Trends in Nigeria’s Luxury Real Estate

As Africa’s real estate sector continues to witness a boom in investment driven by a young population and rural to urban migration, Nigeria is witnessing its share of investments with its real estate growing at 8.7 per cent.

With a rise in the demand for Luxury real estate, players in this sector believe Nigeria’s real estate future remains robust. Dipo Davies: CEO, Real House Communications, Joins CNBC Africa to discuss the trends in Nigeria’s luxury real estate.

He noted that “Our days of getting very high returns on luxury real estate are sort of dropping. The real challenge is the supply. The demand is still there but the issue now is that there are quite a number of luxury blocks coming up in the high end locations”

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