Nigeria Real Estate Market Review : H1 2021

Nigeria Real Estate Market Review : H1 2021

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Summary

Nigeria's economy is projected to grow by 1.5% in 2021 and 2.9% in 2022. Improved global economic conditions and improved local revenues from rising oil prices and improved production levels should narrow the fiscal and current deficits to 4.6% and 2.3% of GDP. Lagos remains a desirable location. Estimates suggest that more than 70% of office employees are back to their desks or alternating days spent at home. Analysts argue that no completely new trends have been thrown up by the pandemic itself - only an acceleration of existing market movements. 

Source: Northcourt Real Estate Limited

Published: 2021

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