Rising Land Prices in Nigeria: May 2025 Real Estate Market Update

The real estate market in Nigeria is experiencing a significant uptick in land prices as we enter May 2025. A notable trend in the Nigerian property market is the increasing demand for land, particularly in key urban centers such as Lagos, Abuja, and Port Harcourt.

Lagos, known as the commercial hub of Nigeria, continues to attract investors and developers looking to capitalize on the city’s growing economy. The demand for residential, commercial, and mixed-use developments has led to a surge in land prices in prime locations across Lagos.

Property development projects are also on the rise in Nigeria, with a focus on creating sustainable and modern spaces to meet the evolving needs of the population. This development trend is driving up land prices in strategic areas as investors look to secure prime real estate for future projects.

In addition to Lagos, other regions in Nigeria are also experiencing an increase in land prices, driven by factors such as population growth, urbanization, and infrastructure development. As the demand for property continues to grow, land prices are expected to remain on an upward trajectory in the coming months.

Investors and homebuyers looking to enter the Nigerian real estate market should closely monitor property trends, location developments, and price fluctuations to make informed decisions and capitalize on the opportunities available in this dynamic market.