Nigeria Property Index: Prices, Trends and History

The Nigeria Property Index tracks what Nigerian property actually costs and where demand is moving. Readings are published weekly and cover asking prices, absorption and segment performance across Lagos, Abuja and the major secondary cities.

This page is the permanent home of the index. It carries the latest reading in full, the record of every weekly edition since July 2025, and the patterns that hold across the series.

Latest reading — week ending 28 September 2026

The mid-market and suburban residential segments continued to show resilience. Construction costs remain elevated, buyer demand is selective and affordability pressures persist — but well-located mid-tier and suburban assets are performing more steadily than luxury and speculative stock.

Four things stand out in the current reading:

• Mid-market residential — particularly 2- and 3-bedroom apartments in established estates — records the most consistent enquiry and transaction activity.
• Suburban and emerging corridors are absorbing stock faster than prime luxury pockets.
• Completed and near-completed units with clear documentation are preferred over early-stage off-plan projects.
• Negotiation room is common, with many transactions closing below the initial asking price.

Segment performance

City highlights

Lagos

Mainland and growth-corridor locations continue to attract steady mid-market demand. Areas with reasonable access, security and power solutions are seeing better occupancy and faster decision-making from both end users and investors. Island and high-end Lekki stock remains more selective.

Abuja

Mid-tier and satellite districts are showing firmer activity than prime districts. Buyers and renters continue to prioritise value, accessibility and liveability over prestige locations in many cases.

Secondary cities

Markets such as Ibadan, Port Harcourt and Enugu are recording gradual, location-specific movement. Local demand fundamentals and infrastructure quality remain the key differentiators.

What the index has shown since July 2025

This series now covers 42 weekly readings. Across them, a clear pattern emerges.

Price momentum peaked in late March 2026 and then decelerated steadily through the second quarter:

That is six consecutive readings of slowing growth — a fall of three percentage points in under two months. From late May the index stopped reporting outright price growth and began describing conditions in terms of resilience and consolidation instead. Readings since then have emphasised steady demand rather than rising prices.

Three themes have held throughout the series:

• Mid-market outperforms luxury. Every reading in 2026 places mid-market residential at the top of segment performance. Prime and luxury stock is consistently described as selective, with longer decision cycles.
• Suburban and satellite locations lead. Value, space and infrastructure quality matter more to buyers than prestige addresses.
• Documentation is decisive. Completed stock with clear title is preferred over off-plan throughout, and the preference strengthened as delivery concerns grew.

City-level spotlights in the fourth quarter of 2025 recorded residential growth of 12% in Enugu, commercial growth of 10% in Calabar, industrial growth of 10% in Kaduna and residential growth of 8% in Jos — evidence that secondary cities were moving independently of Lagos and Abuja.

Index history

Every weekly reading since July 2025, with the headline month-on-month figure where one was published.

How to use the index

The index is a directional guide, not a valuation. It aggregates asking prices and observed activity across major cities; it does not replace a professional valuation on a specific property, and it does not account for the condition, title status or exact location of any individual asset.

It is most useful for three things: tracking whether the market is heating or cooling, comparing segments when deciding where to buy, and sense-checking an asking price against the wider market before you negotiate.

Frequently asked questions

How often is the Nigeria Property Index updated?

Weekly. Each reading covers the preceding week and is published as a dated snapshot.

Which cities does it cover?

Lagos and Abuja in every reading, plus rotating coverage of Ibadan, Port Harcourt, Enugu, Calabar, Kaduna and Jos.

Does the index cover rental prices as well as sale prices?

The index covers asking prices and market activity across residential and selected commercial segments, including rental-relevant demand signals such as absorption and enquiry levels.

Is the index a valuation of my property?

No. It is a market-level indicator. For a specific property you need a professional valuation that accounts for the individual asset.

Where can I see the underlying weekly editions?

This page consolidates them. Older weekly URLs redirect here so the historical record stays in one place.