Property Prices Comparison Between Nigeria and Ghana

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

City in Nigeria:
City in Ghana:

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

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Nigeria Edit	Ghana Edit	Difference
Apartment (1 bedroom) in City Centre	990.19 $	513.21 $	-48.2 %
Apartment (1 bedroom) Outside of Centre	600.15 $	160.12 $	-73.3 %
Apartment (3 bedrooms) in City Centre	2,318.54 $	1,063.15 $	-54.1 %
Apartment (3 bedrooms) Outside of Centre	1,332.31 $	401.89 $	-69.8 %
Buy Apartment Price	Nigeria Edit	Ghana Edit
Price per Square Feet to Buy Apartment in City Centre	139.30 $	433.54 $	+211.2 %
Price per Square Feet to Buy Apartment Outside of Centre	113.48 $	241.80 $	+113.1 %
Salaries And Financing	Nigeria Edit	Ghana Edit
Average Monthly Net Salary (After Tax)	129.98 $	200.60 $	+54.3 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	16.33	26.83	+64.3 %
Last update:	17 May 2025	21 May 2025
Contributors in the past 12 months:	48	23

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

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