Real Estate

In Nigeria’s urban centres, particularly Lagos, Abuja and Port Harcourt, recent years have seen a hike in housing prices on a scale that is rarely seen in developing cities. Globally, the highest real estate price rises over the last decade have been recorded in nations such as India, which saw prices rise 284% between 2001 and 2011, and Russia, which saw an increase of 209% in the same period. However, in cities such as Lagos, it is estimated that house prices rose by 400-500% between 1998 and 2008.

~ NBS Real Estate Sector Summary Report: 2010-2012, Pp. 5-6

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