NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 6.75
Mortgage as Percentange of Income: 131.92%
Loan Affordability Index: 0.76
Price to Rent Ratio - City Centre: 3.27
Price to Rent Ratio - Outside of Centre: 13.22
Gross Rental Yield (City Centre): 30.55%
Gross Rental Yield (Outside of Centre): 7.56%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 208,333.33 ₦ 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 480,000.00 ₦ 210,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 166,666.67 ₦ 80,000.00-250,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 15,563.92 ₦ 4,180.60-27,870.68
Price per Square Feet to Buy Apartment Outside of Centre 13,241.36 ₦ 11,148.27-14,640.47
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 114,846.15 ₦
Mortgage Interest Rate in Percentages (%), Yearly 19.10 16.00-21.00

These data are based on 52 entries in the past 18 months from 13 different contributors.
Last update: August, 2016

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