News by Country
Published stories attached to Nigeria.
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Octo5 Holdings executive director Lauretta Odusolu says property developers in Lagos must move from a 'build first, solve drainage later' approach to treating flood resilience as part of initial estate design.
Researchers say rapid urbanisation and land reclamation for real estate development in Lagos are reducing the natural flood buffering of wetlands, with more than 60% of the megacity's urban areas projected to face extreme flooding by 2050.
A carefully negotiated commercial lease can give a Nigerian startup financial flexibility and clarity on landlord and tenant responsibilities — but founders must look beyond the advertised rent, property experts advise.
With developable land in Lagos shrinking and prices climbing, developers are turning to high-rise residential buildings to fit more homes on expensive parcels, Elara Development's CEO tells Nairametrics.
Former Nigerian Institute of Town Planners president Nathaniel Atebije says Abuja needs a credible, transparent and predictable property market to protect investors and residents amid ongoing building demolitions.
Springpet Homes Limited has changed its corporate identity to Springpet Development Limited, reflecting an expansion from residential housing into broader real estate and infrastructure development.
Prime land in Lagos costs about $1 million for 507 square metres, making it the second-most expensive market among 11 major African cities surveyed in an Estate Intel report.
Pan-African developer Mixta Africa says the Federal Government’s proposed housing reforms could strengthen buyer protection and boost confidence in Nigeria’s housing market.
Average annual rent for a high-end two-bedroom apartment exceeds $40,000 in Abidjan, Africa’s most expensive rental market, according to a Fortren & Company report.