Residential market-The low income sector of the housing market continues to remain the unattainable holy grail of the residential sector. Demand is huge while supply of low income housing of any decent standard remains a trickle. The key to this sector of the market is affordability.
Commercial market-Victoria Island with circa 290,000 square metres of leasable institutional office space of 7 floors and above followed by Ikoyi with circa 55,000 square metres of leasable space are the primary commercial office hubs in Lagos.
Retail market-Nigeria remains the most favourable destination for retail in Africa driven by the fundamentals of an increasing population, rising real wages from increase in GDP per capita and growing urbanisation.
Real Estate Financing-With the recent Central Bank policy of quantitative tightening in order to keep inflation under control accompanied by the policy of Naira stability via among others the use of high interest rates to attract and retain foreign capital (hot money), the local real economy continues to reel from high interest rates of 20 per cent and above.