Nigeria’s housing market is projected to experience a price increase of up to 15 percent in 2026, driven by rising construction costs, inflation, and sustained demand in major cities such as Lagos and Abuja.

Industry analysts attribute the expected growth to high demand for residential properties, limited housing supply, and increased interest from both local and diaspora investors. The demand for two-bedroom apartments continues to dominate the market, as buyers seek affordability and functionality.

Experts note that while property values are rising, affordability remains a major challenge for many Nigerians, especially first-time homebuyers.

They emphasize the need for improved housing finance, policy stability, and private-sector participation to bridge the country’s housing deficit.

The outlook suggests that without significant intervention to boost supply and reduce construction costs, housing prices may continue to rise across urban centres.