Here’s your end-of-month insight into how Nigeria’s property market moved in the final week of July.
From surging demand in Lagos Mainland to declining prices in Kaduna, we’re tracking every shift that matters.
🗺️ Nationwide Summary – July Week 5 Highlights
| Location | Average Sale Price (₦) | Change (%) | Average Rent (₦/Month) | Change (%) |
|---|---|---|---|---|
| Lagos Mainland | ₦70,000,000 | +1.2% | ₦750,000 | +0.8% |
| Lagos Island | ₦130,000,000 | +0.3% | ₦1,200,000 | -0.5% |
| Abuja (FCT) | ₦95,000,000 | +0.7% | ₦800,000 | +0.2% |
| Port Harcourt | ₦60,000,000 | -0.6% | ₦500,000 | -1.1% |
| Enugu | ₦38,000,000 | +0.9% | ₦420,000 | +1.3% |
| Kaduna | ₦25,000,000 | -1.4% | ₦280,000 | -0.8% |
| Ibadan | ₦40,000,000 | +0.4% | ₦350,000 | 0.0% |
Data sourced from public listings and market activity trends via NigeriaPropertyCentre and PropertyPro.
📈 Key Observations
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Lagos Mainland continues to lead rent growth, driven by surging urban migration and stable new builds.
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Kaduna saw the steepest drop in sales prices this week — possibly due to market corrections and developer overhang.
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Enugu posted the highest rent growth, reflecting increased demand from returnees and civil servants.
💡 What This Means for Investors
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Buy in Enugu now: With rents rising and prices still moderate, investors can secure strong rental yields.
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Lagos Mainland is HOT: Both sale and rental prices are inching up, making it ideal for short-to-mid-term gains.
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Caution in Port Harcourt: Negative growth this week may be short-term, but it’s wise to monitor closely.
🧠 Pro Tips
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Use platforms like PropertyPro.ng and NigeriaPropertyCentre to cross-check deals.
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Always compare price per sqm to validate ROI.
