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Property Prices in Nigeria

Index Info
Price to Income Ratio: 12.25
Mortgage as Percentange of Income: 254.29%
Loan Affordability Index: 0.39
Price to Rent Ratio - City Centre: 6.43
Price to Rent Ratio - Outside of Centre: 5.30
Gross Rental Yield (City Centre): 15.55%
Gross Rental Yield (Outside of Centre): 18.86%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 166,666.67 ₦ 75,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 71,933.33 ₦ 25,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 393,733.33 ₦ 250,000.00-600,000.00
Apartment (3 bedrooms) Outside of Centre 206,666.67 ₦ 120,000.00-350,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 24,773.92 ₦ 9,290.23-41,806.02
Price per Square Feet to Buy Apartment Outside of Centre 9,806.33 ₦ 6,193.42-13,935.34
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 75,981.25 ₦
Mortgage Interest Rate in Percentages (%), Yearly 20.40 18.00-22.00

These data are based on 86 entries in the past 12 months from 16 different contributors.
Last update: July 2017
Our data for each country are based on all entries from all cities in that country.

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Property Prices in this country for some cities: Lagos

We would like to gather more data for: Aba, Abakaliki, Abeokuta, Ado, Ado-ekiti, Afikpo, Akure, Akwa-Ibom, Bauchi, Benin, Calabar, ... Update information for Nigeria!