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Property Prices in Nigeria

Index Info
Price to Income Ratio: 11.34
Mortgage as Percentange of Income: 236.46%
Loan Affordability Index: 0.42
Price to Rent Ratio - City Centre: 7.03
Price to Rent Ratio - Outside of Centre: 5.68
Gross Rental Yield (City Centre): 14.23%
Gross Rental Yield (Outside of Centre): 17.60%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 143,750.00 ₦ 60,000.00-200,000.00
Apartment (1 bedroom) Outside of Centre 59,000.00 ₦ 30,000.00-100,000.00
Apartment (3 bedrooms) in City Centre 379,666.67 ₦ 250,000.00-600,000.00
Apartment (3 bedrooms) Outside of Centre 210,833.33 ₦ 120,000.00-300,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 24,773.92 ₦ 9,290.23-41,806.02
Price per Square Feet to Buy Apartment Outside of Centre 9,806.33 ₦ 6,193.42-13,935.34
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 82,083.33 ₦
Mortgage Interest Rate in Percentages (%), Yearly 20.50 18.00-22.00

These data are based on 68 entries in the past 12 months from 12 different contributors.
Last update: March, 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!