Nigeria Property Centre
Demand vs Supply · 17 Sep to 24 Sep 2026

Where demand outruns supply in Nigeria.

Searches on Nigeria Property Centre measured against the listings live to meet them, 17 Sep to 24 Sep 2026: where people search and find little or nothing, what they asked for, and what they said they could pay.

Location
17 Sep to 24 Sep 2026

Search pressure across Nigeria

Searches
325,686
since 17 Sep 2026
Per listing
2.3
since 17 Sep 2026
Found nothing
38.4%
since 17 Sep 2026
Rent budget gap
67% below asking
since 17 Sep 2026
Sale budget gap
45% below asking
since 17 Sep 2026

Most competitive areas

Searches per live listing, rent 4.7 202,053 searches · 42,678 listings
Searches per live listing, sale 1.2 123,633 searches · 100,261 listings
Searches per live listing, rent

Most competitive localities for rentals

01
Index 659 · national 100
31.2 searches per listing
02
Index 540 · national 100
25.5 searches per listing
03
Index 467 · national 100
22.1 searches per listing
04
Index 460 · national 100
21.8 searches per listing
05
Index 407 · national 100
19.3 searches per listing
06
Index 403 · national 100
19.1 searches per listing
07
Index 403 · national 100
19.1 searches per listing
08
Index 365 · national 100
17.3 searches per listing
09
Index 354 · national 100
16.8 searches per listing
10
Index 350 · national 100
16.6 searches per listing
Searches per live listing, sale

Most competitive localities for homes for sale

01
Index 1,142 · national 100
14.1 searches per listing
02
Index 813 · national 100
10.0 searches per listing
03
Index 532 · national 100
6.5 searches per listing
04
Index 439 · national 100
5.4 searches per listing
05
Aba
Index 426 · national 100
5.2 searches per listing
06
Index 394 · national 100
4.9 searches per listing
07
Index 380 · national 100
4.7 searches per listing
08
Index 370 · national 100
4.6 searches per listing
09
Index 346 · national 100
4.3 searches per listing
10
Index 328 · national 100
4.0 searches per listing

Searches in the window divided by the listings live on 24 Sep 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 39.0% Mostly 5+ bedroom · ₦2M to ₦3M
Searches that found nothing, sale 37.4% Mostly 5+ bedroom · ₦100M to ₦150M
Share of searches with no results, rent

Where rentals are hardest to find

01
Ifo
Mostly 3 bedroom · ₦700K to ₦1M
61.7%
02
Mostly 5+ bedroom · ₦1M to ₦1.5M
61.6%
03
Mostly 5+ bedroom · ₦5M to ₦7M
60.6%
04
Mostly 5+ bedroom · ₦1M to ₦1.5M
60.1%
05
Mostly 3 bedroom · ₦2M to ₦3M
59.8%
06
Mostly 5+ bedroom · ₦10M to ₦15M
56.9%
07
Mostly 5+ bedroom · ₦1M to ₦1.5M
56.4%
08
Mostly 5+ bedroom · ₦2M to ₦3M
56.2%
09
Mostly 5+ bedroom · ₦1M to ₦1.5M
56.2%
10
Mostly 1 bedroom · ₦1M to ₦1.5M
56.2%
Share of searches with no results, sale

Where homes for sale are hardest to find

01
Mostly 5+ bedroom · ₦50M to ₦70M
70.1%
02
Mostly 3 bedroom · ₦10M to ₦15M
68.0%
03
Mostly 1 bedroom
67.2%
04
Mostly 5+ bedroom · ₦150M to ₦200M
62.5%
05
Mostly 2 bedroom · ₦20M to ₦30M
61.4%
06
Mostly 2 bedroom · ₦100M to ₦150M
61.1%
07
Mostly 5+ bedroom · ₦2M to ₦3M
59.9%
08
Mostly 5+ bedroom · ₦70M to ₦100M
57.4%
09
Mostly 5+ bedroom
56.3%
10
Mostly 5+ bedroom · ₦1M to ₦1.5M
54.8%

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 67% below asking Typical budget ₦4.3M vs ₦13M asked · 18% of listings within the typical budget
Searched budget vs asking sale price 45% below asking Typical budget ₦176.7M vs ₦320M asked · 28% of listings within the typical budget
Budget gap, rent

Searchers furthest below asking, rentals

01
7% of listings within the typical budget
93% below asking
02
4% of listings within the typical budget
87% below asking
03
13% of listings within the typical budget
79% below asking
04
20% of listings within the typical budget
74% below asking
05
11% of listings within the typical budget
73% below asking
06
10% of listings within the typical budget
72% below asking
07
10% of listings within the typical budget
66% below asking
08
11% of listings within the typical budget
64% below asking
09
15% of listings within the typical budget
64% below asking
10
33% of listings within the typical budget
55% below asking
Budget gap, sale

Searchers furthest below asking, homes for sale

01
12% of listings within the typical budget
78% below asking
02
12% of listings within the typical budget
58% below asking
03
20% of listings within the typical budget
55% below asking
04
19% of listings within the typical budget
54% below asking
05
Apo
29% of listings within the typical budget
50% below asking
06
29% of listings within the typical budget
49% below asking
07
27% of listings within the typical budget
47% below asking
08
29% of listings within the typical budget
44% below asking
09
18% of listings within the typical budget
44% below asking
10
15% of listings within the typical budget
40% below asking
Budget gap, rent

Searchers above asking, rentals

01
73% of listings within the typical budget
93% above asking
02
64% of listings within the typical budget
25% above asking
03
54% of listings within the typical budget
13% above asking
04
55% of listings within the typical budget
6% above asking
Budget gap, sale

Searchers above asking, homes for sale

01
56% of listings within the typical budget
7% above asking
02
53% of listings within the typical budget
4% above asking
03
54% of listings within the typical budget
2% 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 Oyo

Searched minus listed, share of each

Bedroom mismatch in Rivers

Searched minus listed, share of each

Bedroom mismatch in Ogun

Searched minus listed, share of each

Bedroom mismatch in Delta

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
32 people with alerts · 49 listings
02
17 people with alerts · 34 listings
03
17 people with alerts · 55 listings
04
40 people with alerts · 152 listings
05
39 people with alerts · 149 listings
06
20 people with alerts · 80 listings
07
31 people with alerts · 129 listings
08
76 people with alerts · 338 listings
09
42 people with alerts · 206 listings
10
29 people with alerts · 170 listings
People with alerts against live listings, sale

Where alerts outnumber homes for sale

01
27 people with alerts · 292 listings
02
16 people with alerts · 357 listings
03
26 people with alerts · 671 listings
04
50 people with alerts · 2,445 listings
05
24 people with alerts · 1,287 listings
06
18 people with alerts · 1,018 listings
07
21 people with alerts · 1,395 listings
08
26 people with alerts · 1,904 listings
09
28 people with alerts · 3,052 listings
10
58 people with alerts · 6,718 listings

People who set a property alert for an area, counted once each however many alerts they hold, against the listings live there on 25 Sep 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 rentals than there are listings for them: 5 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 rentals than there are listings for them: 5 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 108 46,114 enquiries · 42,678 listings
Enquiries per 100 listings, sale 26 26,222 enquiries · 100,261 listings
Enquiries per 100 live listings, rent

Where the rent enquiries go

01
145 enquiries · 29 listings
500 enquiries per 100 listings
02
635 enquiries · 152 listings
418 enquiries per 100 listings
03
111 enquiries · 27 listings
411 enquiries per 100 listings
04
188 enquiries · 55 listings
342 enquiries per 100 listings
05
1,747 enquiries · 546 listings
320 enquiries per 100 listings
06
107 enquiries · 34 listings
315 enquiries per 100 listings
07
1,351 enquiries · 454 listings
298 enquiries per 100 listings
08
139 enquiries · 48 listings
290 enquiries per 100 listings
09
127 enquiries · 46 listings
276 enquiries per 100 listings
10
858 enquiries · 315 listings
272 enquiries per 100 listings
Enquiries per 100 live listings, sale

Where the sale enquiries go

01
29 enquiries · 20 listings
145 enquiries per 100 listings
02
335 enquiries · 295 listings
114 enquiries per 100 listings
03
76 enquiries · 75 listings
101 enquiries per 100 listings
04
236 enquiries · 245 listings
96 enquiries per 100 listings
05
78 enquiries · 81 listings
96 enquiries per 100 listings
06
663 enquiries · 704 listings
94 enquiries per 100 listings
07
248 enquiries · 278 listings
89 enquiries per 100 listings
08
182 enquiries · 229 listings
80 enquiries per 100 listings
09
18 enquiries · 24 listings
75 enquiries per 100 listings
10
110 enquiries · 171 listings
64 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 (24 Sep 2026), divided by the listings live on 24 Sep 2026.

Furnished and serviced rentals

Furnished rentals: searched vs listed 10.7% of searches 16.1% of live rent listings
Serviced rentals: searched vs listed 16.5% of searches 39.3% 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

31.2 searches for every live rent listing, against 4.7 nationally.

70.1% of sale searches in Bwari found nothing

136 of 194 searches landed on an empty page — mostly 5+ bedroom · ₦50M to ₦70M.

Rent budgets in Ipaja sit 93% above asking

Searchers typically set a maximum of ₦1.4M against a median asking price of ₦700K; 73% of listings within the typical budget.

Frequently asked

Questions this report answers

Where is rental demand highest relative to supply in Nigeria?

Alimosho recorded 31.2 searches for every live rent listing between 17 Sep to 24 Sep 2026, the highest of any locality with at least 100 searches and 20 listings.

How often do rent searches in Nigeria find nothing?

39.0% of the 202,053 rent searches recorded between 17 Sep to 24 Sep 2026 returned no listings; mostly 5+ bedroom · ₦2M to ₦3M.

How do rent budgets compare with asking prices in Nigeria?

The typical maximum price searchers stated was ₦4.3M, 67% below asking the median asking price of ₦13M; 18% of listings within the typical budget.

How often do sale searches in Nigeria find nothing?

37.4% of the 123,633 sale searches recorded between 17 Sep to 24 Sep 2026 returned no listings; mostly 5+ bedroom · ₦100M to ₦150M.

How do sale budgets compare with asking prices in Nigeria?

The typical maximum price searchers stated was ₦176.7M, 45% below asking the median asking price of ₦320M; 28% 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 24 Sep 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: 32 people with alerts · 49 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 24 Sep 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 25 Sep 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.