Property firm ranks Nigeria as 5th country with cheapest luxury market

Lamudi carried out a survey in order to find out the cheapest place to buy luxury real estate in emerging markets around the world.

Nigeria came in fifth with a value of $967.03 million per square.

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Tunisia and Indonesia were 3rd and 4th respectively with $1.000 billion and $983 million.

Ghana was second with $1.169 billion.

Angola won with $4. 513 billion per square.

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Ethiopia, Ivory Coast, Tanzania, Mexico, Colombia and Kenya were also on the list.

Although, Ethiopia came in last as the cheapest place to buy luxury properties in the world.

Last week, one of Nigeria's top luxurious real estate firm, Sujimoto Group, announced plans to launch a lifestyle campaign.

Also, the CEO, Sijibomi Ogundele, had the opportunity to meet His Royal Highness, Mohammed bin Rashid Al Maktoum Prime Minister and Vice President of the United Arab Emirates and Emir of Duba, to discuss the future of luxurious real estate in Nigeria.

The real-estate sector in Dubai inspires me a lot so I desire to transform the Nigerian building sector to match that of the UAE. Our flagship buildings, ‘LorenzoBySujimoto’, are designed after outstanding UAE structures. We intend to achieve this by bridging the gap in the provision of exceptional luxury structures in Lagos, Nigeria, other parts of West and ultimately the UAE.”

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