US EditionReal Estate, Urbanization And Infrastructure Development In Nigeria And Ghana | THE TIMES OF AFRICA
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Real Estate, Urbanization And Infrastructure Development In Nigeria And Ghana | THE TIMES OF AFRICA
The demand for housing in Nigeria is projected to increase by 8% annually, reaching 30 million units by the end of 2025. Factors contributing to this growth include a 2.5% population growth rate, rapid urbanization, and a youthful population forming new households. The real estate market in urban hubs like Lagos and Abuja is forecasted to experience a 10-12% annual price increase, driven by land scarcity, strong demand, inflation, and rising con…
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