Rent projected to rise in Q4 2026 – Report
As Nigeria’s property market enters the final quarter of 2026, rising rental demand, housing affordability challenges, high construction costs, mortgage financing constraints and changing investor preferences are expected to shape activities across the real estate sector, a report by the Research and Economic Development Unit of the Housing Development Advocacy Network (HDAN) has projected The […]
A new report from the Research and Economic Development Unit of the Housing Development Advocacy Network (HDAN) predicts that rental rates in Nigeria's property market will continue to rise in the fourth quarter of 2026. The organization identified several factors contributing to this trend, including rising demand for rental accommodation, limited affordable housing supply, increasing property maintenance costs, and high construction costs.
HDAN forecasts that rental prices will increase in major urban centers like Lagos, Abuja, and Port Harcourt, particularly for smaller residential units and one-bedroom and two-bedroom apartments. However, landlords may face resistance from tenants whose incomes have not kept pace with rent increases. The report recommends that the government take steps to support local building-material production, develop alternative construction materials, and reduce the cost of building affordable homes.
Additionally, mortgage financing remains a significant barrier to homeownership in Nigeria, and the organization urges financial institutions and government agencies to collaborate on improving lending conditions and expanding access to housing loans.
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