FG Identifies Major Impediments to Sustainable Real Estate Development in Nigeria

Sustainability is increasingly central to real estate development globally, with significant efforts underway in both the ASEAN region and the United States. PropertyGuru Asia Property Awards is partnering with The Green Real Estate 2025 event to accelerate sustainable, decarbonized, and climate-resilient urban development across ASEAN, fostering collaboration among industry leaders. In the U.S., developers are adopting innovative sustainable materials and adaptive reuse strategies to reduce carbon footprints and preserve architectural heritage, as illustrated by projects like the carbon-positive Populus hotel and Manhattan’s One Wall Street. Luxury developments are integrating biophilic design and holistic sustainability approaches that prioritize wellness and environmental responsibility, reflecting growing buyer demand for homes aligned with their values. Meanwhile, in Nigeria, governmental challenges such as multiple taxation and poor data are hindering sustainable real estate development, though upcoming tax reforms aim to address these issues and support the sector’s growth amid rapid urbanization. Collectively, these initiatives highlight diverse regional approaches to embedding sustainability within real estate to meet environmental and social goals.