Geographic Information
Description of Nigeria
Despite decades of conflict and the fact that nearly three-quarters of the population live in poverty, property prices in Nigeria are showing remarkable resilience. The country is in the midst of a housing boom and international investors are taking note. Not only do key regions of Nigeria present some of the most highest-priced land and real estate anywhere in Africa, but Ikoyi and Victoria Island in Lagos are also reputed for their impressively high rent yields of up to 8 per cent.
What lets the whole affair down in a big way is the way in which roundtrip transaction costs can be as high at 32 per cent of the property’s total value and the authorities are often accused of collecting bribes.
Current Property Prices in Nigeria
Key Facts:
Currency: NIGERIAN NAIRATime Zone: West Africa Time Zone
DialCode: 234
Languages: English
Capital: Abuja
Population: 140,431,790
GDP: $515.431 billion
Latest News & Features for Nigeria
Latest News
Nigeria: 2016’s next big hotspot?
Africa and Asia lead global urbanisation
African art: The big alternative investment?
Watch – Solar power lights up Nigerian village
#TMCWorldCup Match of the Day: Argentina vs Nigeria
Tokyo ranked top for residential property investment
Farmland values in South West UK reach new high
Cairo, Cape Town lead 20 African cities labelled as key commercial property opportunities
African property poised for strong growth
Investments Explained: Residential property
Nigeria to surpass South Africa by 2025
Virgin Nigeria ceases
Global phenomenon
New property sites launched
Africa and Asia lead global urbanisation
African art: The big alternative investment?
Watch – Solar power lights up Nigerian village
#TMCWorldCup Match of the Day: Argentina vs Nigeria
Tokyo ranked top for residential property investment
Farmland values in South West UK reach new high
Cairo, Cape Town lead 20 African cities labelled as key commercial property opportunities
African property poised for strong growth
Investments Explained: Residential property
Nigeria to surpass South Africa by 2025
Virgin Nigeria ceases
Global phenomenon
New property sites launched