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Property Prices in Nigeria

Index Info
Price to Income Ratio: 14.53
Mortgage as Percentange of Income: 306.08%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 7.86
Price to Rent Ratio - Outside of Centre: 3.22
Gross Rental Yield (City Centre): 12.72%
Gross Rental Yield (Outside of Centre): 31.09%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 187,142.86 ₦ 90,000.00-300,000.00
Apartment (1 bedroom) Outside of Centre 83,321.37 ₦ 30,000.00-180,000.00
Apartment (3 bedrooms) in City Centre 365,733.33 ₦ 200,000.00-520,000.00
Apartment (3 bedrooms) Outside of Centre 196,666.67 ₦ 80,000.00-350,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 30,967.39 ₦
Price per Square Feet to Buy Apartment Outside of Centre 6,193.42 ₦
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 68,808.33 ₦
Mortgage Interest Rate in Percentages (%), Yearly, Fixed-Rate 20.71 18.00-22.00

These data are based on 82 entries in the past 12 months from 17 different contributors.
Last update: November 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!