The real estate market in Abuja has been experiencing steady growth over the past few years. The city's growing population and the influx of people from different parts of the country have led to an increase in demand for housing, resulting in an uptick in property prices.

According to recent research by PropertyPro.ng, an online property marketplace in Nigeria, the average price of a three-bedroom apartment in Abuja increased by 0.48% from N32.43 million in Q3 2021 to N32.59 million in Q4 2021. Similarly, the average price of a four-bedroom apartment increased by 2.19% from N78.96 million in Q3 2021 to N80.72 million in Q4 2021.

The research also shows that despite the high property prices, demand for housing remains strong in Abuja, with many people still looking for affordable homes in the city. The COVID-19 pandemic has also had an impact on the real estate market, with many people seeking more spacious homes with outdoor spaces.

To address the growing demand for housing, the Abuja government is taking steps to develop more affordable housing in the city. In December 2021, the Federal Mortgage Bank of Nigeria (FMBN) launched a new housing scheme in collaboration with the Nigerian Labour Congress (NLC) to provide affordable housing for Nigerian workers, including those in Abuja. The scheme is aimed at providing housing at a lower cost to low and medium-income earners.

The real estate market in Abuja is also expected to continue to grow in the coming years. According to a recent report by FSDH Research, a Nigerian research firm, the real estate market in Nigeria is expected to grow at a CAGR of 8.6% from 2020 to 2025, driven by population growth and urbanization. In Abuja, the demand for housing is expected to continue to increase due to the city's growing population and economic development.

In conclusion, the real estate market in Abuja remains strong, with an increase in demand for affordable housing. While property prices may remain high due to the high cost of building materials and the scarcity of land, the Abuja government's efforts to develop more affordable housing in collaboration with private sector players are expected to have a positive impact on the market. With a growing population and strong economic development, the real estate market in Abuja is expected to continue to grow in the coming years.