Investment: Economic indicators are positive with exchange rate stability, growing reserves and falling inflation. However, non-oil sector growth remains very poor.
Prime Land:Prices have remained resilient with a 3 per cent growth rate across the prime locations tracked.
Commercial Office: The sector continued to suffer from low occupancies in 2018 brought about by an overhang of new space coupled with low demand in a weak economy.
Residential: The market is constrained by a lack of consumer spending power however well-located and attractively priced properties in areas such as Lekki and mainland perennials such as Ilupeju and Yaba continue to find ready buyers. Hospitality: Occupancies are rising from 2017 lows of below 50 per cent. As long as the mid-term outlook continues to look strong, we can expect occupancy and ADR indicators to reflect positively.
