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Recent survey shows that 68% of mid-income earners live in rented accommodation

Owning homes of their own has become a pipe dream for 68 percent of Nigerian workers engaged in the public and private sectors because their wages are inadequate to enable them build through mortgage. The workers are thus stuck in rented apartments and must suffer the anxiety that often attends the landlords seasonal visits, phone calls or mail seeking to collect the rentRead More  

Devaluation: It is not smiling time for property investors

It is no longer news that Nigerians have continued to rue the devaluation of the country’s currency, a challenge which, coupled with falling oil prices, has left the nation’s economy a shadow of its old self. In just a few months in office, Mr Godwin Emefiele, the governor of Central Bank of Nigeria (CBN) devalued the national currency, the naira. Read More

Dangote, 14 investors picked for FCT new districts' development

N a novel move to increase the housing stock and ease accommodation challenges in Abuja, the Federal Capital Territory Administration (FCTA), has selected private investors to develop 15 additional districts. Under the agreement, the new investors will be provided with a total land area of 3,886 in about 15 districts of the FCT, and a total of 1million houses would be constructed in the new districts. Read More

Infrastructure deficit opens $300bn investment opportunity in housing sector

Nigeria’s infrastructure deficit, which gave rise to the 30-year National Infrastructure Master-plan (NIM), has opened huge investment opportunity for private sector operators in the housing sector of the economy. Read More   

Real sector investors groan as mortgage banks fizzle out

Following closure of shop by some mortgage banks across the country, investors in the real sector are now groaning.  Investigations revealed that they groan because there is huge deficit in Nigeria housing sector but they are not financially okay to provide a robust facility capable of bridging the housing deficit gap and they cannot invest in the sector with loans from commercial banks which charge high interest rates. Read More


New Property Listings Now Available!!!

We have just recently added some new residential properties in Ilupeju Estate and Lekki axis to our platform, To find out more about them please Click Here   

RAC Lagos House Price Index - 2015 

Outlook 

The RAC Lagos House Price Index was launched in 2011. It is the first index of its kind to show movements in house prices in Lagos based on average asking price. The last 12 months has been a very interesting period for the Lagos real estate market. As we predicted, house prices rose by single digits across the Lagos Island and Mainland markets. Read More

Development Focus - Daysprings Gardens

Discover the newest most hidden secret that is about to berth in the heart of Surulere. To find out more Click Here

RAC Featured Residential Developments  

•  Alcove Homes

•   Illiniois Court

• undefined   Peace Court

•   Praiseville Gardens Estate

•    Royal Estate

To see more of the residential developments we are currently promoting please Click Here

RAC Research Reports

You can download our past research reports from our reports page, please Click Here

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For real estate developers looking to promote their developments and would like to advertise on our platform, please send an e-mail to admin@rac.com.ng

 

General Enquiries

For general enquiries into any of the developments we are promoting on our platform, please send an e-mail to info@rac.com.ng
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