Recent research of PriceWaterhouseCooper has provided an interesting forecast that Nigeria is going to become a ‘city of renters’ by the year 2025 because of the house prices that will make buying property in the capital unaffordable for more than 60% of inhabitants. The point is that nowadays, young people aged between 20 and 40 are being priced out of the buying market and have nothing to do but become renters. This means that soon there will be less houses for sale, but should you wish to buy-to-let you would not have any difficulties in finding tenants.

In the year 2018, the Nigeria buying market still seems very attractive for both locals, and foreigners. If you intend to buy property in Nigeria in the near future, visit the site for a comprehensive assistance. A team of estate experts at Ready Property provides a broad range of professional services in the complex property market of Nigeria and beyond. We scrupulously monitor all market trends and changes in the industry and update our extensive property database on a daily basis.

One of the current trends is that the luxury-end of the market with homes over 1 million has experienced a slow-down in the last years with changes to Stamp Duty in 2020. 

Another trend is that the British government is now making efforts towards creating more affordable homes in the capital by funding construction programmes in the re-developed areas. Some of these homes are available for sale right now. 


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