MIDDLE EAST CONFLICT RAISES CONCERNS OVER NIGERIA’S REAL ESTATE MARKET

Stakeholders in Nigeria’s real estate sector have warned that the ongoing tensions between Iran and the United States are beginning to affect investment decisions and market activities in the country.

Industry players said global uncertainties linked to geopolitical conflicts are increasing pressure on foreign exchange, construction costs, and investor confidence. They noted that rising costs of building materials, coupled with economic challenges, could further slow growth in the property sector.

According to real estate experts, international investors often become more cautious during periods of global instability, leading to delays in funding and project execution. They added that fluctuations in oil prices and currency markets could also influence Nigeria’s broader economic outlook.

Despite the concerns, industry stakeholders believe the sector remains resilient due to strong housing demand and Nigeria’s growing population. They called for policies that would improve economic stability, reduce construction expenses, and create a more attractive environment for investors.

Experts emphasized that strengthening local supply chains and encouraging affordable housing development would be critical to sustaining growth in Nigeria’s real estate market amid global uncertainties.