Are you waiting for real estate prices to drop before buying? Here’s what market data and expert predictions say about property prices in Nigeria.
Introduction
Many buyers hesitate, hoping that real estate prices will fall. But is that the right strategy? At Wakama Thompson, we’ve studied the market deeply—and the truth is, waiting might cost you more than acting now.
1. Real Estate Prices in Nigeria: A Look Back
- Land and property prices have risen consistently in cities like Abuja, Lagos, and Asaba.
- Even during recessions, prices tend to flatten—not crash.
2. Factors That Drive Real Estate Prices Up
- Urban migration and population growth
- Infrastructure development (e.g., roads, malls, schools)
- Foreign investments and diasporan interest
3. Is There a Market Correction Coming?
- While global economic shifts can slow down growth, Nigeria’s housing demand far exceeds supply
- Government reforms and housing deficits keep prices steady or rising
4. Should You Wait or Buy Now?
- Waiting might lead to higher costs later
- Properties that are affordable today could double in value in 3–5 years
- Early investors gain the most appreciation
Conclusion: The Best Time to Buy Was Yesterday. The Next Best Time Is Now.
Real estate may cool in some sectors, but in key locations and with trusted developers, it continues to rise. Don’t wait for a drop that may never come.
🔑 Explore fast-selling properties with Wakama Thompson today.
Schedule a viewing or get on our investor list to get ahead of the market.
