The migration of affluent individuals and politicians from Lagos to Abuja has sparked the capital city’s real estate boom, driving prices of luxury properties in highbrow areas such as Maitama, Asokoro, and Guzape by at least 200.
The individuals, who came into Abuja after the 2023 presidential election victory of Bola Tinubu, have raised the demand for real estate in the high-brow areas as they purchase homes and offices at prices ranging from N500 million to N3 billion.
Benjamin Onigbinde, a real estate economist and CEO of Sigvent Prop
