NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 5.86
Mortgage as Percentange of Income: 111.48%
Loan Affordability Index: 0.90
Price to Rent Ratio - City Centre: 2.79
Price to Rent Ratio - Outside of Centre: 11.04
Gross Rental Yield (City Centre): 35.86%
Gross Rental Yield (Outside of Centre): 9.06%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 226,357.67 ₦ 99,485.00-350,000.00
Apartment (1 bedroom) Outside of Centre 18,400.00 ₦ 12,000.00-40,000.00
Apartment (3 bedrooms) in City Centre 475,980.00 ₦ 210,000.00-795,880.00
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 13,764.55 ₦ 4,180.60-27,870.68
Price per Square Feet to Buy Apartment Outside of Centre 11,588.86 ₦ 9,242.38-13,935.34
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 116,444.44 ₦ 70,000.00-200,000.00
Mortgage Interest Rate in Percentages (%), Yearly 18.55 15.00-20.00

These data are based on 44 entries in the past 18 months from 9 different contributors.
Last update: May, 2016

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