Nigeria Property Index: Monday, 18th August 2025
Residential Market Snapshot
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Average House Price (Nationwide): ₦63.5 million
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Average Rent (Nationwide): ₦2.8 million per year
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Most Expensive City: Lagos – ₦95.2 million average sale price
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Fastest Growing City: Abuja – 12% YoY increase in house prices
Commercial Market Snapshot
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Office Space Average Rent (Nationwide): ₦55,000 per sqm/year
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Lagos CBD (Victoria Island, Ikoyi): ₦120,000 per sqm/year
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Abuja (Central Area): ₦85,000 per sqm/year
Land Market Snapshot
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Average Land Price (Nationwide): ₦42 million per plot
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Most Expensive: Banana Island, Lagos – ₦1.2 billion per plot
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Emerging Hotspot: Ibeju-Lekki, Lagos – ₦30 million average, 15% YoY growth
Why It Matters
Investors and homebuyers use these weekly updates to track affordability, growth hotspots, and market risk. Lagos and Abuja continue to dominate, but smaller cities like Ibadan and Port Harcourt are showing steady gains.
My Take
The data shows demand is still concentrated in high-value corridors, but secondary cities are where early investors will make the biggest percentage gains.
Thinking of buying, selling, or investing in property this year? Use these numbers to guide your decision.
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