Property Prices in Nigeria

Index
Price to Income Ratio:	16.97
Mortgage as Percentage of Income:	322.20%
Loan Affordability Index:	0.31
Price to Rent Ratio - City Centre:	3.94
Price to Rent Ratio - Outside of Centre:	3.33
Gross Rental Yield (City Centre):	25.40%
Gross Rental Yield (Outside of Centre):	30.06%

Rent Per Month	[ Edit ]	Range
Apartment (1 bedroom) in City Centre	277,285.68 ₦	100,000.00-750,000.00
Apartment (1 bedroom) Outside of Centre	193,303.57 ₦	70,000.00-450,000.00
Apartment (3 bedrooms) in City Centre	824,731.16 ₦	300,000.00-2,500,000.00
Apartment (3 bedrooms) Outside of Centre	479,482.76 ₦	150,000.00-1,200,000.00
Buy Apartment Price	[ Edit ]
Price per Square Feet to Buy Apartment in City Centre	28,623.37 ₦	13,935.34-49,238.20
Price per Square Feet to Buy Apartment Outside of Centre	15,251.46 ₦	9,290.23-20,903.01
Salaries And Financing	[ Edit ]
Average Monthly Net Salary (After Tax)	69,560.00 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	18.50	13.00-26.00

These data are based on 485 entries in the past 18 months from 95 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.

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