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New report shows buoyant Lagos office development pipeline

In spite of the devaluation of naira and its effects on many sectors of the economy, including real estate, about 50,000 square metres of office space are expected to be delivered in Lagos in the first quarter of this year. According to a report by a real estate consultancy firm, Broll Nigeria, signed by its Chief Executive Officer, Mr. Bolaji Edu, ongoing construction projects will continue despite the many constraints in the economy. Read More

Nigerian firms to gain as Africa is now cement's fastest growth market

Nigerian cement manufacturers, including Dangote and Lafarge, are poised to benefit as Africa has overtaken China and India to emerge as the world’s fastest growing cement market. Cement consumption in China, the world’s largest cement market, has decelerated markedly over the past two years and is poised to decline further in 2015, according to Africa focused frontier market research firm, DaMina advisors. Read More  

NDIC may raise mortgage banks' deposit insurance to N500k

BRIGHTER days may lie around in the corner for customers of Primary Mortgage Banks (PMBs), as the nation’s independent agency saddled with protecting depositors and guaranteeing payment of insured funds may soon jerk up its payments for deposit insurance in the event of failure of insured mortgage operatorsRead More

Building affordable houses for all

THE passion with which the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, has talked about her plans to house Nigerians and reduce the country’s 17 million housing deficit is infectious. She is always quick to flaunt her milestones in the sector, which she claims included reduction in housing deficit, improvement in the quality of houses delivered and increased affordability. Read More   

Fuller Centre for Housing unveils prototypes

The Millard Fuller Foundation also called the Fuller Centre for Housing last Thursday presented to the public its prototypes for the second phase of its housing programme in Luvu Madaki, Masaka, Nasarawa State. The Millard Fuller Foundation finances construction of houses for the low income earners.The design called incremental housing units involves building of 270 units of studio apartments and one-bedroom units. Read More

New Property Listings Now Available!!!

Unique investment opportunity in Ejigbo and across Lagos. To find out more about them please Click Here   

RAC Lagos House Price Index - 2015 


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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