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What will happen in Kano’s real estate market? Will prices rise or fall? Is Kano still an attractive destination for investors? How are local government policies and taxes shaping the real estate landscape in 2025?
We’re frequently asked these questions because of our deep involvement in this market. Through our collaborations with local real estate agents, developers, and clients purchasing properties in Kano, we’ve gathered firsthand insights.
That’s why we crafted this article: to deliver clear answers, insightful analysis, and a comprehensive perspective on market predictions and forecasts.
Our aim is straightforward: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could improve, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll strive to enhance this content for you.
1) Interest in Dala properties will drop as flooding concerns grow
The Dala region in Kano is grappling with serious flooding issues, making it a risky spot for property buyers.
Back in 2024, floods wreaked havoc, destroying around 3,000 homes across Kano State. This has understandably made people nervous about investing in property here.
The National Hydrological Services Agency has flagged Kano as a high-risk area for flooding due to its heavy rainfall. This warning is enough to make any potential buyer think twice about purchasing property in Dala.
Media outlets have been buzzing with stories about the devastating impact of floods on homes and businesses in Kano. Such coverage only adds to the fear, making buyers more cautious about the environmental risks.
Experts are saying that Kano's drainage systems are not up to the mark, and unchecked development is making things worse. Without major infrastructure upgrades, the flooding threat in Dala isn't going away anytime soon.
Sources: DTM IOM, HumAngle Media, Africa Center
2) Kano’s property prices will rise moderately as new infrastructure improves connectivity
Kano's real estate market is on the brink of a moderate price increase thanks to new infrastructure projects enhancing connectivity.
In recent years, the government has poured over N40 billion into road infrastructure, including major projects like the Dan Agundi interchange underpass and flyover. This was just the beginning, as an additional N7.7 billion was earmarked in 2024 for further projects, such as expanding Zaria Road. These investments are not just numbers; they are reshaping how people move around the city.
With these developments, getting to key areas in Kano has become much easier, and this convenience is drawing in more people. As transportation improves, businesses and residents are flocking to the area, naturally boosting the demand for both residential and commercial properties. It's a simple equation: better roads mean more interest in living and working in Kano.
While we don't have specific data for Kano, there's a clear pattern in other cities: property prices tend to rise when new infrastructure is introduced. This trend is a good indicator that Kano might follow suit, seeing a moderate increase in real estate prices as these projects come to fruition.
For those considering buying property in Kano, this is an exciting time. The city's landscape is changing, and with it, the opportunities for investment. As the infrastructure projects continue to roll out, the real estate market is poised for growth, making it a potentially lucrative time to invest.
Keep an eye on these developments, as they are likely to shape the future of Kano's property market. The combination of government investment and increased connectivity is setting the stage for a dynamic real estate environment.
Sources: DMarketForces, The Guardian, BusinessDay
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Nigeria versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Rents will level out as new housing developments offer more choices for tenants
In 2023 and 2024, Kano saw a big push to boost housing supply, which helped stabilize rents.
The federal government wrapped up 160 housing units in Jaba, Fagge, and the Renewed Hope City added another 500 units. This meant more choices for tenants, naturally keeping rental prices in check.
Looking ahead, Governor Abba Kabir Yusuf's 2025 budget plans to pour funds into infrastructure and housing. This shows a strong commitment to tackling housing needs, which should keep rents stable. The Nationwide Renewed Hope Cities and Estates Programme is also set to roll out 3,500 housing units across several states, including Kano.
Kano's real estate market is buzzing, attracting both local and foreign investors. This is thanks to the city's growing population and economic boom, which means more housing options and steadier rents.
Media coverage of these projects highlights the government's efforts to tackle housing shortages and make living more affordable. This reinforces the trend towards more stable rental prices.
With new housing developments popping up, rents are expected to stabilize, giving tenants more options.
Sources: Gazette Nigeria, FMINO, List Property, FMHUD
4) Interest from foreign buyers in Kano's real estate will grow as the city gains global recognition
Foreign buyers are increasingly eyeing Kano's real estate market as the city gains international recognition.
One major reason for this interest is the steady inflow of Foreign Direct Investment (FDI) from countries like India, Spain, Canada, France, and the United States. These investments are fueling growth in key sectors such as manufacturing, agriculture, and solid mineral extraction, which are thriving in Kano.
The Kano Free Trade Zone is a big draw for international businesses. It offers perks like complete ownership and repatriation of profits, along with duty-free and tax-free import of certain goods. Plus, businesses can tap into both skilled and unskilled labor at competitive rates, making Kano a hot spot for foreign investors eager to expand.
The Kano State government is also stepping up by improving the city's infrastructure and connectivity. They're working on projects like solar-powered boreholes and road rehabilitation to create a more investor-friendly environment. These efforts not only boost the local economy but also make Kano more appealing to foreign buyers.
With these developments, Kano is becoming a more attractive destination for those looking to invest in real estate. The combination of economic growth and improved infrastructure is turning heads internationally.
As the city continues to grow, foreign interest in Kano's real estate market is expected to rise, driven by these strategic improvements and investments.
Sources: Kano State Investment Promotion Agency, Newsworth Magazine
5) Rental yields will drop slightly due to increased competition from too many new housing developments
Building permits have surged, like the 500 units in Kano State, part of a 3,500-unit project.
This boom in new housing is creating an oversupply, which often means lower rental yields for property owners.
According to CoStar Group, the delivery of multifamily units is at a record high since the pandemic, leading to a glut of supply and unsold units.
With so many options, landlords are offering perks like two months of free rent to attract tenants, showing just how competitive the market has become.
In some areas, this oversupply is causing rental prices to drop, making it a tenant's market.
Landlords are feeling the pressure to fill their properties, often resulting in lower rent prices to stay competitive.
Sources: Rental Housing Journal, Business Day, YouTube
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6) Property prices in Kano will keep rising as urbanization boosts demand
Kano's population is on the rise, with the metro area expected to hit 4,491,000 in 2024, a 3.29% jump from 2023.
As more people flock to Kano, the demand for housing naturally increases, pushing property prices up. This trend is fueled by ongoing infrastructure improvements, like modern roads and bridges, making the city more livable and accessible.
With these enhancements, Kano becomes more attractive, drawing in people eager to enjoy a better quality of life. More residents mean more demand for homes, which inevitably drives up property prices.
Commercial activities are booming in Kano, turning it into a bustling urban hub. As businesses grow, they pull in more workers and residents, further boosting the demand for residential properties. This increased demand, paired with limited supply, typically leads to rising property prices.
Looking at other Nigerian cities like Lagos and Abuja, we see a pattern: property prices rise due to high demand and limited supply. Kano is likely to follow this trend as it continues to urbanize.
Overall, residential property prices in Kano will keep rising as urbanization continues to drive demand. Historical data from other urban centers supports this trend, making Kano a promising spot for property investment.
Sources: World Population Review, World Bank Document, Macrotrends
7) Property prices in Kano will dip slightly as more affordable housing projects enter the market
Kano is gearing up for a housing transformation with a major push towards affordable homes in 2023 and 2024.
The government is rolling out plans to introduce 7,000 new affordable housing units, aiming to bridge the housing gap and make homes more accessible for civil servants and the general public. This move is not just about numbers; it's about making a real difference in people's lives by providing them with a place they can call home.
Family Homes Funds is stepping up by supporting the development of over 900 homes. This initiative is a game-changer, not only offering housing but also creating thousands of jobs and boosting local businesses. The ripple effect is clear: more affordable housing means more people are opting for these budget-friendly options.
In a strategic move, the government has teamed up with the Federal Mortgage Bank of Nigeria to deliver another 7,000 affordable units. This partnership is a win-win, expanding the market and making affordable housing more appealing and within reach for residents.
With increased government subsidies and incentives, the appeal of affordable housing is growing. These measures are designed to make it easier for people to own homes, shifting the demand towards lower-cost housing options.
As these affordable housing projects roll out, Kano is likely to see a slight decline in property prices, making it an attractive market for potential buyers looking for value. The introduction of more affordable options is reshaping the real estate landscape, offering new opportunities for those interested in buying property in the area.
Sources: Family Homes Funds, Naija Houses
8) Rental yields in Kano will remain stable as landlords adapt to tenant preferences and economic changes
Kano's rental market is thriving thanks to a mix of urbanization, economic growth, and savvy landlords.
With rapid urbanization, Kano's population is booming, driving up the demand for housing and commercial spaces. This surge in demand is a boon for landlords, ensuring that rental yields remain strong and stable.
Kano isn't just any city; it's a major commercial and industrial hub in northern Nigeria. The city's expanding economy is a magnet for both residential and commercial property seekers. As the economy grows, so does the value of properties, making it an attractive spot for investors.
Government investments in infrastructure are also playing a part. These improvements are boosting property values and drawing more investors into the market, further solidifying the rental yields for landlords.
Landlords in Kano are not just sitting back; they're adapting. By offering modern amenities and well-thought-out layouts, they're meeting the evolving needs of tenants. This adaptability is key to keeping tenants happy and rental yields steady.
In a market where tenant preferences are always changing, Kano's landlords are proving to be quite adept. Their focus on good infrastructure and reasonable layouts is ensuring tenant retention, which is crucial for maintaining stable rental yields.
Sources: Dantata Town, MDPI, TenantCloud
We have made this infographic to give you a quick and clear snapshot of the property market in Nigeria. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Demand for family-oriented housing in Kano will grow as more young families move to the city
Kano is becoming a hotspot for young families looking to settle down.
With a 3.27% annual population growth, Kano is on track to reach over 6.5 million residents by 2035. This surge means more young families are choosing Kano as their new home.
Nigeria's high birth rate, with 35.341 births per 1000 people in 2025, and a total fertility rate of 5.143 births per woman in 2022, are fueling the growth of young families. This trend is pushing up the demand for family-friendly housing in cities like Kano.
Urbanization is another big factor. As people move from rural areas to cities, Kano stands out as a major urban center attracting families seeking better opportunities and living conditions.
Kano's economic development is creating jobs that appeal to young families. The city's improved infrastructure and transportation make commuting easier, enhancing its appeal as a place to live.
The expansion of educational institutions in Kano is a big draw for families. These schools and services make the city a more attractive place to raise children, catering to the needs of young families.
Real estate trends show a growing demand for larger homes, indicating that young families prefer urban living with more space. This shift towards nuclear family setups is boosting the need for family-oriented housing in Kano.
Sources: Macrotrends, Macrotrends, World Population Review
10) Demand for homes with office spaces in Kano will grow due to remote work trends
In Kano, remote work is booming thanks to better internet access from providers like MegaMore Wireless Broadband.
With 88% growth in remote roles in Nigeria, more people are setting up home offices to create a productive work environment. It's not just about a desk; they want spaces that help them focus.
Interestingly, 82% of remote workers prefer home offices over coworking spaces, making dedicated workspaces a top priority when choosing a home.
The demand for home office furniture is rising in Nigeria, showing that people are investing in ergonomic setups to boost comfort and productivity.
In Kano, this trend is particularly noticeable as more residents adapt their homes to accommodate remote work needs.
As remote work becomes more common, homes with dedicated office spaces are increasingly sought after, reflecting a shift in home-buying priorities.
Sources: MyJobMag, MegaMore Broadband, Statista, Pumble
11) Property values in Bompai will rise as industrial growth draws more workers looking for nearby homes
Bompai is buzzing with industrial growth, making it a hot spot for rising property values.
Thanks to hefty investments in the oil and gas sector, international firms are pouring money into Bompai, fueling this industrial boom. These projects are not just about oil; they're about transforming the entire region into a bustling industrial hub.
In Nigeria, the construction industry is on fire, with nearly 450,000 jobs up for grabs. This is the highest number seen in decades, and it's drawing workers to places like Bompai, where they want to live close to their jobs.
As more workers flock to Bompai, the demand for housing near these industrial zones is skyrocketing. People want to live where they work, and this is pushing property values up.
History shows that when industrial growth takes off, property values follow suit. Bompai is no exception, as the need for housing continues to climb alongside its industrial expansion.
Sources: Nigeria Construction Industry Report 2023, Housing Construction – Huge Impact from Critical Worker Shortage, Manufacturing, Value Added (% Of GDP)
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12) Rental yields will increase in areas with new commercial projects as tenants look for convenience
In 2023 and 2024, rental yields surged in areas with new commercial developments.
Take Kano, for example, where the Federal Government's plan to build 10,000 residential apartments in the Sharada Industrial area is a game-changer. Such projects boost housing stock and draw in more tenants, naturally leading to higher rental yields. When new shops and businesses pop up, people flock to these areas, driving up property values. This means landlords can charge more rent, and tenants are often willing to pay extra for the convenience of living near amenities.
It's not just about the numbers; it's about lifestyle. Tenants love the convenience of being close to commercial hubs, and they're ready to pay a premium for it. This trend isn't unique to Kano. In the U.S., neighborhoods with fresh commercial developments see a spike in foot traffic and business activity. This buzz makes these areas more attractive to tenants, pushing rental yields even higher.
Imagine living where everything you need is just a short walk away. That's the allure of these neighborhoods. New businesses bring life and energy, making the area more desirable. It's a win-win for landlords and tenants alike. As more businesses set up shop, the demand for nearby housing grows, and so do the rental prices.
In cities across the globe, the pattern is clear. Commercial developments are magnets for both businesses and residents. They transform neighborhoods, making them vibrant and sought-after. This transformation is what drives up rental yields, as more people want to live where the action is.
So, if you're considering buying property, keep an eye on areas with upcoming commercial projects. These neighborhoods are poised for growth, offering potential for higher rental returns. It's all about being where the convenience and excitement are.
Sources: Business Day, Falcony Blog, CRE Daily
13) Rents in Kano will rise as population growth exceeds available rental supply
Kano's population is booming, with the metro area reaching 4,491,000 in 2024, a 3.27% jump from the previous year.
This growth rate is among the highest in Nigeria, outpacing the national average and signaling a bustling future for the city. By 2035, projections show Kano's population could hit 6,578,980, which means more people will be looking for places to live.
With this rapid increase, the demand for housing is set to skyrocket. The city's current rental market might struggle to keep up, leading to a potential shortage of available properties.
Even without exact numbers on rental supply, the signs of strain are evident. Rapid urbanization and high population density suggest that finding a rental property could become increasingly competitive.
As more people flock to Kano, rental prices are likely to climb. This trend is driven by the simple economics of supply and demand, where more people mean more competition for the same number of homes.
For potential property buyers, this could mean a lucrative opportunity. Investing in Kano's real estate market now might pay off as rents continue to rise with the growing population.
Sources: Macrotrends, Taylor & Francis Online, World Population Review
14) Demand for high-quality rentals in central Kano will grow as more skilled workers move in
The influx of skilled workers to Kano is set to boost demand for high-quality rental properties in central areas.
Kano's industrial and commercial sectors are booming, especially with a strong MSME presence, which means more job opportunities are popping up. Skilled workers are flocking to these jobs, and they often prefer high-quality rentals. This trend is not just about jobs; it's about the lifestyle that comes with living in a vibrant city center.
The government is also playing a big role by offering incentives like interest-free loans for women through microfinance banks. These initiatives are designed to keep talent in the area, which means more skilled professionals are moving to Kano and looking for quality places to live. The arrival of multinational companies, attracted by Kano's business-friendly environment, further fuels this demand.
Surveys show that skilled workers have a strong preference for urban living, and many are willing to relocate for the right job. This aligns with the broader trend of urbanization in Nigeria, where cities like Kano are seeing significant population shifts towards urban areas. As more people move to the city, the demand for high-quality rentals in central locations is expected to rise.
In Kano, the buzz is palpable as more professionals seek out quality housing options. The city's central locations are becoming hotspots for these workers, who are drawn by the convenience and lifestyle they offer. This shift is not just about numbers; it's about creating a vibrant community where skilled workers can thrive.
With all these factors in play, it's clear that Kano is on the rise as a destination for skilled professionals. The demand for high-quality rental properties in central locations is only going to grow, making it an exciting time for the real estate market in the area.
Sources: Impact of MSMEs on Employment Generation in Kano State, Nigeria, The Role of Industries in the Economic Development of Kano State..., Localyze Trend Report: Immigration by the Numbers 2023
We made this infographic to show you how property prices in Nigeria compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) Residential developments will surge in Kano's outskirts as better roads make commuting easier
The outskirts of Kano are gearing up for a residential boom thanks to better road networks.
The Abuja-Kaduna-Zaria-Kano Road (AKR) Project is a major player in this transformation, aiming to cut down travel times and make these areas more appealing for new homes. By early 2024, the project was already 59% complete, showing real progress in making commuting easier.
As central Kano gets pricier, people are looking to the suburbs for more affordable options. This shift is driven by rising property prices in the city center, pushing demand to the outskirts.
Nigeria's fast-paced urbanization and growing population are also fueling the need for housing outside the city. Improved roads are making these areas more attractive to commuters, echoing trends seen in other cities like Lagos and Abuja, where better connectivity has spurred suburban growth.
Urban planning and real estate insights point to a rising interest in these suburban areas. The improved road access is a game-changer, making them more appealing for those who work in the city but prefer living in quieter, more affordable neighborhoods.
Sources: NSIA, DHL Report, Julius Berger
16) Kano’s property prices will stabilize as government policies focus on controlling inflation and housing affordability
The Nigerian government is working to stabilize the economy and control inflation, which is crucial for the real estate market in Kano.
By removing the petrol subsidy and reforming the foreign exchange market, the government aims to reduce inflationary pressures. This should create a more stable environment for property prices in Kano, making it a more attractive option for potential buyers.
Inflation has been a challenge, with consumer prices rising significantly. However, the Central Bank of Nigeria is actively implementing strategies to manage and reduce inflation, which is expected to help stabilize property prices in the region.
Kano is rapidly urbanizing, with its population projected to double by 2050. This growth is increasing demand for housing and commercial spaces, prompting significant investments in infrastructure development by the city government.
These infrastructure investments, along with proactive government policies, aim to tackle issues like limited infrastructure and land tenure. This could lead to an increased housing supply, further stabilizing property prices.
Private sector initiatives are also playing a role in addressing these challenges, contributing to a more balanced real estate market in Kano. The combination of these efforts is expected to create a more affordable housing market for potential buyers.
Sources: World Bank Document, Dantata Town, Green Peak Shelters
17) Demand for entry-level homes in Kano will rise due to new tax incentives for first-time buyers
New tax incentives for first-time homebuyers in Kano are set to make entry-level properties more appealing.
In places like the United States, similar incentives have worked wonders, with home sales jumping by about 2 percentage points thanks to state-level downpayment assistance programs. This shows that such incentives can really get the housing market moving.
In Nigeria, the dream of owning a home is catching on, fueled by government efforts and a growing economy. While we don't have exact numbers for Kano, the trend across Nigeria is clear: more people are buying their first homes. In Kano, 39.8% of households have three or more sleeping rooms, pointing to a need for more housing options.
Affordability is a big deal in Kano, especially for those in the middle and lower income brackets. These tax incentives could make entry-level homes more budget-friendly, sparking more interest. Plus, with Kano's population booming—over 11 million people as of 2018—there's a huge market for these properties.
Sources: Brookings, Global Data Lab, Science Publishing Group
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18) Kano will enforce stricter building rules for sustainable and eco-friendly housing developments
Kano has been grappling with more frequent flooding and environmental challenges in recent years.
These issues are largely due to unpredictable weather patterns, with heavier and untimely rains causing flash floods and landslides. Such extreme weather events have wreaked havoc on infrastructure and homes, highlighting the urgent need for stricter building regulations to tackle these risks.
People are becoming more aware of the benefits of eco-friendly construction, thanks to media and advocacy efforts. This growing awareness is pushing for environmentally sustainable housing solutions in Kano. As more folks get on board with sustainable building practices, the demand for tougher regulations is likely to rise.
On top of that, technological advancements have made green building materials more affordable and accessible. This shift is encouraging developers to embrace sustainable practices, which naturally leads to stricter building codes. With these changes, Kano is clearly on a path to implementing regulations that ensure new homes are both sustainable and eco-friendly.
Sources: World Bank, Daily Trojan
19) Investment in underdeveloped areas in Kano will grow due to changes in property tax policies
Changes in property tax policies can really shake up where people choose to invest.
Take California's Proposition 13, for example. It slashed property tax rates, which led to more stability and long-term investment in real estate. This kind of predictability is a game-changer for underdeveloped areas, as it gives investors a clearer picture of what to expect.
Colorado followed suit with Senate Bill 24-233, which aimed to keep property taxes in check by setting limits and adjusting valuations. This move can make less developed areas more appealing to investors by offering a stable tax environment. When investors have a good idea of their tax obligations, they're more likely to pour money into these regions.
Experts often emphasize how crucial stable and favorable tax policies are for real estate development. They argue that reasonable property tax rates can make properties more attractive by reducing the price discount caused by high taxes. This is especially important for areas that need a boost in investment to grow.
In underdeveloped regions, attracting investment is vital for growth. By offering a predictable tax landscape, these areas can become more enticing to potential investors, encouraging them to commit their resources.
Ultimately, the right tax policies can transform underdeveloped areas into thriving communities by spurring economic growth and development.
Sources: NBER, Colorado Legislature, Tax Foundation
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.