NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 6.95
Mortgage as Percentange of Income: 135.79%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 3.30
Price to Rent Ratio - Outside of Centre: 14.11
Gross Rental Yield (City Centre): 30.30%
Gross Rental Yield (Outside of Centre): 7.09%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 220,000.00 ₦ 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 13,857.14 ₦ 10,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 426,666.67 ₦ 210,000.00-750,000.00
Apartment (3 bedrooms) Outside of Centre 150,000.00 ₦ 80,000.00-250,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 15,228.23 ₦ 4,180.60-27,870.68
Price per Square Feet to Buy Apartment Outside of Centre 12,905.67 ₦ 11,148.27-13,935.34
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 108,909.09 ₦
Mortgage Interest Rate in Percentages (%), Yearly 19.09 15.00-24.00

These data are based on 49 entries in the past 18 months from 11 different contributors.
Last update: July, 2016

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