The recently released report on real estate transactions by the National Bureau of Statistics revealed some indices that will give real estate investors an idea of where to speculate for properties.
Top 3 cities with high property transactions
Lagos has the highest percentage of real estate transactions.
The report named Lagos, Port-Harcourt and Abuja as the top three most preferred cities by real estate investors.
Experts say the emergence of the three cities is not a surprise, due to the high commercial and Political activities that take place in those places.
Speaking on the report, John Strang, Fine and Country’s Managing Director said “The combination of a growing economy, rapid expansion of the emerging middle classes, continued urbanisation, and a younger generation with high aspirations are accountable for the growth and the increased level of investment we have seen in this sector.”
Lagos has the highest percentage of real estate transactions, with 37%. Coming behind is Abuja with 22% then Port Harcourt with 6%.
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