Key Insights: Day 1 - WAPI 2019 - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

Credit sales declined in the real estate sector from ₦596Bn in Q1 2019 to ₦583Bn in Q2 2019. Affordable housing remains an issue and this is reflected in the high residential vacancies as new houses are still targeted at upper-income households. The Lagos housing deficit requires ₦60Trn to close and demand for housing is growing at 20% per anum. The government’s plan to construct 187,000 housing units in Lagos annually over the next 5 years has seen little progress. 65% of the economy remains informal and the government must pay attention to this sector.

Key Insights: Day 1 - WAPI 2019

Summary

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