Smart Homes Nigeria: ₦15M Premium Justified - IoT Increases Property Value 23%

Smart Home Revolution

Smart home technology is transforming Nigerian real estate, with properties commanding significant premiums and selling faster than traditional homes.

Market Data

• Average premium: 23% above comparable traditional properties
• Sales velocity: 35% faster than non-smart homes
• Adoption rates: Ikoyi 67%, Lekki 45%

ROI Analysis

Initial investment of ₦15M in smart home features typically recovers within 3-4 years through increased property value and rental premiums.