Property Prices in Nigeria

Index Info
Price to Income Ratio: 22.32
Mortgage as Percentage of Income: 403.94%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 3.83
Price to Rent Ratio - Outside of Centre: 3.72
Gross Rental Yield (City Centre): 26.14%
Gross Rental Yield (Outside of Centre): 26.85%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 371,394.17 ₦ 150,000.00-900,000.00
Apartment (1 bedroom) Outside of Centre 221,525.46 ₦ 90,000.00-500,000.00
Apartment (3 bedrooms) in City Centre 1,174,289.02 ₦ 350,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 531,513.08 ₦ 200,000.00-1,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 38,598.32 ₦ 11,999.90-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 19,225.61 ₦ 4,645.11-185,804.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 69,726.87 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.55 10.00-26.00

These data are based on 501 entries in the past 18 months from 99 different contributors.
Last update: August 2022
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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