In the second quarter of 2023, Nigeria's real estate sector grew by about 1.87 percent compared to the same quarter of the previous year. Over the observed period, the growth rate reached its highest value in the third quarter of 2022, as it grew by 4.56 percent compared to the same quarter of the previous year.

Proptech refers to the use of technology and innovation within the real estate industry. In South Africa, the volume of investment in the proptech sector totaled *********** U.S. dollars as of the first half of 2022, while in Nigeria, this figure amounted to *********** U.S. dollars.

The dataset for this project was obtained from a Nigerian real estate company called PropertyPro NG (https://www.propertypro.ng/). The extracted dataset contained information such as the rent of residential properties e.g. homes, apartments across different cities in Nigeria in 2022.

The price of this properties are in the Nigerian Naira (NGN)

Using web scraping technology through Python and BeautifulSoup4, the data was scraped from their listing page of properties in Nigeria.

The goal is to predict the sales price of a property. This would be a good challenge for practicing your feature engineering skills like: - Extracting the type of property from the Title/More Info e.g. Duplex, Semi-Duplex, Apartment, Flat - Extracting the State, City, Neighborhood or Estate of the property from the Location - Converting the strings in the Bathroom, Toilet or Bedroom columns into numbers - Converting the Price column into a numerical object and extracting the Price Period e.g per year, per sqm from the same column

Nigeria NDI: Market Prices: 2010p: National Income: Property And Entrepreneurial Income: From and To the Rest of the World: Net data was reported at -253,634.049 NGN mn in Jun 2024. This records a decrease from the previous number of -246,426.669 NGN mn for Mar 2024. Nigeria NDI: Market Prices: 2010p: National Income: Property And Entrepreneurial Income: From and To the Rest of the World: Net data is updated quarterly, averaging -376,552.796 NGN mn from Mar 2007 (Median) to Jun 2024, with 70 observations. The data reached an all-time high of 30,884.360 NGN mn in Dec 2009 and a record low of -1,080,656.961 NGN mn in Sep 2022. Nigeria NDI: Market Prices: 2010p: National Income: Property And Entrepreneurial Income: From and To the Rest of the World: Net data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.A015: SNA 2008: National Disposable Income: 2010 Price.

In 2023, the value of gross property and casualty insurance premiums written in Nigeria amounted to around *** million euros. This was the highest value since 2000. P&C premiums in Nigeria increased by over *** million euros between 2022 and 2023.