Rising Land Costs Drive Vertical Urban Development in Nigeria
Nigeria's urban skyline transforms as high land prices push developers to build upwards. Experts urge infrastructure and safety reforms to sustain vertical growth amid rapid urbanization.
Category : Real Estate
Powell Homes Unveils Wonderland Estate in Enugu
Powell Homes and Shelters Ltd begins construction of Wonderland Estate in Emene, Enugu, offering affordable, mortgage-friendly housing with green spaces and recreational facilities.
Landgate Investments to Deliver 800 Housing Units in Lagos, Ogun
Landgate Investments pledges over 800 housing units across Lagos and Ogun states, including student hostels and affordable homes, with phased delivery starting Q2 2026.
Lagos Lady's N250,000 Rent Unchanged Since 2020
A Nigerian lady on X reveals her family pays N250,000 for a 3-bedroom apartment in Lagos since 2020, with no rent increase. Similar houses cost N1.2 million.
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Abuja Estate Aims to Attract Diaspora and Foreign Investors
Rosefield Industries launches Maliyah Hills Estate in Abuja, a diaspora-friendly investment hub. The project promises modern, secure housing for local and foreign buyers, with quality infrastructure and long-term value.
Flexible Savings Plan for Land and Homes in Abuja
Kendee Cooperative offers a flexible savings plan starting at ₦20,000 with annual returns up to 20%, helping Nigerians buy land or homes in Abuja. Over 400 active savers benefit from the program.
Real Estate Firms Launch AgriNova for Agro-Real Estate
A consortium of Nigerian real estate firms establishes AgriNova to provide structured, transparent agro-real estate investments, combining land ownership with agricultural production.
Otu Flags Off 1,000-Unit Housing Scheme for Civil Servants
Governor Bassey Otu of Cross River State has launched a 1,000-unit 'People-First' housing scheme for civil servants in Akpabuyo, aiming to improve welfare and provide affordable homeownership.
Flinx Realty Delivers 18th Residential Project in Surulere
Flinx Realty has handed over its Bristol Apartment in Surulere, its 18th residential project since 2020, adding over 400 housing units to its portfolio amid Nigeria's housing deficit.
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Abuja Landlord's Two-Year Rent Demand Angers Tenant
A man in Abuja laments after a landlord insists the apartment is only for civil servants, yet demands two years' rent upfront, calling it unaffordable.
Lagos Unveils 'Blue Book' for Land Valuation Reform
Lagos State launches revised Fair Market Value framework and 'Blue Book' to enhance transparency, accuracy, and ease of doing business in land transactions.
7 Checks Before Buying a Used Car in Nigeria
Buying a used car in Nigeria? Avoid costly mistakes by checking engine, documents, mileage, transmission, suspension, electronics, and accident history.
Xiaomi Launches REDMI A7 Pro in Nigeria with HyperOS 3
Xiaomi introduces REDMI A7 Pro in Nigeria with a 6.9-inch display, 6000mAh battery, and HyperOS 3. Available in four colors starting at ₦126,300.
Afriland Properties Hits N4.07bn Revenue, Declares Dividend
Afriland Properties Plc reports N4.07bn revenue for 2025, up 8% from prior year. Gross profit rises to N3.51bn. Dividend of 24 kobo per share approved.
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Housing Minister Resumes, Vows Sustainability in Projects
New Minister of Housing Muttaqha Rabe Darma resumes duty, promising sustainability in housing projects and urging occupants to maintain homes, not rely on government.
UPDC MD Warns on Diaspora Investment Risks, Housing Challenges
UPDC MD Odunayo Ojo highlights risks for diaspora investors and barriers to affordable housing, calling for government support and verification.
Metro & Castle Provides Affordable Luxury Homes in Lagos
Metro & Castle focuses on affordable luxury homes and community development in Lagos, targeting diaspora Nigerians. CEO Abdul Adekunle shares progress on housing units and retail outlets.
Infrastructure, Urban Renewal Reshape Nigeria Housing
A new report reveals that infrastructure projects and urban renewal are transforming Nigeria's real estate market, with rental prices rising and regional demand shifting across the country.
Policy Alignment Key to Unlocking Nigeria Housing Potential
Ezekiel Ryan of Zeeks Homes highlights policy alignment as crucial for Nigeria's housing sector, emphasizing mid-income housing, incremental building, and technology adoption.
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Lagos Allocates Land for Downtown Commercial City
Lagos State allocates land for Downtown Lagos in Ibeju-Lekki, a private commercial city project, as infrastructure and investments drive urban expansion.
QShelter's 2004 M00VE Experience Promotes Fitness and Housing
QShelter Limited partnered with The Fitness Religion Company to host the first '2004 M00VE Experience' fitness event at the 2004 Estate in Lagos, featuring marathons, aerobics, and sports activities to promote wellness and showcase sustainable housing sol
Data Gaps Undermine Real Estate Investment Decisions
Incomplete or outdated data in real estate leads to inaccurate valuations, flawed financial analysis, and reduced investor confidence, highlighting the need for technology-driven solutions to bridge information gaps.
Abuja Access Drives Real Estate ROI in Kurudu
Improved road connectivity to Abuja's Central Business District is fueling real estate growth in Kurudu, with rental values rising and developments like Delliot Residences offering investment opportunities.
Akwa Ibom Governor Eno Completes 1,048 Housing Units in 3 Years
Akwa Ibom State Commissioner Aniekan Umanah announces Governor Umo Eno's administration has completed and delivered 1,048 housing units across various sectors in three years, including free homes for civil servants and vulnerable persons.
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Nasarawa Traders Alarm Over Illegal Government Land Sale in Lafia
Traders in Nasarawa State have raised concerns about the illegal sale of government-owned land in Lafia, calling for intervention to prevent potential unrest.
Energy, Transport Costs Drive Office Space Demand Mismatch
Rising energy and transportation costs in Nigeria, especially in Lagos, are forcing businesses to adopt remote and hybrid work models, leading to a mismatch in office space demand and supply, with vacancy rates increasing.
NIESV Charts Real Estate Strategy for Infrastructure Corridors
Estate surveyors and valuers from NIESV have detailed strategies to align real estate development with infrastructure investments, emphasizing data-driven planning and sustainable urban growth in Nigeria.
Gas-Powered Hubs Advocated to Cut Nigeria's Housing Costs
Industry stakeholders urge the establishment of gas-powered industrial hubs for local building materials to tackle Nigeria's 22 million housing deficit and reduce costs, as discussed at a Port Harcourt summit.
Periwinkle Launches Luxury High-Rise Joint Venture in Banana Island
Periwinkle Empire partners with Bozac Continental and Legacy Automobile to develop a luxury high-rise condominium in Banana Island, Lagos, targeting premium residential demand.
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FG Hands Over 200 Housing Units to Kwara Government (19.04.2026)
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, following full payment by the state, marking a key step in affordable housing initiatives.
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