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Property Prices in Lagos, Nigeria

Compare Lagos with:
Index Info
Price to Income Ratio: 11.26
Mortgage as Percentange of Income: 218.98%
Loan Affordability Index: 0.46
Price to Rent Ratio - City Centre: 16.79
Price to Rent Ratio - Outside of Centre: 11.59
Gross Rental Yield (City Centre): 5.96%
Gross Rental Yield (Outside of Centre): 8.63%

Currency: Default Currency      Switch to imperial measurement units
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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 106,723.22 ₦
70,000.00
162,100.00
Apartment (1 bedroom) Outside of Centre 23,577.87 ₦
18,000.00
33,333.00
Apartment (3 bedrooms) in City Centre 296,141.00 ₦
200,000.00
405,250.00
Apartment (3 bedrooms) Outside of Centre 100,025.00 ₦
50,000.00
243,150.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 486,300.00 ₦
Price per Square Meter to Buy Apartment Outside of Centre 96,000.00 ₦
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 129,290.53 ₦
100,000.00
162,100.00
Mortgage Interest Rate in Percentages (%), Yearly 19.00
15.00
21.00

These data are based on 517 entries in the past 18 months from 71 different contributors.

Last update: August, 2014

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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