NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 7.40
Mortgage as Percentange of Income: 148.56%
Loan Affordability Index: 0.67
Price to Rent Ratio - City Centre: 3.41
Price to Rent Ratio - Outside of Centre: 12.76
Gross Rental Yield (City Centre): 29.31%
Gross Rental Yield (Outside of Centre): 7.84%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 197,500.00 ₦ 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 14,083.33 ₦ 10,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 463,750.00 ₦ 210,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 173,333.33 ₦ 100,000.00-250,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 15,532.45 ₦ 4,180.60-27,870.68
Price per Square Feet to Buy Apartment Outside of Centre 13,209.90 ₦ 11,148.27-14,546.08
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 104,583.33 ₦
Mortgage Interest Rate in Percentages (%), Yearly 19.68 16.00-22.00

These data are based on 56 entries in the past 18 months from 12 different contributors.
Last update: September, 2016

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