Nigerian Real Estate Sector Shows Resilience Amidst Economic Challenges

The Nigerian real estate market demonstrates remarkable resilience in the face of economic headwinds. Despite inflationary pressures and currency fluctuations, the sector continues to attract both domestic and foreign investments. Industry experts attribute this resilience to the country’s growing population and rapid urbanisation, which fuel demand for residential and commercial properties. However, challenges persist, including inadequate infrastructure and complex land tenure systems. Government initiatives aimed at streamlining property registration and improving access to mortgage financing are expected to further bolster the sector’s growth. As Nigeria’s economy diversifies, the real estate market is poised to play a crucial role in driving economic development and urban renewal.