The Nigerian real estate market has continued to display resilience, even amidst the country’s challenging economic conditions. One state that stands out in this regard is Kwara State, which market players believe is rapidly becoming a prime destination for real estate investors.
Industry stakeholders assert that the state’s growing economic potential and strategic advantages make it an attractive prospect, especially for investors with a long-term vision.
Maxwell Taye, Managing Director of Kairos Realty Development Limited, recently highlighted that Kwara is emerging as a key real estate investment hub in Nigeria. Located in the country’s north-central region, Kwara boasts a unique blend of agricultural strength, rich mineral resources, and a strategic location that makes it highly appealing to both domestic and international investors.
Taye emphasized that Kwara’s robust agricultural base, coupled with its growing population and urbanization, enhances its attractiveness to real estate developers seeking high returns and sustainable growth.
He further noted that, with its promising market conditions and government support, Kwara is positioned to become a major player in Nigeria’s real estate sector. The state’s diverse economic activities, including agriculture and mining, provide a solid foundation for real estate investment. Kwara’s strong agricultural sector, particularly its production of various crops and livestock, draws agribusiness investments, in turn fueling demand for residential and commercial properties.
According to Taye, the real estate market in Kwara is on an upward trajectory. The average price of houses for sale in Ilorin, the state capital, currently stands at around N660 million, with prices ranging from N350 million to N2 billion. This price range reflects the high demand for properties as the state’s population continues to grow and urbanize. With a population of over three million, Kwara’s expanding urban areas are driving the development of new residential neighborhoods, commercial centers, and infrastructure projects.
Taye pointed out that Kwara’s strategic central location enhances its appeal for real estate development. Its proximity to major commercial hubs like Lagos, Ibadan, and Abuja makes it easily accessible to investors, further boosting its investment potential. Kairos Realty, since its entry into the Kwara market, has experienced strong sales, which reflects the growing demand for real estate in the state.
The state’s rich mineral resources, including limestone, marble, and granite, also present ample opportunities for industrial development, creating an additional driver for the demand for real estate infrastructure. As the government continues to implement policies that encourage investment, such as tax incentives for developers and efficient approval processes, Kwara remains a highly favorable destination for real estate investment.
Taye concluded by highlighting that the combination of favorable market trends, strategic location, supportive government policies, and infrastructure development ensures that investors in Kwara’s real estate sector can expect high returns on investment. He assured that Kairos Realty remains committed to contributing to the market by offering affordable property investment opportunities with flexible payment plans for investors looking to capitalize on the state’s promising real estate potential.
