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  Real estate is one of Nigeria’s biggest sectors, employing tens of thousands of people and contributing trillions of naira to the country’s economy each year. But there are numerous challenges within its domain that need to be addressed. And these issues present Nigerian entrepreneurs with potential PropTech startup ideas to bring to life.
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PropTech is the use of contemporary technology to solve problems in real estate. Whether it is apps connecting prospective tenants and landlords, or digital platforms for crowdfunding real estate projects, there are a lot of ideas in this space that first-time and experienced entrepreneurs can turn into successful businesses. Here are 10 of them you can choose from:

Real Estate Insurance Software

There’s still some way to go before insurance is fully embraced by a majority of working Nigerians. However, a growing number of people understand its importance and are willing to pay for coverage. Developers and small-time builders who want to take out an insurance policy for their structures abound. Many of them will be pleased to do that conveniently, from wherever they are. This is something you can build a startup around.

Lending Software

Projects in this industry are capital-intensive. And even the most financially secure developers may sometimes need to borrow for projects. Larger businesses will approach the big institutional lenders. But less robust developers can benefit from an outlet that supplies them with credit when they need it. ML-powered screening will identify high and low-risk applicants, which you may then engage accordingly.

Real Estate Data Analytics

Many Nigerian industries suffer from a dearth of quality data. This is true for real estate. If you provide data analytics services to players in the sector, you can scale the business so that it fills the need for data and analysis for real estate in Nigeria and elsewhere in Africa. Large corporate bodies in this space will likely subscribe to your solution if they think it can deliver value for their money.

Facility Management Platform

This technology allows organisations to manage the operations and maintenance of their buildings, the assets, inventory and space within them, and determine maintenance costs and energy consumption. It’s ideal for organisations that want to automate property tracking and reduce running costs. When it’s used efficiently, it could help to identify problems that may worsen if they aren’t tackled early.
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Marketing and Advertising Brokerage

These brokerages can connect real estate businesses to media channels that broadcast, display, or distribute promotional content on their behalf. Advertising and marketing brokerages purchase advertising space on old and new media for their client businesses, and place marketing content on popular digital platforms for them too.

Real Estate Marketplaces

Online real estate marketplaces can enable the linkup of property buyers, sellers, investors, and developers for transactions. Many of these marketplaces let agents list property for sale and provide their contact details so that potential clients can get in touch with them. Renters may also discover residential or commercial spaces that they find suitable, and communicate their interest in those spaces to the listing party.

Bidding Software

This takes a similar form to the marketplace model referred to earlier. But instead of the platform being primarily for linking sellers and buyers/renters, it’s a place for landlords to auction their property. People who want to acquire property register their bids there, and the landlords settle for a bid that they find satisfactory.

Property Development Apps

Property development software can aid the entire property development lifecycle, from feasibility studies to cost management. Its functions also include financial, data, and customer relationship management. To put it simply, it’s the quintessential efficiency partner for developers who want to optimise their resources.

Real Estate Appraisal Tools

Lenders, sellers, and even buyers may want to ascertain the current market value of a property. Usually, they would turn to a professional real estate valuer to determine this. But you could automate the valuation process and build a business around offering this service to financiers, landlords, and prospective buyers for a fraction of what a human would charge.

Construction Budgeting Software

Coming up with a realistic budget for a construction project is often challenging. This is another problem that technology can help to tackle. Construction budgeting software assists with projecting construction costs and managing project expenses. Taken together, these functions enable construction companies to minimise costs and waste and maximise ROI.
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Final Words

If you would like to launch a startup at the intersection of real estate and modern technology, you may explore the PropTech startup ideas we’ve covered here. Even though they are solutions to some of the biggest problems in Nigeria’s real estate industry, only a few of them have been pursued to a significant extent. They present you with an early mover opportunity at the edge of a future that is even more technology-driven.
Got a suggestion? Contact us: editor@connectnigeria.com
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This article was first published on 1st May 2025
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ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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