Nigeria Property Centre
Demand vs Supply · 17 Sep to 16 Oct 2026

Where demand outruns supply in Nigeria.

Searches on Nigeria Property Centre measured against the listings live to meet them, 17 Sep to 16 Oct 2026: where people search and find little or nothing, what they asked for, and what they said they could pay.

Location
17 Sep to 16 Oct 2026

Search pressure across Nigeria

Searches
812,348
since 17 Sep 2026
Per listing
5.9
since 17 Sep 2026
Found nothing
13.1%
since 17 Sep 2026
Rent budget gap
65% below asking
since 17 Sep 2026
Sale budget gap
45% below asking
since 17 Sep 2026

Most competitive areas

Searches per live listing, rent 12.1 513,263 searches · 42,341 listings
Searches per live listing, sale 3.1 299,085 searches · 96,020 listings
Searches per live listing, rent

Most competitive localities for rentals

01
Index 566 · national 100
68.6 searches per listing
02
Index 549 · national 100
66.6 searches per listing
03
Index 532 · national 100
64.5 searches per listing
04
Index 368 · national 100
44.7 searches per listing
05
Index 356 · national 100
43.1 searches per listing
06
Index 353 · national 100
42.8 searches per listing
07
Index 347 · national 100
42.0 searches per listing
08
Index 305 · national 100
37.0 searches per listing
09
Index 272 · national 100
32.9 searches per listing
10
Index 268 · national 100
32.5 searches per listing
Searches per live listing, sale

Most competitive localities for homes for sale

01
Index 627 · national 100
19.5 searches per listing
02
Index 520 · national 100
16.2 searches per listing
03
Index 445 · national 100
13.8 searches per listing
04
Index 437 · national 100
13.6 searches per listing
05
Index 387 · national 100
12.0 searches per listing
06
Index 369 · national 100
11.5 searches per listing
07
Index 336 · national 100
10.5 searches per listing
08
Index 328 · national 100
10.2 searches per listing
09
Index 286 · national 100
8.9 searches per listing
10
Index 284 · national 100
8.8 searches per listing

Searches in the window divided by the listings live on 16 Oct 2026 that a searcher could actually rent or buy — published, priced whole, in NGN. The index puts the national rate at 100.

Unmet demand: where searches find nothing

Searches that found nothing, rent 15.1% Mostly 1 bedroom · ₦2M to ₦3M
Searches that found nothing, sale 9.5% Mostly 3 bedroom · ₦20M to ₦30M
Share of searches with no results, rent

Where rentals are hardest to find

01
Mostly 2 bedroom · ₦2M to ₦3M
58.6%
02
Mostly 1 bedroom · ₦2M to ₦3M
37.8%
03
Mostly 1 bedroom · ₦2M to ₦3M
36.3%
04
Mostly 1 bedroom · ₦2M to ₦3M
35.8%
05
Mostly 2 bedroom · ₦100M to ₦150M
34.6%
06
Mostly 1 bedroom · ₦1M to ₦1.5M
34.0%
07
Mostly 1 bedroom · ₦1M to ₦1.5M
33.5%
08
Mostly 1 bedroom · ₦3M to ₦5M
32.3%
09
Mostly 1 bedroom · ₦5M to ₦7M
31.8%
10
Mostly 1 bedroom · ₦1M to ₦1.5M
29.9%
Share of searches with no results, sale

Where homes for sale are hardest to find

01
Mostly 3 bedroom · ₦20M to ₦30M
28.2%
02
Mostly 2 bedroom · ₦100M to ₦150M
27.9%
03
Mostly 3 bedroom · ₦700K to ₦1M
25.7%
04
Mostly 1 bedroom · ₦20M to ₦30M
24.9%
05
Mostly 2 bedroom · ₦100M to ₦150M
23.5%
06
Mostly 3 bedroom · ₦50M to ₦70M
23.1%
07
Mostly 4 bedroom · ₦200K to ₦300K
22.8%
08
Mostly 2 bedroom · ₦100M to ₦150M
22.3%
09
Mostly 2 bedroom · ₦50M to ₦70M
21.0%
10
Mostly 3 bedroom · ₦100M to ₦150M
21.0%

A search found nothing when the page it landed on listed no properties. "Mostly" names the bed count and budget band most of those searches asked for; searches with no bed count or budget stated are counted but not described.

Budgets against asking prices

Searched budget vs asking rent price 65% below asking Typical budget ₦4.5M vs ₦13M asked · 19% of listings within the typical budget
Searched budget vs asking sale price 45% below asking Typical budget ₦175.3M vs ₦320M asked · 27% of listings within the typical budget
Budget gap, rent

Searchers furthest below asking, rentals

01
9% of listings within the typical budget
87% below asking
02
14% of listings within the typical budget
80% below asking
03
10% of listings within the typical budget
74% below asking
04
16% of listings within the typical budget
73% below asking
05
20% of listings within the typical budget
68% below asking
06
14% of listings within the typical budget
61% below asking
07
27% of listings within the typical budget
61% below asking
08
13% of listings within the typical budget
58% below asking
09
7% of listings within the typical budget
57% below asking
10
17% of listings within the typical budget
54% below asking
Budget gap, sale

Searchers furthest below asking, homes for sale

01
1% of listings within the typical budget
95% below asking
02
9% of listings within the typical budget
89% below asking
03
12% of listings within the typical budget
79% below asking
04
14% of listings within the typical budget
79% below asking
05
Ojo
25% of listings within the typical budget
69% below asking
06
12% of listings within the typical budget
66% below asking
07
21% of listings within the typical budget
62% below asking
08
4% of listings within the typical budget
61% below asking
09
24% of listings within the typical budget
56% below asking
10
17% of listings within the typical budget
52% below asking
Budget gap, rent

Searchers above asking, rentals

01
72% of listings within the typical budget
114% above asking
02
74% of listings within the typical budget
60% above asking
03
88% of listings within the typical budget
50% above asking
04
63% of listings within the typical budget
29% above asking
05
76% of listings within the typical budget
26% above asking
06
59% of listings within the typical budget
16% above asking
07
51% of listings within the typical budget
11% above asking
08
50% of listings within the typical budget
at asking
Budget gap, sale

Searchers above asking, homes for sale

01
80% of listings within the typical budget
211% above asking
02
71% of listings within the typical budget
91% above asking
03
Epe
60% of listings within the typical budget
59% above asking
04
64% of listings within the typical budget
40% above asking
05
54% of listings within the typical budget
23% above asking
06
62% of listings within the typical budget
18% above asking
07
61% of listings within the typical budget
14% above asking
08
54% of listings within the typical budget
8% above asking
09
51% of listings within the typical budget
8% above asking

The typical budget is the median maximum price searchers stated, from at least 50 searches that stated one; the asking price is the median of the live listings. "Within budget" is the share of those listings priced at or under the typical budget.

Bedroom mismatch

Searched minus listed, share of each

Bedroom mismatch in Nigeria

Searched minus listed, share of each

Bedroom mismatch in Lagos

Searched minus listed, share of each

Bedroom mismatch in Abuja

Searched minus listed, share of each

Bedroom mismatch in Ogun

Searched minus listed, share of each

Bedroom mismatch in Oyo

Searched minus listed, share of each

Bedroom mismatch in Rivers

Searched minus listed, share of each

Bedroom mismatch in Enugu

Each bar is the share of searches asking for that bed count minus the share of live listings offering it, in percentage points: to the right, more people want it than the market lists; to the left, the reverse. Searches with no bed count stated, and listings with no bedrooms recorded, are left out of both shares.

Where alerts outnumber listings

People with alerts against live listings, rent

Where alerts outnumber rentals

01
25 people with alerts · 61 listings
02
64 people with alerts · 360 listings
03
31 people with alerts · 198 listings
04
21 people with alerts · 147 listings
05
32 people with alerts · 225 listings
06
16 people with alerts · 120 listings
07
33 people with alerts · 250 listings
08
20 people with alerts · 185 listings
09
26 people with alerts · 257 listings
10
21 people with alerts · 227 listings
People with alerts against live listings, sale

Where alerts outnumber homes for sale

01
20 people with alerts · 667 listings
02
18 people with alerts · 1,378 listings
03
22 people with alerts · 1,747 listings
04
25 people with alerts · 2,374 listings
05
27 people with alerts · 2,573 listings
06
18 people with alerts · 1,788 listings
07
53 people with alerts · 6,660 listings
08
30 people with alerts · 4,239 listings
09
58 people with alerts · 8,204 listings
10
49 people with alerts · 9,511 listings

People who set a property alert for an area, counted once each however many alerts they hold, against the listings live there on 17 Oct 2026. An area is shown only with at least 20 people and 20 live listings. Alerts that name no state are left out of every ranking.

Bedrooms people's alerts ask for

Alerts minus listings, share of each

Bedrooms people ask for in Nigeria

More people have alerts for 1-bedroom homes than there are listings for them: 3 in 10 alerts, 1 in 10 listings.

Alerts minus listings, share of each

Bedrooms people ask for in Lagos

More people have alerts for 1-bedroom homes than there are listings for them: 3 in 10 alerts, 1 in 10 listings.

Only alerts that set both a lowest and a highest bedroom count are counted: an alert for "2 or more" says nothing about wanting five. An area is shown once at least 50 such alerts stand behind it. Listings are counted the same way as in the bedroom mismatch above.

Where the enquiries go

Enquiries per 100 listings, rent 114 48,438 enquiries · 42,341 listings
Enquiries per 100 listings, sale 27 25,954 enquiries · 96,020 listings
Enquiries per 100 live listings, rent

Where the rent enquiries go

01
223 enquiries · 36 listings
619 enquiries per 100 listings
02
223 enquiries · 54 listings
413 enquiries per 100 listings
03
2,308 enquiries · 711 listings
325 enquiries per 100 listings
04
612 enquiries · 198 listings
309 enquiries per 100 listings
05
992 enquiries · 332 listings
299 enquiries per 100 listings
06
214 enquiries · 72 listings
297 enquiries per 100 listings
07
143 enquiries · 54 listings
265 enquiries per 100 listings
08
177 enquiries · 67 listings
264 enquiries per 100 listings
09
9,322 enquiries · 3,619 listings
258 enquiries per 100 listings
10
370 enquiries · 146 listings
253 enquiries per 100 listings
Enquiries per 100 live listings, sale

Where the sale enquiries go

01
245 enquiries · 235 listings
104 enquiries per 100 listings
02
259 enquiries · 266 listings
97 enquiries per 100 listings
03
21 enquiries · 22 listings
96 enquiries per 100 listings
04
41 enquiries · 50 listings
82 enquiries per 100 listings
05
91 enquiries · 117 listings
78 enquiries per 100 listings
06
170 enquiries · 223 listings
76 enquiries per 100 listings
07
573 enquiries · 763 listings
75 enquiries per 100 listings
08
59 enquiries · 79 listings
75 enquiries per 100 listings
09
17 enquiries · 23 listings
74 enquiries per 100 listings
10
190 enquiries · 281 listings
68 enquiries per 100 listings

Enquiries are contacts made through the site, counted once per person, listing, channel and day, over the 28 days before the latest scoring night (16 Oct 2026), divided by the listings live on 16 Oct 2026.

Furnished and serviced rentals

Furnished rentals: searched vs listed 2.2% of searches 15.8% of live rent listings
Serviced rentals: searched vs listed 2.0% of searches 38.7% of live rent listings

The share of rent searches that asked for a furnished or serviced home, against the share of live rent listings that offer one.

What the data says

Three things shaping demand right now

Alimosho is the tightest rental market

68.6 searches for every live rent listing, against 12.1 nationally.

58.6% of rent searches in Enugu found nothing

421 of 719 searches landed on an empty page — mostly 2 bedroom · ₦2M to ₦3M.

Sale budgets in Agbara-Igbesa sit 211% above asking

Searchers typically set a maximum of ₦108.9M against a median asking price of ₦35M; 80% of listings within the typical budget.

Frequently asked

Questions this report answers

Where is rental demand highest relative to supply in Nigeria?

Alimosho recorded 68.6 searches for every live rent listing between 17 Sep to 16 Oct 2026, the highest of any locality with at least 100 searches and 20 listings.

How often do rent searches in Nigeria find nothing?

15.1% of the 513,263 rent searches recorded between 17 Sep to 16 Oct 2026 returned no listings; mostly 1 bedroom · ₦2M to ₦3M.

How do rent budgets compare with asking prices in Nigeria?

The typical maximum price searchers stated was ₦4.5M, 65% below asking the median asking price of ₦13M; 19% of listings within the typical budget.

How often do sale searches in Nigeria find nothing?

9.5% of the 299,085 sale searches recorded between 17 Sep to 16 Oct 2026 returned no listings; mostly 3 bedroom · ₦20M to ₦30M.

How do sale budgets compare with asking prices in Nigeria?

The typical maximum price searchers stated was ₦175.3M, 45% below asking the median asking price of ₦320M; 27% of listings within the typical budget.

How is this report measured?

Demand is every property search run in a browser on Nigeria Property Centre between 17 Sep to 16 Oct 2026, counted once per search per visit, with searches by reference number left out; searches began being recorded this way on 17 September 2026 and nothing earlier is used. Supply is the listings live at the end of that period that were published, priced as a whole property in NGN and at or above the same price floor the quarterly market report applies. An area is published only with at least 100 searches and 20 live listings; a typical budget needs at least 50 searches that stated one. Figures are refreshed nightly.

Which areas have the most people with property alerts for every listing?

Alimosho, Lagos has the most people with alerts for every live listing: 25 people with alerts · 61 listings. People are counted once each however many alerts they hold, and an area is published only with at least 20 of them and 20 live listings.

About this report

How we measure demand against supply.

Demand is every property search run in a browser on Nigeria Property Centre between 17 Sep to 16 Oct 2026, counted once per search per visit, with searches by reference number left out; searches began being recorded this way on 17 September 2026 and nothing earlier is used. Supply is the listings live at the end of that period that were published, priced as a whole property in NGN and at or above the same price floor the quarterly market report applies. An area is published only with at least 100 searches and 20 live listings; a typical budget needs at least 50 searches that stated one. Figures are refreshed nightly. Property alert figures count PEOPLE who asked to be told about new listings, once each however many alerts they hold, frozen on 17 Oct 2026. Alerts are matched to listings only when a listing is first published, so "no new listings" means none have matched in the last 30 days, not that nothing on the site fits. Areas with fewer than 20 people or 20 live listings are left out.

No individual search or searcher is published; every figure is a count or a share over an area. Enquiries are counted the way the quarterly market report counts them — once per person, listing, channel and day.

For asking prices, see our average property prices and the quarterly market reports.

Using this data.

Free to use with credit. You can quote and republish these figures, as long as you credit Nigeria Property Centre and link back to this report. They are licensed under CC BY 4.0, as set out in our terms of use.

Source: Nigeria Property Centre, Where demand outruns supply in Nigeria, https://nigeriapropertycentre.com/market-trends/demand-trends/all-property

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