This shortfall presents not just a challenge but also one of the biggest opportunities in Nigeria’s real estate sector. For developers, investors, and even everyday Nigerians, the gap in housing underscores a massive potential market.
According to a World Bank report, the demand for affordable housing in Nigeria far outpaces supply. Urbanisation, population growth, and rising income levels continue to drive the need for homes, yet development lags behind.
At Property Media Week (PMW), we believe this gap is also an opportunity. Whether through affordable housing projects, innovative financing models, or sustainable real estate investments, stakeholders have a chance to reshape Nigeria’s property market.
To put it in perspective:
- Nigeria needs 22 million new housing units.
- The real estate sector is valued at over N20 trillion, with potential for exponential growth.
- Affordable housing remains the most untapped niche in the market.
Investors who act now stand to benefit greatly, while also contributing to reducing the housing gap.
For more insights, explore PMW’s guide on real estate investment opportunities in Nigeria and our feature on affordable housing trends in Africa.
At Property Media Week, we’re committed to spotlighting solutions, opportunities, and deals that can help bridge the deficit and empower individuals to secure their future.
