Nigerian Property Markets – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Nigerian Property Markets

March 27, 2017
Image Source: Economist Intelligence Unit.

Lagos Falls on EIU Worldwide (USD$) Cost of Living Survey as Naira Depreciates

Lagos fell 16 places to #132 (of 140) in the Economist Intelligence Unit’s 2017 Worldwide Cost of Living Survey as the fall in global oil prices drove a collapse in the value of the Nigerian Naira. This pushed down relative pricing, despite strong […]
March 14, 2017
IFC Mulls Investment in Nigerian Hospital Project Sponsored by AXA Mansard

IFC Mulls $8.2m Investment in Nigerian Hospital Project Sponsored by AXA Mansard

The IFC, a member of the World Bank Group, is considering a USD $8.2m equity investment for a 20% equity stake in a hospital project in Lagos, Nigeria sponsored by AXA Mansard Insurance. The hospital will be built on a 20,000m2 land purchased […]
March 13, 2017
Strategy for Construction and Real Estate in Nigeria's Economic Recovery & Growth Plan

Strategy for Construction and Real Estate in Nigeria’s Economic Recovery & Growth Plan

In the recently published Economic Recovery and Growth Plan for Nigeria (2017 – 2020), the Ministry of Budget and Planning explained that the construction and real estate sectors are constrained by the high costs associated with house building, land acquisition and borrowing. […]
February 22, 2017
Owerri Mall, Imo State. Image source:

Reuters: South Africa’s Shoprite to open less stores in Nigeria than planned

South Africa’s Shoprite will open two stores in Nigeria over the next 15 months, down from as many as 13, the retailer’s chief executive said, citing lack of retail space in the west African country. “Look, at Nigeria with the […]
February 20, 2017

Central Bank of Nigeria: New Policy Actions in the Foreign Exchange Market

In a press release published earlier today, the Central Bank of Nigeria (CBN) has stated that it will be providing direct additional funding to banks to meet the needs of Nigerians for Personal and Business Travel, Medical needs, and School fees, […]
February 17, 2017
Africa Construction Trends - Deloitte 2016

Africa Construction Trends – Deloitte 2016

The real estate sector accounted for 21.7% of total construction projects within West Africa, according to data compiled by Deloitte for its 2016 Africa Construction Trends Report. In this year’s edition, Deloitte tracked 286 construction projects across various sectors (transport, energy & power, real […]
January 31, 2017

#eiMasterClass – Unlocking & Creating Value from Corporate Real Estate Portfolios

This 2-part article on Corporate Real Estate Solutions is part of the #eiMasterClass series. This edition was written by Adenekan Adeniran, Principal at FRISIA Partners. The infographic below provides a brief summary. Part I:  Preparing for Unlocking & Creating Value […]
December 13, 2016

Insight into the Economy, Real Estate, Demographics and Future Growth with 15 Charts

These 15 charts illustrate the Nigerian economy, population growth, urbanisation, age distribution statistics as well as the performance of the real estate, construction and trade sectors. View the charts on Nigerian Real Estate, Economic & Demographic Data.