Property Prices in Nigeria

Index Info
Price to Income Ratio: 17.02
Mortgage as Percentage of Income: 348.34%
Loan Affordability Index: 0.29
Price to Rent Ratio - City Centre: 3.87
Price to Rent Ratio - Outside of Centre: 2.74
Gross Rental Yield (City Centre): 25.82%
Gross Rental Yield (Outside of Centre): 36.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 857.86 $ 281.58-1,953.33
Apartment (1 bedroom) Outside of Centre 533.85 $ 176.35-1,148.95
Apartment (3 bedrooms) in City Centre 1,996.33 $ 645.16-5,739.64
Apartment (3 bedrooms) Outside of Centre 1,199.37 $ 390.55-3,253.91
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 76.21 $ 53.87-134.21
Price per Square Feet to Buy Apartment Outside of Centre 32.98 $ 11.10-100.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 172.62 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.08 10.00-22.50

These data are based on 311 entries in the past 18 months from 61 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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