Why Are Homes Becoming Harder to Own?

A generation ago, owning a home felt like a reasonable life milestone. Today it feels like a stretch goal. What changed?

The forces at work

• A widening housing deficit — demand far outpaces supply, pushing prices up.
• Inaccessible finance — mortgages remain out of reach for most.
• Inflation — it erodes savings faster than people can accumulate a deposit.
• Stagnant real incomes — salaries rarely keep pace with property prices.

None of these are the fault of the people trying to buy. They are features of the market.

A response, not a complaint

RaffleProp is a structured response to these forces: a regulated property competition that lowers the entry point to ₦2,500 and keeps the process transparent, valued and escrow-protected from start to finish.

A different way to reach property ownership

RaffleProp runs FCCPC-regulated promotional competitions for real property in Nigeria. Entry starts from ₦2,500, every property is independently valued by an NIESV firm, all funds sit in escrow at a named Nigerian bank, and the winner is selected in a live-streamed, independently witnessed draw.

And your entry value is always protected: if a campaign does not reach its minimum, your full participation value converts to Home Credit you can use on any future campaign. Browse live campaigns, see how it works, or join the waitlist to be first when the next property goes live.

RaffleProp is a promotional competition open to Nigerian residents aged 18 and over. Participation requires passing a skill assessment. Play responsibly.