Nigeria Property Index – July 2025 Week 2 Update: Where Prices Are Rising or Falling
Nigeria Property Index – July 2025 Week 2 Update: Where Prices Are Rising or Falling
It’s a new week, and Nigeria’s property market is moving again.
In this Week 2 edition of the July 2025 Property Index, we break down:
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Where prices are rising 📈
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Where they’re dropping 📉
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What buyers, renters, and investors should be watching closely 👀
Let’s dive into the latest numbers — and what they mean for your next move.
📊 Table of Contents
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Nationwide Property Price Overview
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Top Gainers: Cities with Rising Prices
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Price Drops: Where Deals Are Emerging
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Lagos, Abuja, and PH Performance
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My Take: What This Week’s Data Reveals
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Investor Action Plan for This Week
1. 🗺️ Nationwide Price Overview – Week 2, July 2025
| Property Type | Avg Price (₦) | Weekly Change |
|---|---|---|
| Land (500sqm) | ₦3.65M | ▲ +2.1% |
| 3-Bedroom Flat | ₦28.9M | ▲ +1.4% |
| 4-Bedroom Duplex | ₦56.5M | ▼ -1.2% |
| 2-Bedroom Rent (Annual) | ₦1.3M | — No Change |
2. 🚀 Top 5 Cities with Rising Prices
| City | Price Movement | Insight |
|---|---|---|
| Abeokuta | +5.2% | Land demand booming near Kemta |
| Asaba | +4.8% | Diaspora-driven demand heating up |
| Ikorodu | +3.6% | Investors shifting from Lekki |
| Ibadan | +2.9% | Akobo & Oluyole seeing activity |
| Zaria | +2.4% | Student housing push returns |
3. 📉 Where Prices Dropped (Deals Incoming)
| City | Price Drop | Note |
|---|---|---|
| Lekki Phase 1 | -4.2% | Temporary cooling in luxury segment |
| Port Harcourt | -3.1% | Rentals dipped in GRA Phase 1 |
| Abuja (Gwarinpa) | -2.8% | Buyers holding out for better offers |
| Calabar | -2.1% | Shortlet market under pressure |
| Epe | -1.6% | Overpricing led to slower sales |
4. 🔎 Spotlight: Lagos, Abuja, PH
Lagos:
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Hot Zones: Ikorodu, Sangotedo
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Trend: Mid-range properties below ₦35M selling fastest
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Watch: Lekki prices dipping, possible buying opportunity
Abuja:
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Hot Zones: Lugbe, Apo
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Trend: Duplexes slowing, flats rising
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Watch: Gwarinpa softening — time to negotiate
Port Harcourt:
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Hot Zones: GRA 2 & 3
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Trend: Rentals steady; land prices flat
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Watch: Look for deals in GRA 1 this week
5. 💬 My Take on This Week’s Index
This week shows that investors are going local.
Smart buyers are skipping overpriced areas and flooding into:
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Ikorodu (Lagos alternative)
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Abeokuta (Lagos overflow)
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Asaba (diaspora dollar zones)
We’re seeing a “middle market wave” where demand is rising fastest for:
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Land under ₦4M
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Flats under ₦30M
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Duplexes under ₦60M in secondary cities
6. 📈 Investor Action Plan – July Week 2
✅ Buy land in Abeokuta or Zaria before prices jump further
✅ Watch Lekki Phase 1 — short dip could be entry point
✅ Flip mid-range flats in Ibadan or Asaba (₦25M–₦30M)
✅ Avoid overvalued plots in Epe until prices cool
🎯 Remember: Use platforms like PropertyPro.ng, Estate Intel, and LASRERA to verify and compare.
