1. Study Market Indicators: Supply versus Demand: Are more houses for sale than buyers, or vice versa? Price Trends: Are prices rising, falling or stable? Days on Market (DOM): How long do listings stay up before selling? Faster sales usually mean high demand. 2. Know the types of Markets: Buyer's Market: More homes for sale than buyers- prices drop. Seller's Market: More buyers than homes -...
Overview of the Nigerian Real Estate Industry The Nigerian real estate industry is one of the fastest-growing sectors in West Africa, driven by: Rapid urbanization A growing middle class Housing deficit (estimated over 17 million units) Increase in foreign direct investment (FDI) and infrastructure development Key Segments Residential: Affordable housing, luxury homes,...
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