Experts in the real estate industry have asserted that “real estate is the fastest vehicle to wealth creation,” stressing that disciplined, sustained effort unlocks property’s true wealth‑building potential.
That mantra set the tone for Abode’s Inaugural Realtors’ Rise Conference, themed “Elevate Your Sales Game Like a Pro,” which convened realtors and stakeholders from Lagos and beyond for a blend of training, motivation and celebration.
Against a backdrop of robust sector fundamentals, speakers noted that Nigeria’s real estate market is poised for significant growth in 2025.
Rapid urbanisation and a population climbing past 220 million—projected to exceed 400 million by 2050—have produced a housing shortfall of more than 28 million units, according to the United Nations and the Federal Mortgage Bank of Nigeria.
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Despite economic headwinds, the sector expanded 5.3 percent in Q3 2024, per the National Bureau of Statistics, and has overtaken oil and gas as the third‑largest contributor to GDP.
“We expect the real estate sector to improve in 2025,” said Akintoye Adeoye, president of the Real Estate Developers Association of Nigeria (REDAN).
Jeffrey Itepu and Damilare Oshokoya, Abode co‑founders emphasised the industry’s wealth‑creation promise through strategic growth and skill development.
In his keynote “Printing Your Money,” Itepu recounted his own journey and urged delegates to convert insight into action to seize emerging market opportunities.
A highlight panel of top Abode agents illustrated those principles in practice. Grace Oluwadamilola urged newcomers to “just do it,” noting that persistence matters more than large capital outlays.
Kofoworola Ologbe credited Abode with delivering the “soft life” she aspired to, praising its affordability, accessibility and community support.
Delegates also took away practical rewards: 50 percent discounts on Associate Pro subscriptions, alongside cash prizes, gifts and awards for standout agents. Panelists agreed that Abode’s combination of tools, mentorship and community sets it apart in Nigeria’s real estate landscape.
With lessons drawn from the 2024 Detty December frenzy, when hotels generated US$44 million and short‑let apartments US$13 million in a single month, investors were reminded of the market’s earning potential.
Investing in the country’s property market in 2025 offers a strategic path to long‑term financial growth, buoyed by rising demand, resilient prices, strong rental yields and supportive policy measures.
