Property Prices in Nigeria

Index Info
Price to Income Ratio: 15.75
Mortgage as Percentage of Income: 301.13%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 3.15
Price to Rent Ratio - Outside of Centre: 3.20
Gross Rental Yield (City Centre): 31.77%
Gross Rental Yield (Outside of Centre): 31.27%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 313,198.19 ₦ 120,000.00-1,000,000.00
Apartment (1 bedroom) Outside of Centre 198,752.12 ₦ 80,000.00-450,000.00
Apartment (3 bedrooms) in City Centre 1,059,754.02 ₦ 350,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 512,034.06 ₦ 240,000.00-1,000,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 27,892.19 ₦ 11,999.90-49,238.20
Price per Square Feet to Buy Apartment Outside of Centre 15,383.36 ₦ 6,503.16-46,451.13
Salaries And Financing
Average Monthly Net Salary (After Tax) 73,939.40 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.65 10.00-30.00

These data are based on 551 entries in the past 18 months from 113 different contributors.
Last update: July 2021
Our data for each country are based on all entries from all cities in that country.

Sources and References
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DeutschImmobilienpreise in Nigeria
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ItalianoPrezzi delle proprietà immobiliari in Nigeria
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