Industry Intelligence | Nigeria | October 2025
Nigeria Real Estate Yield Map
Rental yields, occupancy and construction cost inflation across nine urban submarkets.
Executive Summary
Yield compression in prime submarkets is being driven by construction cost inflation rather than rental growth.
Key Findings
5.1%
median prime residential gross yield
Down from 6.7% two years earlier.
44%
cumulative construction cost inflation
Two-year period to Q3 2025.
78%
median occupancy in mid-market rentals
Against 94% in the prime segment.
Cost, not demand, is setting prices
Replacement cost has become the effective price floor in new developments, decoupling asking prices from local income capacity in several submarkets.
Gross rental yield by submarket
Nine urban submarkets, Q3 2025.
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Nigeria Real Estate Yield Map
The full report includes complete methodology, detailed data tables, category breakdowns and implications for decision-makers.
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