News by Country
Published stories attached to Nigeria.
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Real estate stakeholders have flagged off work on a new 50-hectare residential project in Abuja's Kansas district, positioning private-sector collaboration as key to closing Nigeria's over 20 million-unit housing gap.
A report by the Housing Development Advocacy Network says Nigeria's mortgage penetration remains extremely low, blaming short-term money, high interest rates and weak land administration rather than a lack of demand.
The Federal Mortgage Bank of Nigeria has launched its Diaspora Mortgage Loan in London, giving Nigerians abroad a formal channel to finance homes in Nigeria under the NHF scheme.
Analysts say persistent rental growth across cities is strengthening the case for patient capital to invest in larger residential assets, with mid-market multifamily properties emerging as a focus.
The Chief Emeka Agba Foundation has petitioned Nigeria's EFCC to examine Dubai-based Rise Properties LLC ahead of property investment marketing events scheduled for Abuja in September.
Abuja faces an estimated 1.7 million-unit housing deficit, with many luxury properties standing under-occupied while residents struggle to afford homes, a new HDAN report warns.
Victoria Island is expected to deliver more than 602 residential units in 2026 as developers expand housing supply across the Lagos district, a new Estate Intel report shows.
The Federal Housing Authority holds property worth nearly N5 trillion, its Managing Director Oyetunde Ojo has said, adding that 10,000 to 15,000 housing units are ready for delivery.
A real estate expert warns that the rapid conversion of Lagos homes into short-term rentals is shrinking the long-term housing supply, pushing up rents and pricing workers out of the city's commercial centres.