Exploratory-Data-Analysis-for-Residential-Real-Estate-Prices-in-Nigeria

Introduction

This Exploratory Data Analysis project was carried out to gain insights on the Nigerian Property Market. The Federal Republic of Nigeria, is a country in West Africa and the most populous country in Africa with a population of over 216 million. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria consists of 36 Federal states and the Federal Capital Territory, Abuja. Lagos is the largest city in Nigeria and the second-largest in Africa.

The dataset used was obtained from Kaggle (https://www.kaggle.com/datasets/abdullahiyunus/nigeria-houses-and-prices-dataset). It contains data on Lagos Property prices scrapped by Abdullahi Yunus ( https://www.kaggle.com/abdullahiyunus).

Business Problem

In order gain a clear understanding of the Nigerian Real Estate market, an Exploratory Data Analysis project is necessary. This EDA project focuses on;

• property prices in Nigeria.
• property types in the Nigerian Real Estate Market
• common features of properties in the Nigerian Real Estate Market.
• factors that influence property prices in the Nigerian Real Estate Market.

These insights are often needed by Real Estate Development companies to estimate the potential Return On Investment (ROI) of a proposed investment.

Categorical Features

Bedrooms - Number of bedrooms

Toilets - Number of toilets

Bathrooms - Number of bathrooms

State - Federal State

Title - Property type

Town - Town in a federal state