Property Prices in Nigeria

Index Info
Price to Income Ratio: 14.42
Mortgage as Percentage of Income: 275.09%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 2.83
Price to Rent Ratio - Outside of Centre: 3.13
Gross Rental Yield (City Centre): 35.30%
Gross Rental Yield (Outside of Centre): 31.99%
Rent Per Month
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Apartment (1 bedroom) in City Centre 299,646.45 ₦ 120,000.00-950,000.00
Apartment (1 bedroom) Outside of Centre 195,808.67 ₦ 70,000.00-450,000.00
Apartment (3 bedrooms) in City Centre 1,016,954.00 ₦ 350,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 500,459.32 ₦ 200,000.00-1,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 24,064.28 ₦ 11,999.90-49,238.20
Price per Square Feet to Buy Apartment Outside of Centre 14,751.47 ₦ 6,503.16-46,451.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 72,431.24 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.60 12.00-26.00

These data are based on 507 entries in the past 18 months from 101 different contributors.
Last update: May 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
PortuguêsPreços de Imóveis na Nigéria
ItalianoPrezzi delle proprietà immobiliari in Nigeria
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