Revolutionizing Naija’s Property Game: Our Property NG Takes Center Stage in Nigeria’s Booming Real Estate Scene

Nigeria’s real estate sector continues to expand at a steady pace, fuelled by population growth, urbanisation, and a rising interest in digital solutions that simplify property ownership and management. Within this landscape, Our Property NG has drawn attention as one of the emerging platforms introducing technology into everyday real estate operations for landlords, tenants, and agents across the country.

Data from industry analysts value Nigeria’s real estate market at ₦2.61 trillion in 2025, with residential properties accounting for ₦2.25 trillion. Projections suggest it could reach ₦3.41 trillion by 2029, growing at a 6.87 percent compound annual rate. The growth is driven by increasing urban migration, government infrastructure investment, and private sector activity, but challenges persist. The country faces a housing deficit estimated between 17 and 20 million units, which could rise toward 30 million by year’s end as demand grows by about 8 percent annually.

Cities such as Lagos, Abuja, and Port Harcourt continue to dominate activity. Property prices in areas like Ibeju-Lekki are forecast to increase by around 15 percent by December, while commercial properties recorded 5.4 percent growth in the third quarter of 2024, overtaking oil as the nation’s third-largest economic driver. Diaspora inflows into the housing sector also remain strong, with remittances rising 8.9 percent to ₦20.93 billion last year. The government has allocated ₦548.6 billion for roads and ₦99 billion for 20,000 affordable housing units as part of its infrastructure drive.

Despite these positive indicators, the realities for property owners remain mixed. Inflation and fluctuating currency values continue to affect affordability, and only about 10 percent of Nigerians can access high-end housing. Power supply problems and the cost of building materials further complicate maintenance and project delivery. These pressures have contributed to a wider acceptance of technology-based property management solutions.

Our Property NG, which was developed in Nigeria, provides a cloud-based software system that allows property owners and agents to automate rent collection, manage tenants, track maintenance, and issue digital receipts. The platform integrates Naira-based payments with CBN-approved gateways and sends reminders through SMS and email. For users, this approach replaces manual recordkeeping that often leads to lost data or disputes.

One user, Mrs. Funke Adebayo of Ibadan, noted that the digital system has helped her monitor rent payments and reduce misunderstandings with tenants. Local experts such as Taiwo Salam & Co. estimate that manual tracking can waste up to 40 percent of a landlord’s time, while automation can reduce administrative work by as much as half.

The software also supports agents with customer management tools and performance monitoring. Listings can be optimised for searches relevant to the Nigerian market, and virtual inspections are supported even on limited internet networks. E-signature functions comply with local legal standards under the Evidence Act.

Tenants have access to an accompanying mobile application through which they can view properties, make payments, or report issues. In Abuja and other major cities, professionals say the app helps streamline maintenance response times. Financial management tools are included to track returns on investment and forecast income amid economic volatility.

Comparisons with other platforms highlight its local adaptability. While global systems such as Yardi and AppFolio or regional players like RentSmallSmall and PropertyPro CRM serve broader audiences, Our Property NG is designed for domestic use, reducing the friction caused by currency exchange, regulation, or infrastructure gaps.

Agents who use the software gain access to basic branded websites to display listings and engage clients, features that traditionally required additional costs. Consultant Olumide Akinyemi, who operates in Lagos, said automation has made it easier to follow up on leads and manage his team without resorting to spreadsheets.

As Nigeria’s property market continues to expand, tools that simplify operations are becoming increasingly relevant. Proptech adoption has been rising by roughly 20 percent annually, reflecting a shift toward data-driven management. However, barriers remain, including unstable economic conditions and varying levels of digital literacy in rural areas.

Our Property NG and similar platforms are expected to play a larger role as the industry modernises. By combining automation with compliance and mobile accessibility, these systems aim to improve efficiency and transparency in an environment where demand for housing and accountability continues to rise.