NIGERIA REAL ESTATE MARKET REVIEW H1:2019

NIGERIA REAL ESTATE MARKET REVIEW H1:2019

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Summary

Investment thinking in property is shifting. Some expect the new administration to devalue the currency with the uncertainty around this delaying  property purchasing decisions. Some investors are opting to buy assets out of the country. Many are looking to sell local assets. On this backdrop is the migration of young and middle-aged professionals to Western economies, a fact not lost on the balance sheets of local agents.  The residential real estate market is gradually picking up. Tenants pushed for better deals with Landlords making little or no reductions.  Mini flats,  1  and  2 Bed flats remain favourites.

Source: Northcourt Real Estate Limited

Published: 2019

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