📊 Overview: July 2025, Week 3
Nigeria’s real estate market continues its upward trend as we enter the third week of July 2025. Average asking prices rose slightly in most urban cities while Ibadan and Asaba saw notable interest in land and budget flats. Here’s a quick breakdown:
🔝 Top 5 Cities by Market Activity
| Rank | City | Activity Level | Week-over-Week Change |
|---|---|---|---|
| 1 | Lagos | 🔥 Very High | ⬆️ +1.7% in prices |
| 2 | Abuja | 🔥 High | ⬆️ +1.2% |
| 3 | Port Harcourt | 🚀 Rising | ⬆️ +2.3% |
| 4 | Ibadan | 📈 Increasing | ⬆️ +1.9% |
| 5 | Asaba | 💡 Trending | ⬆️ +2.5% |
📍 Weekly Price Movement by Property Type
| Property Type | National Avg Price | % Change (vs. last week) |
|---|---|---|
| Land (Per sqm) | ₦6,850 | ⬆️ +1.5% |
| 2-Bed Flat (Rent) | ₦680,000/year | ➡️ Stable |
| 3-Bed Flat (Sale) | ₦31.2M | ⬆️ +1.1% |
| Duplex (Rent) | ₦1.65M/year | ⬇️ -0.5% |
| Self-Contain (Rent) | ₦310,000/year | ➡️ Stable |
🧠 Market Insights
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Lagos Mainland: Rental prices are holding steady in places like Ogba and Agege. Ikorodu land prices saw a +3.1% jump.
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Abuja: Gwarinpa remains the most searched, but Lugbe and Kubwa are gaining more traction due to affordability.
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Port Harcourt: Developers are actively marketing new builds in Elelenwo and Rumuodara.
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Ibadan: Moniya, Akobo, and Challenge areas see fast-rising land demand.
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Asaba: Lands around Okpanam and Ibusa are seeing increased searches by diaspora buyers.
📈 Investment Signals to Watch
🔔 Low-Risk Picks:
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Land in Ibadan & Abeokuta (under ₦2M still possible)
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Mini flats in Akure or Uyo (stable rental yields)
🚀 Growth Markets:
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Asaba outskirts
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Rumuodara/Elelenwo PHC
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Epe/Ibeju-Lekki corridors (though slowing)
⛔ Cooling Markets:
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Rent in mainland Lagos is softening
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High-end flats in Banana Island have slowed in viewing requests
💬 What This Means
Real estate activity remains strong, especially in growth belt zones like Asaba, Ibadan, and PHC. Investors should consider moving now before the Q4 surge when diaspora activity spikes further.
Watch out for developers offering pre-launch prices this month — especially in emerging suburbs.
