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Property Prices in Lagos, Nigeria

Compare Lagos with:
Index Info
Price to Income Ratio: 13.72
Mortgage as Percentange of Income: 276.41%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 16.80
Price to Rent Ratio - Outside of Centre: 17.31
Gross Rental Yield (City Centre): 5.95%
Gross Rental Yield (Outside of Centre): 5.78%

Currency: Default Currency      Switch to imperial measurement units
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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 669.19 $
423.75
1,000.00
Apartment (1 bedroom) Outside of Centre 197.55 $
125.92
300.00
Apartment (3 bedrooms) in City Centre 1,801.38 $
1,245.72
2,222.00
Apartment (3 bedrooms) Outside of Centre 684.83 $
393.49
1,500.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 3,000.00 $
Price per Square Meter to Buy Apartment Outside of Centre 1,056.81 $
613.61
1,500.00
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 739.37 $
495.88
1,000.00
Mortgage Interest Rate in Percentages (%), Yearly 19.75
18.00
21.00

These data are based on 604 entries in the past 18 months from 69 different contributors.

Last update: April, 2014

country data (source CIA, 2013)
GDP Per Capita ($) : 2,800.00
GDP Growth Rate: 6.30%
Population Growth Rate: 2.54%

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