By Adebayo Tobi

Nigeria’s housing conversation has focused heavily on one question: How many homes does the country need to build?

With the country facing a housing deficit estimated at more than 28 million units, increasing housing supply is clearly important. But there is another question that deserves just as much attention: How many Nigerians can actually afford the homes being delivered?

That question could define the next phase of Nigeria’s housing and real estate market.

Across Lagos, Abuja, Port Harcourt, Ibadan and other growing urban centres, residential development continues to expand. New estates, apartments and gated communities are appearing in areas where demand for housing remains strong.

Yet a growing number of Nigerians are finding themselves priced out of homeownership.

READ ALSO : Why Government JVs Struggle to Deliver Affordable Housing in Nigeria

The house may exist, but can people afford it?

Housing affordability is not simply about the price attached to a property.

For a prospective homeowner, affordability also depends on income, mortgage rates, deposit requirements, land costs, construction expenses, transportation, infrastructure charges and the general cost of living.

This means that a property can be technically available without being financially accessible.

A young professional may have a stable income and still struggle to raise the required deposit. A family may be able to afford monthly payments but not the initial equity contribution. Another household may find a property within its budget but reject it because its location creates unaffordable transportation costs.

These realities show why Nigeria’s housing challenge cannot be solved by construction alone.

The affordability gap is widening

The cost of delivering housing has become a major concern for developers and buyers.

Land, building materials, labour, infrastructure and financing all influence the final price of a property. When these costs rise, developers face pressure to increase selling prices or reduce the scale and specifications of projects.

Buyers, meanwhile, are dealing with household incomes that may not increase at the same pace as property prices.

This creates what can be described as an affordability gap  the distance between the cost of available housing and what households can realistically pay.

Closing that gap should become a central part of Nigeria’s housing conversation.

Developers must understand the real market

The private sector has an important role to play.

Developers naturally respond to market opportunities, and there will always be demand for premium residential developments. But Nigeria also needs housing products designed around the purchasing power of the broader population.

The question should not only be, “What can we build?”

It should also be:

“Who is the intended buyer, and can that buyer realistically afford it?”

This requires developers to pay closer attention to housing design, location, construction methods, infrastructure costs and payment structures.

Smaller but well-planned homes, efficient designs and phased developments could provide alternative ways of reducing the entry cost for some buyers.

Financing remains a critical piece

Even where property prices are relatively manageable, access to long-term housing finance remains important.

For many households, homeownership cannot be achieved through savings alone. A functioning mortgage market, longer repayment periods and suitable financing products can help spread the cost of purchasing a home over a period that is more consistent with household income.

Developers and financial institutions also have room to explore innovative payment models that can make property acquisition more accessible.

The objective should be simple: make the journey to homeownership financially realistic.

Government also has a role

The affordability challenge cannot be left entirely to developers.

Government policies on land, taxation, infrastructure, planning, building regulation and housing finance can significantly influence the cost of delivering homes.

Efficient land administration can reduce delays and uncertainty. Better infrastructure planning can reduce the burden developers pass on to buyers. Clear and predictable regulations can also improve the environment for housing investment.

At the same time, housing policy must recognise that affordable housing is not simply about constructing cheaper buildings. It is about creating communities where people can live safely and sustainably without housing consuming an unreasonable share of their income.

The opportunity in Nigeria’s housing market

Nigeria’s housing challenge is enormous, but so is the opportunity.

Millions of people need decent homes, while developers, investors, financial institutions and construction professionals are searching for sustainable opportunities.

The market can bring these interests together if affordability becomes a stronger part of the development equation.

Nigeria does not only need more houses.

It needs more homes that ordinary working Nigerians can realistically aspire to own.

The future of the housing industry should therefore be measured not only by the number of units delivered, but also by whether those units create genuine pathways to homeownership.

The biggest opportunity may be found in the space between what Nigerians need, what they earn, and what the market currently offers.

Bridging that gap will require collaboration, innovation and a willingness to rethink conventional approaches to housing delivery.

The post Nigeria’s Housing Market Needs Homes People Can Actually Afford appeared first on Housing TV Africa.

Nigeria is moving to strengthen its off-plan housing market through proposed regulatory reforms designed to improve transparency, protect homebuyers, and rebuild investor confidence in property transactions. Industry stakeholders believe the reforms could unlock greater homeownership opportunities while attracting more domestic and international investment into the real estate sector.

Off-plan housing, where buyers purchase properties before construction is completed, has become an increasingly popular financing model for developers. The approach enables developers to raise capital during construction while allowing buyers to spread payments over time. However, the market has also faced persistent challenges, including delayed project delivery, abandoned developments, and cases of fraud that have weakened public confidence.

To address these concerns, the Federal Government is proposing reforms that would require property developers to operate under stricter regulatory oversight. Among the measures being considered are mandatory licensing of developers, stronger consumer protection standards, and the introduction of regulated escrow accounts, where buyers’ funds would be securely held and released only as construction milestones are achieved.

Industry experts say these safeguards would significantly reduce the risk faced by homebuyers while encouraging greater accountability among developers. They argue that improving trust in off-plan transactions will make it easier for more Nigerians to purchase homes through flexible payment plans and provide developers with more reliable financing for new housing projects.

Stakeholders also believe the reforms could stimulate private investment by creating a more transparent and predictable real estate market. A well-regulated off-plan housing system is expected to attract institutional investors, mortgage providers, and members of the Nigerian diaspora seeking secure opportunities in the country’s property market.

Beyond consumer protection, experts say the reforms could help address Nigeria’s housing deficit by accelerating residential construction and expanding access to affordable homeownership. Improved regulation may also encourage developers to adopt better project management practices, meet delivery timelines, and maintain higher construction standards.

The proposed reforms align with the Federal Government’s broader efforts to modernise Nigeria’s housing sector through improved regulation, expanded housing finance, and increased private sector participation. Housing professionals maintain that restoring confidence in off-plan property transactions will be essential to creating a more resilient and sustainable real estate market capable of meeting the country’s growing housing demand.

The post Nigeria Moves to Reform Off-Plan Housing Market to Boost Buyer Confidence appeared first on Housing TV Africa.

The Real Estate Developers Association of Nigeria (REDAN) has called for the introduction of an annual certification system for real estate developers as part of broader efforts to improve professionalism, strengthen regulatory compliance, and reduce fraud in Nigeria’s property sector. The association believes regular certification will help restore public confidence and promote higher standards across the industry.

Speaking on the proposal, REDAN President Prince Akintoye Adeoye said annual certification would enable regulators to monitor developers more effectively, ensure continued compliance with industry standards, and identify operators who fail to meet professional and ethical requirements. He noted that stronger oversight is necessary to protect investors and homebuyers from fraudulent practices.

Adeoye explained that the proposed certification framework would encourage developers to maintain high standards in project execution, financial accountability, and customer service. He added that it would also make it easier for the public to distinguish legitimate developers from unregistered operators responsible for many cases of property fraud, project abandonment, and substandard construction.

According to him, Nigeria’s real estate industry requires a more structured regulatory framework that promotes transparency, accountability, and professionalism. He urged the Federal Government and relevant regulatory agencies to work closely with REDAN and other stakeholders to develop and implement a sustainable certification and monitoring system for developers nationwide.

The REDAN president also stressed the importance of enforcing existing building regulations, planning approvals, and professional standards to reduce building collapses and improve the quality of housing delivery. He said certification should complement broader reforms aimed at strengthening governance within the housing and construction sectors.

Industry experts believe that introducing annual certification for developers would improve consumer protection, increase investor confidence, discourage fraudulent activities, and contribute to the long-term growth and sustainability of Nigeria’s real estate market.

The post REDAN Advocates Annual Certification for Real Estate Developers appeared first on Housing TV Africa.

Real estate developers across Nigeria are facing increasing pressure as worsening economic conditions tighten profit margins, delay projects, and force major changes in housing delivery strategies.

This was revealed in a 2026 real estate market outlook released by the Managing Director of Legendary Foreshore, Victor Ameh, who warned that inflation, foreign exchange volatility, and limited access to structured financing have created one of the sector’s toughest operating environments in recent years.

According to the report, rising construction costs remain one of the biggest challenges confronting developers.

Nigeria’s dependence on imported building materials has exposed the housing sector to severe foreign exchange fluctuations, with changes in the value of the naira significantly increasing project costs.

The report noted that many developers who priced projects months or years earlier are now struggling with massive cost overruns, making several developments financially unsustainable before completion.

As a result, some firms have been forced to suspend construction activities, reduce project scope, or reconsider delivery timelines.

Persistent inflation has also continued to drive up the prices of cement, steel, fittings, labour, and other construction inputs, placing additional pressure on developers already battling unstable exchange rates.

However, developers are finding it increasingly difficult to transfer rising costs to buyers due to worsening affordability challenges in the housing market.

The report identified affordability as the most critical factor shaping Nigeria’s real estate sector in 2026.

While property development costs continue to rise, the purchasing power of Nigerians has weakened significantly amid the broader cost-of-living crisis.

With households spending more on food, transportation, energy, and other necessities, fewer Nigerians can afford expensive rents, mortgages, or high-end property investments.

This trend has led to slower property sales, reduced demand, and weaker absorption rates, especially in the mid- and high-income housing segments.

“Developments that are not aligned with real income levels will struggle, no matter how premium the branding,” the report stated.

Analysts believe the situation reflects a structural shift in Nigeria’s housing market, where future success will depend largely on developers’ ability to align pricing, housing designs, and financing models with the realities of consumer income levels.

Stakeholders also warned that without deliberate government intervention to improve access to affordable financing and stabilise construction input costs, Nigeria’s real estate sector may experience prolonged stagnation.

The report further stressed the need for innovative housing solutions, flexible payment systems, and sustainable financing frameworks capable of supporting both developers and homebuyers amid ongoing economic uncertainty.

The post Nigeria Real Estate Developers Battle Rising Costs, Weak Housing Demand In 2026 appeared first on Housing TV Africa.

As housing demand rises across Africa, the Africa International Housing Show (AIHS) is fast becoming a major business platform for real estate developers, building materials manufacturers and home interior companies.

Ahead of its 20th anniversary “Legacy Edition,” stakeholders say the annual event has evolved beyond a traditional exhibition into a marketplace for deals, partnerships and industry-wide transformation.

Boosting Sales, Expanding Markets

Participants say AIHS offers a direct route to market by connecting exhibitors with thousands of prospective buyers, real estate investors, and key government agencies.

Many companies have reported securing bulk product orders, closing property sales and establishing distribution partnerships during the event.

For several industry players, AIHS is increasingly seen as a place where business transactions are executed rather than merely showcased.

Gateway to International Opportunities

With participants drawn from more than 25 countries, the platform is also opening doors to cross-border partnerships and export opportunities.

Local manufacturers of building materials and home interior brands benefit from increased visibility, enabling them to access new markets across Africa.

Access to Decision Makers

Industry stakeholders highlight access as one of AIHS’ strongest advantages. The event convenes top-level decision makers, including government officials, chief executives of real estate firms, and representatives of financial institutions.

This convergence creates opportunities for policy engagement, strategic alliances and large-scale project deals that are often difficult to secure elsewhere.

Platform for Innovation

AIHS also provides a stage for companies to unveil new products and solutions. Exhibitors showcase innovative building materials, modern interior designs, and smart, environmentally sustainable housing technologies.

Through initiatives such as the AIHS Innovation Arena, participants can pitch ideas to investors, attract distributors and gain media exposure.

Enhancing Brand Visibility

Exhibitors benefit from extensive exposure through exhibition stands, traditional media coverage and digital amplification.

Stakeholders say this visibility helps companies build credibility, strengthen brand reputation and position themselves as leaders within the housing sector.

For building materials and interior brands, such exposure often translates into increased customer trust and higher sales.

Supporting Developers

For property developers, AIHS offers access to ready buyers and platforms to showcase ongoing and upcoming projects, including off-plan developments.

Many developers leverage the event to close deals, attract investors and secure financing for projects.

Strengthening Industry Value Chain

By bringing together developers, contractors, manufacturers, designers and financiers, AIHS promotes collaboration across the housing ecosystem.

Observers say this integrated approach contributes to cost efficiency, improved coordination and faster project delivery.

Driving Housing Solutions

Stakeholders note that AIHS is playing a role in bridging the gap between housing supply and demand, while also promoting local manufacturing and encouraging innovation in construction and interior design.

Outlook

As Africa continues efforts to address its housing deficit, AIHS is emerging as a critical driver of growth, enabling industry players to scale operations, build networks and unlock new opportunities.

With its 20th edition approaching, participants say the event remains central to shaping the future of housing on the continent.

The post AIHS Drives Growth for Developers, Building Materials, Interior Brands appeared first on Housing TV Africa.

The Federal Capital Territory (FCT) Police Command has begun a major crackdown on uncompleted and abandoned buildings across Abuja to curb rising cases of robbery, abduction, and theft.

Commissioner of Police, CP Ajao Adewale, directed all Divisional Police Officers to “intensify patrols and conduct thorough raids on uncompleted buildings and suspected criminal hideouts within their jurisdictions.”

Police spokesperson SP Josephine Adeh said the move was part of ongoing efforts to “prevent criminals from using abandoned or active construction sites as operational bases.”

The command also ordered property developers to register and profile all artisans, labourers, and security personnel working or residing at construction sites before October 31, 2025.

“Property developers are urged to visit the nearest police divisions and ensure their security personnel, artisans, and labourers are properly documented,” Adeh said, warning that “any unidentified persons found on-site after 6:00 p.m. will be arrested.”

She reminded residents that scavenging, known locally as Baban Bola, remains banned in the FCT.

“Residents are advised to report any scavengers or suspicious persons sighted around their neighbourhoods immediately to the police,” she added.

Adeh emphasized that “security is a collective responsibility,” urging estate managers and community leaders to cooperate with the police by reporting suspicious movements and profiling domestic staff.

The post FCT Police Raid Abandoned Buildings, Warn Developers to Comply with Security Rules appeared first on Housing TV Africa.

Knight Frank’s The Wealth Report reveals that family offices hold 22.5% of their portfolios in real estate. Over 40% plan to increase their real estate investments over the next 18 months. They are particularly interested in housing, logistics, and luxury homes.

Growing Interest in Luxury Markets

Family offices are not only expanding their portfolios but also looking to acquire new properties. Nearly a quarter of those managing private residential portfolios are considering new acquisitions. This trend is expected to lead to price growth in luxury markets, particularly in 2025. For example, London offers significant savings for dollar-based buyers compared to 2014. But many markets have seen their buying power drop by over 50% in recent years.

Africa: The Emerging Wealth Hub

Africa is becoming a key player in wealth creation. More people are joining the $10 million-plus wealth group. The continent’s young population, abundant resources, and better infrastructure position it for future wealth growth. While North America and Asia remain key wealth centers, Africa is growing in influence.

The Transfer of Wealth to Younger Generations

Wealth transfer from baby boomers to younger generations is underway. Younger investors are shifting how wealth is managed. They focus more on sustainable and responsible investments. Despite changes in global policies regarding Environmental, Social, and Governance (ESG) issues, sustainability remains a priority for them.

Property Developers Adjusting to New Demands

Developers are adjusting their strategies to meet the demands of wealthy consumers and workers. They are adopting new methods to attract and retain top talent. The rise of online luxury sales and major auctions is also highlighted in the report. These trends are reshaping how luxury markets operate.

Climate Change and Luxury Investments

Climate change is influencing the decisions of the wealthy. Luxury markets, such as those for vineyards, yachts, and prime real estate, are responding to new environmental concerns. Sustainability and climate resilience are becoming key factors for future luxury investments.

Challenges in Luxury Collectibles Markets

Luxury collectibles faced challenges in 2024. On average, values fell by 3.3%. Art, wine, and whisky markets saw more significant declines. Despite these issues, younger generations are still shaping the future of wealth, luxury, and real estate. They are focusing on sustainability and long-term value.

The post How Younger Generations Are Changing Real Estate and Luxury Markets Strong Demand for Real Estate Investment appeared first on Housing TV Africa.

By: TPL. Umar Shuaib Former coordinator, AMMC

Scammers would continue to make their victims believe that they can win futile and unreasonable struggles to recover lands that were subjects of enforcement for the continuation of their illegal projects.

Such were the evil tactics of giving false hope to the victims in order to evade refunds.

Unfortunately, there were instances when influential persons fell victim, innocently, while others deliberately, and would be cajoled or mischievously recruited by the crooks to disturb the authority.

READ ALSO: Indispensable guide to property developers and off-takers (I)

Unfortunately, the houses would be subscribed to the off-takers, who will pay without carrying out thorough investigations.

READ ALSO: Dubai Fines Developers Dh500,000 Each for Real Estate Law Violations

Meanwhile, according to the procedure, all layouts in the city and Area Councils must have ministerial approval before the plots are allocated.

READ ALSO: Unraveling the Burden of Real Estate Developers in Lagos as HDAN Advocates for Reform

It is important to reiterate that developers can apply and get their building plans approved, so long as they observe the right procedure.

Also, building designs must conform to the development control guidelines and regulations. Density and location of plot must be ascertained prior to commencement of building design.

Developers must also be mindful when committing themselves on bridging financial agreements, especially on partnership for disposal of properties.

READ ALSO: Dubai’s Real Estate Vision 2040: A Growth Catalyst Highlighted at the International Property Show

All prospective house buyers should also confirm that the mass housing or individual housing developer satisfies all the necessary requirements of land acquisition, including having genuine building plans approval before the commencement of work.

People’s hard-earned funds and resources are very valuable and must be zealously guided. Do not risk them due to desperation. One must take his time to make proper confirmation otherwise he will fall into the wrong hands.

The post Indispensable guide to property developers and off-takers (III) appeared first on Housing TV Africa.

By: TPL. Umar Shuaib Former coordinator, AMMC

Source: Daily Trust

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