The Nigerian Real Estate Sector has seen consistent growth over the last year. It is one of the largest
contributors to the Nation’s rebased GDP, comprising 11% of the non-oil sector in 2014. The overall real
estate market is estimated to grow at an average of 10% over the next year.
The major growth drivers in the sector have been credited to: an increased inflow of foreign investment
(especially from South Africa, MEA and the United States); increased institutional investment from local
companies including PFAs and Mutual Funds; the growing population of High Net worth Individuals; and
the targeted intervention of the Federal Government in the housing finance sector.
