24/02/2026
A $2.5M property in Lekki and a $2.5M property in a mature market abroad are not priced for the same reasons.
Real estate value isn’t just about how the house looks.
It reflects the system behind it.
In emerging markets, developers often build the infrastructure from the ground up — roads, drainage, utilities, security, estate systems. Those costs are embedded in the price.
In mature markets, much of that infrastructure already exists within a long-established economic and regulatory structure. Pricing reflects stability and lower volatility.
Same price point.
Different market stage.
Different risk profile.
Different investment logic.
Before comparing price tags across borders, compare fundamentals.
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