NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 5.58
Mortgage as Percentange of Income: 106.20%
Loan Affordability Index: 0.94
Price to Rent Ratio - City Centre: 3.14
Price to Rent Ratio - Outside of Centre: 12.81
Gross Rental Yield (City Centre): 31.89%
Gross Rental Yield (Outside of Centre): 7.81%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 206,460.83 ₦ 80,000.00-258,765.00
Apartment (1 bedroom) Outside of Centre 13,000.00 ₦ 12,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 412,000.00 ₦ 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 13,765.79 ₦ 4,180.60-27,870.68
Price per Square Feet to Buy Apartment Outside of Centre 11,590.72 ₦ 9,246.10-13,935.34
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 122,250.00 ₦ 70,000.00-200,000.00
Mortgage Interest Rate in Percentages (%), Yearly 18.55 15.00-20.00

These data are based on 40 entries in the past 18 months from 8 different contributors.
Last update: May, 2016

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