MARKET 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 cash-flow 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.