Nellyani Properties deals in the Real Estate sector in Abuja, Uyo, and the rest of Nigeria. Our exposure in the housing sector for 18 years gives us a strong perspective on the challenges. As Nigeria’s population and urbanization rates increase, the demand for housing surges, mostly in urban centers. The country currently faces a housing deficit of over 20 million units, necessitating urgent attention to affordable and sustainable housing solutions.
One of the biggest hurdles facing the Nigerian housing sector is cost. With inflation driving up the cost of building materials and the unification of the exchange rate, property prices have become steeper. This makes it harder for many Nigerians to afford homes.
Opportunities for Growth:
Despite these challenges, the outlook for 2024 remains optimistic. Experts predict increased demand for housing, bolstered by rapid urbanization and government reforms. Virtual property tours and blockchain-driven real estate transactions are also a factor.
In Abuja and Uyo, Nellyani Properties is positioned to take advantage of this growth by offering high-quality, modern homes. These are homes that cater to a diverse range of buyers, from young professionals to families.
Our offerings in Abuja reflect the capital’s status as an administrative hub. Hence our property emphasize luxury, security, and convenience. Meanwhile, in Uyo, a fast-growing urban center, the focus is on creating sustainable and affordable housing.
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