In August 2024, Nigeria’s inflation rate dropped for the second consecutive month, reaching 32.15%, marking a slight relief in a challenging economic environment. While this drop was widely seen as a positive development, especially after months of surging inflation, the cost of housing and accommodation continues to rise, posing a serious challenge to many Nigerians.

Whether you’re a first-time homebuyer or an experienced investor, understanding the current market conditions and aligning them with your personal and financial goals is crucial.