13/05/2024
The Abuja International Housing Show focused greatly on how the Nigerian real estate market can ADAPT TO FUTURE CLIMATE CHALLENGES.
Environmental, Social, and Governance (ESG) considerations are gaining increased prominence in the African real estate sector. The escalation of billion-dollar climate events and the implementation of stricter government regulations and ESG mandates, particularly in leading commercial Real Estate markets, underscore the growing importance of prioritizing ESG for property owners and managers. Stakeholders are increasingly committing to net-zero targets, advocating for sustainable practices, and actively seeking environmentally friendly properties. In Nigeria, sustainable real estate investment is on the rise despite challenges, propelled by the influence of green financing and transformative investment trends reshaping the traditional real estate landscape. The emphasis on energy efficiency and environmental sustainability is increasingly becoming a pivotal factor in investment decisions, with more properties attaining green building certifications.