Nigeria real estate GDP figures for the second quarter of 2026 show the sector produced 12.71 per cent of real output, third among all activities, the National Bureau of Statistics said in Abuja on Monday, August 31, 2026.
The bureau’s report showed the economy grew 4.43 per cent year on year in real terms. That was faster than 3.89 per cent in the first quarter and 4.23 per cent in the same period of 2025.
Only trade, at 17.93 per cent, and crop production, at 17.66 per cent, contributed more to national output, Economy Post reported.
How much Nigeria real estate GDP grew in Q2 2026
The sector grew 3.76 per cent year on year in real terms during the quarter, Daily Trust reported. That was 1.47 percentage points faster than in the first quarter, though slightly below growth in the second quarter of 2025.
Real estate’s share of the economy slipped a little. The sector accounted for 13.10 per cent of real GDP in the first quarter of 2026, according to BusinessDay.
The two numbers measure different things. The Nigeria real estate GDP share of 12.71 per cent shows how large the sector is, while the 3.76 per cent figure shows how quickly it grew. On the second measure, property trailed the wider economy.
How fast Nigeria’s economy grew in the second quarter
Services remained the largest part of the economy, accounting for 56.62 per cent of real GDP, Voice of Nigeria reported. The sector grew 4.60 per cent, up from 3.94 per cent a year earlier.
Agriculture made up 26.15 per cent of output and grew 4.39 per cent, compared with 2.82 per cent in the second quarter of 2025.
Industry slowed sharply. The NBS said the sector grew 3.96 per cent, down from 7.46 per cent a year earlier.
The non-oil economy grew 4.31 per cent and made up 95.84 per cent of real GDP. The bureau credited that performance to agriculture, information and communication, real estate, trade, financial and insurance services, manufacturing and construction.
The oil sector grew faster, at 7.31 per cent, but its share of output was only 4.16 per cent.
In nominal terms, GDP stood at ₦119.29 trillion, up 18.43 per cent from ₦100.73 trillion in the second quarter of 2025.
How construction performed alongside real estate
Construction grew 6.75 per cent year on year, 1.48 percentage points faster than a year earlier, according to BusinessDay. The activity contributed 3.68 per cent of real GDP.
The two sectors are closely linked but measure different work. Construction output tracks building that is under way. The Nigeria real estate GDP figure covers housing, property transactions, land activity and the rental market, as Daily Trust described it.
Background on Nigeria real estate GDP
Real estate’s place in the national accounts changed sharply in 2025. On Monday, July 21, 2025, the NBS rebased GDP, moving the base year from 2010 to 2019, Daily Trust reported.
Statistician General Prince Adeyemi Adeniran said at the time that real estate had risen to third place among economic activities, pushing crude petroleum and natural gas down to fifth. Under the rebased figures, the Nigeria real estate GDP share for 2019 was 10.78 per cent, up from 6.24 per cent in the old estimates.
The NBS attributed the jump to better coverage of informal real estate activity, Premium Times reported. The previous rebasing was carried out in 2014, using 2010 as the base year.
The order at the top has shifted slightly since then. In the 2019 rebased data, crop production ranked first and trade second. In the second quarter of 2026, trade moved ahead.
For the full year 2025, the economy grew 3.87 per cent, compared with 3.38 per cent in 2024, according to Voice of Nigeria.
What happens next
Analysts cited by Leadership said the second-quarter result put Nigeria on track to meet the federal government’s 2026 growth target of 4.68 per cent. Most forecasts for the year had placed growth between 4 and 4.5 per cent, the newspaper reported.
The NBS will publish third-quarter figures, covering July to September, later in the year. A release date had not been announced as of press time. Those figures will show whether Nigeria real estate GDP growth keeps recovering from its weak first quarter.
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