Nigeria’s Real Estate Market Set for Explosive Growth, to Hit ₦2.25 Trillion by 2025
Written by Olakunle Oke on January 28, 2025
A recent report has predicted that Nigeria’s real estate market will experience significant growth, reaching a staggering ₦2.25 trillion by 2025. This projection was made by Dangiwa, a real estate expert, who cited increasing demand for housing and infrastructure development as key drivers of the market’s growth.
The report highlights the potential for Nigeria’s real estate market to become a major contributor to the country’s economy. With a growing population and urbanization, the demand for housing and commercial properties is expected to rise, driving investment in the sector.
Dangiwa noted that the government’s efforts to improve infrastructure, such as roads, bridges, and transportation systems, will also play a crucial role in the growth of the real estate market. Additionally, the increasing adoption of technology in the sector, such as online property marketplaces and digital payment systems, is expected to enhance transparency and efficiency in the market.
The projected growth of Nigeria’s real estate market is expected to create opportunities for investors, developers, and other stakeholders in the sector. However, the report also highlights the need for the government to address challenges such as inadequate funding, regulatory issues, and infrastructure deficits to ensure the sustainable growth of the market.
Overall, the report suggests that Nigeria’s real estate market is poised for significant growth, driven by increasing demand, infrastructure development, and technological advancements.
