Demand for luxury real estate continues growing in Abuja and Lagos despite economic pressure affecting other sectors.
Property developers said high income buyers and investors remain active in premium housing markets across major cities.
Several real estate companies also reported increased interest in serviced apartments, gated estates, and high rise developments.
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A property market analyst said luxury housing demand remains relatively stable.
“Affluent buyers continue investing in premium real estate assets,” the analyst explained.
Meanwhile, rising construction costs have increased property prices across many urban areas.
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Industry observers noted that foreign investment and diaspora demand continue influencing luxury housing development.
Consequently, developers have expanded projects targeting high income professionals and business executives.
Some analysts also linked growing luxury demand to long term investment planning.
However, housing affordability remains a major concern for lower income Nigerians.
Urban Expansion Shapes Property Trends
Lagos and Abuja continue attracting commercial and residential development because of population growth and business activity.
In addition, real estate experts believe infrastructure projects could increase property demand further.
Still, mortgage access remains difficult for many middle income households.
At the same time, developers continue promoting smart homes and modern residential amenities.
Property analysts expect premium real estate activity to remain strong in major cities.
