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

Nigerian Property Markets

November 20, 2017
July 2017. Development: The Azuri Peninsula, Eko Atlantic - Lagos. Image Source: Hakon - Skyscrapercity

Nigeria’s Overall GDP Stronger in Q3:2017 but Real Estate and Construction Continue to Decline

Nigeria’s Gross Domestic Product (GDP) grew by 1.40% in Q3:2017 (year-on-year) in real terms according to data published by the Nigerian Bureau of Statistics. This stands as the second consecutive positive growth since the emergence of the economy from recession […]
October 6, 2017
Development: Park Towers, Eko Atlantic City, Lagos

Can you help us answer a few questions?

We are currently gathering information on attitudes to purchasing luxury residential property in Lagos, Nigeria. Can you help by filling in this brief 10 question survey and let us know what your preferences and thoughts are, even if you are not […]
October 3, 2017
#EAPI2017. The 2017 East African Property Investment Summit at Radisson Blu, Upper Hill, Nairobi - Kenya.

API Events Press Release: The next chapter for West African real estate

The Nigerian real estate sector is turning the corner as the country’s economy appears to be emerging from recession. The easing of inflationary pressure, improved investment inflows, increased oil production and an improvement of foreign exchange liquidity, have all contributed […]
September 14, 2017
Jabi Lake Mall. Image Source:

Qz: Nigeria’s retail boom might be over before it started unless investors bring malls closer to people

Over the past decade, large American-style malls have become a more regular feature in Nigeria’s largest cities. Investors have been attracted by the promise of Nigeria’s large population and growing middle class, and looked to snag some of the pie […]
September 6, 2017

Nigeria’s GDP Grows but Real Estate Service and Construction Sectors Contract

After 5 consecutive quarters of negative growth, Nigeria has emerged out of recession with a growth rate of 0.55% during Q2:2017, less than 1% higher than the -0.91% noted in the first quarter. The recovery was largely driven by an […]
August 25, 2017
Video: Nigeria’s retail industry forecast

Video: Nigeria’s retail industry forecast

Culled from CNBC Africa. Nigeria’s retail industry experienced a boom between 2009 and 2015, growing at 40 per cent per annum in that period. Dolapo Omidire, Lead researcher at Estate Intel joined CNBC Africa to discuss the evolution of retail […]
August 21, 2017
Ongoing construction in Victoria Island, Lagos.

Data: Real Estate & Construction Accounted for 9.07% of Banking Sector Credit in Q2 ’17

Newly published data from the Nigerian Bureau of Statistics illustrates that the Real Estate and Construction sectors accounted for 9.07% of banking sector credit in Q2:2017. Of the N15.7tr extended by the banks during Q2:2017, ₦795bn (5.06%) was for the […]
August 7, 2017
Lagos Skyline. Image Source: Instagram - images by omidire

ei Report: Extended Newsletter for the Real Estate Market in July 2017

Download your copy of the Extended Newsletter for the Real Estate Market in July 2017. Join our newsletter to make sure you receive this document as soon as it is sent out.