Property Prices in Nigeria

Index
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	Edit	Range
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	Edit
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	Edit
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.

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