Market valuation estimates put the Nigerian real estate market at about $2.60tn, with residential properties representing the largest portion of total asset value, The PUNCH reports.
According to the Nigeria Real Estate Report 2026, prepared by Ubosi Eleh + Co, an estate surveying and valuation firm, demand growth continued to reflect demographic expansion, urban migration, and a housing supply deficit estimated at over 22 million units.
The report, which was presented recently at the 35th anniversary of the firm, explained that the nation’s real estate sector sustained structural relevance to the national economy in 2025.
It added that the combined real estate and construction sectors accounted for nearly 18 per cent of national output, reinforcing the sector’s role as a central engine of urbanisation and investment activity.
The report maintained that recent macroeconomic reforms, currency stabilisation efforts, and improving investor sentiment supported renewed activity across major property segments, particularly commercial assets and infrastructure-linked developments.
