Property Prices Comparison Between Ghana and Nigeria

For major cities in those countries you get more relevant data by specifying cities.

City in Ghana:
City in Nigeria:

Index	Ghana	Nigeria
Price to Income Ratio:	90.60	52.33
Mortgage as Percentage of Income:	2,442.71%	889.46%
Loan Affordability Index:	0.04	0.11
Price to Rent Ratio - City Centre:	39.03	6.11
Price to Rent Ratio - Outside of Centre:	63.27	8.44
Gross Rental Yield (City Centre):	2.56%	16.36%
Gross Rental Yield (Outside of Centre):	1.58%	11.85%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Ghana Edit	Nigeria Edit	Difference
Apartment (1 bedroom) in City Centre	513.21 $	990.19 $	+92.9 %
Apartment (1 bedroom) Outside of Centre	160.12 $	600.15 $	+274.8 %
Apartment (3 bedrooms) in City Centre	1,063.15 $	2,318.54 $	+118.1 %
Apartment (3 bedrooms) Outside of Centre	401.89 $	1,332.31 $	+231.5 %
Buy Apartment Price	Ghana Edit	Nigeria Edit
Price per Square Feet to Buy Apartment in City Centre	433.54 $	139.30 $	-67.9 %
Price per Square Feet to Buy Apartment Outside of Centre	241.80 $	113.48 $	-53.1 %
Salaries And Financing	Ghana Edit	Nigeria Edit
Average Monthly Net Salary (After Tax)	200.60 $	129.98 $	-35.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	26.83	16.33	-39.1 %
Last update:	21 May 2025	17 May 2025
Contributors in the past 12 months:	23	48

Country data (source The World Bank, 2024)	Ghana	Nigeria
GDP Per Capita (PPP) ($) :	6,800.00	5,600.00
GDP Growth Rate:	2.94	2.86
Population Growth Rate:	2.15	2.52

Moving to Ghana? Explore:

Moving to Nigeria? Explore:

Other comparisons Ghana vs Nigeria:

About Numbeo in the News Newsletter API

Copyright © 2009-2025 Numbeo. Your use of this service is subject to our Terms of Use and Privacy Policy