Property Prices in Nigeria

Index
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	Edit
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	Edit
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.

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