Lagos (Nigeria) Real Estate Investment Report Q3:2017
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Summary
Investment : International investors are once again beginning to take a closer look at opportunities in the
Nigerian markets as they search for higher yields in distressed opportunities
Prime Land : Prime land prices have remained stable in Naira and Dollar terms with a low appreciation rate
of just one per cent over the last year
Commercial- Office : The downward re-pricing of office space rents in a weak market has brought the price point
of Class B space low enough to allow access to a new audience of professional service firms formerly using
converted residential accommodation for offices
Student Housing : The sector offers high yields and stable cashflow on the back of strong demand and limited
supply. However financing challenges exist due to the long term nature of the investment and
institutional preference for risk free treasury bills
