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Property Prices in Lagos, Nigeria

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Index Info
Price to Income Ratio: 2.94
Mortgage as Percentange of Income: 59.90%
Loan Affordability Index: 1.67
Price to Rent Ratio - City Centre: 1.27
Price to Rent Ratio - Outside of Centre: 7.83
Gross Rental Yield (City Centre): 78.47%
Gross Rental Yield (Outside of Centre): 12.77%

Currency: Sticky Currency      Switch to metric measurement units
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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 227,775.00 ₦
99,500.00
398,000.00
Apartment (1 bedroom) Outside of Centre 31,508.25 ₦
13,000.00
59,700.00
Apartment (3 bedrooms) in City Centre 538,350.00 ₦
300,000.00
796,000.00
Apartment (3 bedrooms) Outside of Centre 163,583.33 ₦
50,000.00
398,000.00
Buy Apartment Price [Edit] Avg.
Price per Square Feet to Buy Apartment in City Centre 6,712.19 ₦
4,180.60
9,243.78
Price per Square Feet to Buy Apartment Outside of Centre 9,243.78 ₦
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 145,890.50 ₦
97,500.00
199,000.00
Mortgage Interest Rate in Percentages (%), Yearly 19.97
19.00
21.00

These data are based on 475 entries in the past 18 months from 77 different contributors.

Last update: June, 2015

country data (source CIA, 2013)
GDP Per Capita ($) : 2,800.00
GDP Growth Rate: 6.20%
Population Growth Rate: 2.47%
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