaningful development thrives best when modern enterprise works in harmony with indigenous values and institutions.
As part of Adron’s long-term vision, Aare Emmanuel-King also announced plans for a landmark luxury estate project, ORISUN WHITE PARADISE RESORT, spanning over 200 acres in Ile-Ife, designed to blend modern luxury with cultural identity and tourism.
He expressed appreciation to Kabiyesi Oonirisa for the warm reception and royal blessings, describing the visit as a historic milestone that reinforces Adron Homes’ position as a corporate brand committed to cultural respect, inclusivity, and sustainable development across Nigeria.
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Pelican Valley Estate drives CSR via widows outreach
Pelican Valley Estate drives CSR via widows outreach
Pelican Valley Nigeria Limited, a real estate company, through its foundation, Oko Opo Foundation, has reinforced its corporate social responsibility drive on Boxing Day as its flagship Pelican Valley Estate in Abeokuta hosted a large-scale outreach providing healthcare, financial assistance and educational support to widows.
In a statement, it was noted that the Oko Opo Widows Foundation, a non-profit organisation which caters for widows, orphans and less privileged members of society, has been lending helping hands to widows in the last three years, filling the void left by the departure of their husbands, and wives, as in the case of widowers.
It stated, “In carrying out this selfless service, the Foundation has established partnerships with well-meaning individuals and organisations, secured donations and grants and provided support to numerous beneficiaries as it focuses its programmes on education, healthcare and economic empowerment.”
The Founder, Dr Babatunde Adeyemo, who also doubles as the Chief Executive Officer of Pelican Valley Nigeria Limited, described the gathering as a significant milestone in the journey to empower widows, orphans and the less privileged in society.
He noted that it was a time to celebrate not only the foundation’s achievements but also the resilience and determination of its beneficiaries, pledging to remain unrelenting in making a positive impact in the lives of people.
“We celebrate the widows who have found hope again, the orphans who have discovered a sense of belonging, and the less privileged who have been given succour. Philanthropy is borne out of a passion for lifting widows and the less privileged,” he said, adding that it is devoid of any political undertone.
He pledged to build houses for widows and fund free legal service for any widow facing persecution, injustice or being denied her rights in her matrimonial home due to the loss of her husband.
Adeyemo said, “Over the past year, Oko Opo Foundation, a non-governmental and not-for-profit organisation established to rekindle the hope of widows, has worked tirelessly to provide support and resources to those who need it most.
“As I reflect on our journey so far, I am reminded of the passion and commitment that drove me to establish this Foundation. As a journalist and entrepreneur, I have seen firsthand the impact of poverty and inequality on our society. I have witnessed the struggles of widows and orphans, and I have felt the weight of responsibility to make a difference.
“Oko Opo Foundation was born out of this sense of responsibility. Our mission is to rekindle hope in the lives of widows, orphans and the less privileged. We aim to provide them with the support and resources they need to overcome their challenges and achieve their goals. Let me assure you that the Oko Opo Foundation will not relent in its noble efforts to rekindle hope and advocate for the improved welfare of widows, orphans and the less privileged in our society. I, personally, will continue to work tirelessly, using every resource at my disposal, to empower the needy. We also want to seize this medium to appreciate the contributions of donors, partners and volunteers who have made our work possible. As we look to the future, I am excited about the prospects ahead. We will continue to innovate and expand our programmes, seeking new and better ways to serve our beneficiaries.”
According to the statement, the widows had earlier received free medical screening and counselling for non-communicable ailments such as hypertension and blood sugar level, with necessary drugs provided for them courtesy of the Foundation’s medical outreach, as was the case in 2024.
It added, “Among the women that shared their soul-lifting stories yesterday about how Adeyemo brought succour to each of them through the Foundation was Mrs Titilope Adewunmi, widow of the late Ekiti State indigene, Wale Adewunmi, who practised journalism all his life in Ogun State before his demise in the middle of last year.
“Adewunmi narrated that the help was timely, happening just as she was about to head to a burial ground in Abeokuta with tearful eyes for the interment of her late husband when the call that changed her life and that of her first daughter came from the Oko Opo Foundation, informing her that she had been placed on a stipend for six months with free medical service in any hospital in the town at the expense of the Foundation. To cap it all, she said she was also informed that one of her children would be supported to further his/her education up to the university level.”
– PUNCH
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