Nigeria Property Centre
Demand vs Supply · 17 Sep to 25 Sep 2026

Where demand outruns supply in Nigeria.

Searches on Nigeria Property Centre measured against the listings live to meet them, 17 Sep to 25 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 25 Sep 2026

Search pressure across Nigeria

Searches
365,597
since 17 Sep 2026
Per listing
2.5
since 17 Sep 2026
Found nothing
37.4%
since 17 Sep 2026
Rent budget gap
67% below asking
since 17 Sep 2026
Sale budget gap
46% below asking
since 17 Sep 2026

Most competitive areas

Searches per live listing, rent 5.2 227,834 searches · 44,024 listings
Searches per live listing, sale 1.4 137,763 searches · 100,427 listings
Searches per live listing, rent

Most competitive localities for rentals

01
Index 860 · national 100
44.5 searches per listing
02
Index 547 · national 100
28.4 searches per listing
03
Index 527 · national 100
27.3 searches per listing
04
Index 449 · national 100
23.3 searches per listing
05
Index 418 · national 100
21.7 searches per listing
06
Index 394 · national 100
20.4 searches per listing
07
Index 390 · national 100
20.2 searches per listing
08
Index 376 · national 100
19.5 searches per listing
09
Index 316 · national 100
16.4 searches per listing
10
Epe
Index 294 · national 100
15.2 searches per listing
Searches per live listing, sale

Most competitive localities for homes for sale

01
Index 1,157 · national 100
15.9 searches per listing
02
Index 1,088 · national 100
14.9 searches per listing
03
Index 560 · national 100
7.7 searches per listing
04
Index 469 · national 100
6.4 searches per listing
05
Index 431 · national 100
5.9 searches per listing
06
Aba
Index 400 · national 100
5.5 searches per listing
07
Index 382 · national 100
5.2 searches per listing
08
Index 365 · national 100
5.0 searches per listing
09
Index 360 · national 100
4.9 searches per listing
10
Index 341 · national 100
4.7 searches per listing

Searches in the window divided by the listings live on 25 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 37.6% Mostly 5+ bedroom · ₦2M to ₦3M
Searches that found nothing, sale 37.1% Mostly 5+ bedroom · ₦100M to ₦150M
Share of searches with no results, rent

Where rentals are hardest to find

01
Mostly 5+ bedroom · ₦100M to ₦150M
60.2%
02
Mostly 5+ bedroom · ₦1M to ₦1.5M
59.3%
03
Mostly 5+ bedroom · ₦1M to ₦1.5M
58.3%
04
Mostly 5+ bedroom · ₦10M to ₦15M
55.3%
05
Mostly 5+ bedroom · ₦2M to ₦3M
54.6%
06
Mostly 2 bedroom · ₦2M to ₦3M
54.5%
07
Mostly 5+ bedroom · ₦1M to ₦1.5M
54.0%
08
Mostly 5+ bedroom · ₦1M to ₦1.5M
53.9%
09
Mostly 5+ bedroom · ₦2M to ₦3M
52.6%
10
Mostly 1 bedroom · ₦1M to ₦1.5M
52.5%
Share of searches with no results, sale

Where homes for sale are hardest to find

01
Mostly 5+ bedroom · ₦50M to ₦70M
68.9%
02
Mostly 3 bedroom · ₦200K to ₦300K
66.9%
03
Mostly 5+ bedroom
66.5%
04
Mostly 5+ bedroom · ₦2M to ₦3M
60.5%
05
Mostly 4 bedroom · ₦100M to ₦150M
60.3%
06
Mostly 5+ bedroom · ₦150M to ₦200M
60.0%
07
Mostly 2 bedroom · ₦20M to ₦30M
59.7%
08
Mostly 5+ bedroom
57.8%
09
Mostly 5+ bedroom · ₦70M to ₦100M
57.1%
10
Mostly 5+ bedroom · ₦200M to ₦300M
55.3%

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 46% below asking Typical budget ₦174.2M vs ₦320M asked · 27% of listings within the typical budget
Budget gap, rent

Searchers furthest below asking, rentals

01
7% of listings within the typical budget
88% 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
10% of listings within the typical budget
75% below asking
05
10% of listings within the typical budget
71% below asking
06
20% of listings within the typical budget
71% below asking
07
15% of listings within the typical budget
65% below asking
08
11% of listings within the typical budget
64% below asking
09
35% of listings within the typical budget
57% below asking
10
9% of listings within the typical budget
55% below asking
Budget gap, sale

Searchers furthest below asking, homes for sale

01
9% of listings within the typical budget
69% below asking
02
17% of listings within the typical budget
68% below asking
03
12% of listings within the typical budget
58% below asking
04
19% of listings within the typical budget
54% below asking
05
Apo
29% of listings within the typical budget
52% below asking
06
30% of listings within the typical budget
49% below asking
07
17% of listings within the typical budget
48% below asking
08
27% of listings within the typical budget
46% below asking
09
17% of listings within the typical budget
45% below asking
10
11% of listings within the typical budget
45% below asking
Budget gap, rent

Searchers above asking, rentals

01
64% of listings within the typical budget
26% above asking
02
54% of listings within the typical budget
13% above asking
03
52% of listings within the typical budget
10% above asking
04
55% of listings within the typical budget
7% above asking
Budget gap, sale

Searchers above asking, homes for sale

01
53% of listings within the typical budget
7% above asking
02
53% 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 Rivers

Searched minus listed, share of each

Bedroom mismatch in Oyo

Searched minus listed, share of each

Bedroom mismatch in Ogun

Searched minus listed, share of each

Bedroom mismatch in Edo

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
27 people with alerts · 39 listings
02
32 people with alerts · 178 listings
03
26 people with alerts · 151 listings
04
23 people with alerts · 136 listings
05
26 people with alerts · 157 listings
06
59 people with alerts · 361 listings
07
19 people with alerts · 148 listings
08
20 people with alerts · 173 listings
09
28 people with alerts · 244 listings
10
47 people with alerts · 490 listings
People with alerts against live listings, sale

Where alerts outnumber homes for sale

01
20 people with alerts · 668 listings
02
29 people with alerts · 2,424 listings
03
22 people with alerts · 1,921 listings
04
22 people with alerts · 3,036 listings
05
48 people with alerts · 6,791 listings
06
58 people with alerts · 8,381 listings
07
23 people with alerts · 4,382 listings
08
50 people with alerts · 10,195 listings
09
127 people with alerts · 38,511 listings

People who set a property alert for an area, counted once each however many alerts they hold, against the listings live there on 26 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: 4 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: 4 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 110 48,217 enquiries · 44,024 listings
Enquiries per 100 listings, sale 26 26,436 enquiries · 100,427 listings
Enquiries per 100 live listings, rent

Where the rent enquiries go

01
132 enquiries · 27 listings
489 enquiries per 100 listings
02
114 enquiries · 27 listings
422 enquiries per 100 listings
03
610 enquiries · 151 listings
404 enquiries per 100 listings
04
2,262 enquiries · 650 listings
348 enquiries per 100 listings
05
108 enquiries · 36 listings
300 enquiries per 100 listings
06
153 enquiries · 51 listings
300 enquiries per 100 listings
07
110 enquiries · 38 listings
290 enquiries per 100 listings
08
1,372 enquiries · 480 listings
286 enquiries per 100 listings
09
925 enquiries · 336 listings
275 enquiries per 100 listings
10
365 enquiries · 142 listings
257 enquiries per 100 listings
Enquiries per 100 live listings, sale

Where the sale enquiries go

01
31 enquiries · 20 listings
155 enquiries per 100 listings
02
358 enquiries · 292 listings
123 enquiries per 100 listings
03
85 enquiries · 77 listings
110 enquiries per 100 listings
04
686 enquiries · 723 listings
95 enquiries per 100 listings
05
226 enquiries · 239 listings
95 enquiries per 100 listings
06
74 enquiries · 84 listings
88 enquiries per 100 listings
07
237 enquiries · 285 listings
83 enquiries per 100 listings
08
183 enquiries · 232 listings
79 enquiries per 100 listings
09
18 enquiries · 24 listings
75 enquiries per 100 listings
10
115 enquiries · 183 listings
63 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 (25 Sep 2026), divided by the listings live on 25 Sep 2026.

Furnished and serviced rentals

Furnished rentals: searched vs listed 10.6% of searches 16.0% of live rent listings
Serviced rentals: searched vs listed 16.3% of searches 39.2% 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

44.5 searches for every live rent listing, against 5.2 nationally.

68.9% of sale searches in Bwari found nothing

144 of 209 searches landed on an empty page — mostly 5+ bedroom · ₦50M to ₦70M.

Rent budgets in Apapa sit 88% below asking

Searchers typically set a maximum of ₦2.3M against a median asking price of ₦20M; 7% of listings within the typical budget.

Frequently asked

Questions this report answers

Where is rental demand highest relative to supply in Nigeria?

Alimosho recorded 44.5 searches for every live rent listing between 17 Sep to 25 Sep 2026, the highest of any locality with at least 100 searches and 20 listings.

How often do rent searches in Nigeria find nothing?

37.6% of the 227,834 rent searches recorded between 17 Sep to 25 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?

37.1% of the 137,763 sale searches recorded between 17 Sep to 25 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 ₦174.2M, 46% 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 25 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: 27 people with alerts · 39 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 25 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 26 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.