Property Prices in Nigeria

Index Info
Price to Income Ratio: 45.66
Mortgage as Percentage of Income: 828.70%
Loan Affordability Index: 0.12
Price to Rent Ratio - City Centre: 7.08
Price to Rent Ratio - Outside of Centre: 8.68
Gross Rental Yield (City Centre): 14.13%
Gross Rental Yield (Outside of Centre): 11.53%
Rent Per Month
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Apartment (1 bedroom) in City Centre 867.38 $ 281.58-1,953.33
Apartment (1 bedroom) Outside of Centre 533.47 $ 176.35-1,085.19
Apartment (3 bedrooms) in City Centre 1,976.91 $ 650.91-5,408.22
Apartment (3 bedrooms) Outside of Centre 1,153.16 $ 436.40-3,250.27
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 139.30 $ 62.67-176.51
Price per Square Feet to Buy Apartment Outside of Centre 102.29 $ 12.78-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 142.40 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.60 9.00-22.50

These data are based on 266 entries in the past 18 months from 51 different contributors.
Last update: December 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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