Real Estate Opportunities in Nigeria to Grow in 2025

Despite challenges like inflation, poor infrastructure, and a weak economy, experts say that Nigeria's real estate market will have many chances for growth in 2025 and beyond.

At a real estate meeting in Lagos, experts shared that there will still be many opportunities for investors in the future. They think more people will invest to protect their money from inflation.

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Demand for homes is high because the population is growing, and there is also more interest in office spaces in cities like Lagos and Abuja. The experts predict that Nigeria's housing market will reach $1.9 trillion by 2024, and grow even more, reaching $3.02 trillion by 2028.

However, there are problems like rising prices and a struggling economy. Experts suggest focusing on building affordable homes and using technology to solve these issues.

They also said that some problems in the real estate market need fixing, such as fake property developers and buildings that are not built well. They pointed out that in 2022, 61 buildings collapsed in Nigeria. To improve, they said Nigeria should use fewer imported materials for building and improve existing housing programs.

To help the market grow, the experts want the government to fund housing projects, support the economy, and improve infrastructure. They also believe more mortgage companies would help people buy homes.