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Property Prices in Nigeria

Index Info
Price to Income Ratio: 18.47
Mortgage as Percentange of Income: 360.27%
Loan Affordability Index: 0.28
Price to Rent Ratio - City Centre: 5.38
Price to Rent Ratio - Outside of Centre: 4.49
Gross Rental Yield (City Centre): 18.59%
Gross Rental Yield (Outside of Centre): 22.28%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 278,472.22 ₦ 100,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 173,636.36 ₦ 50,000.00-350,000.00
Apartment (3 bedrooms) in City Centre 669,823.26 ₦ 250,000.00-1,500,000.00
Apartment (3 bedrooms) Outside of Centre 435,000.00 ₦ 150,000.00-972,484.12
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 34,967.39 ₦ 10,322.46-46,451.13
Price per Square Feet to Buy Apartment Outside of Centre 18,580.45 ₦ 3,716.09-27,870.68
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 78,035.71 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 19.07 15.00-22.00

These data are based on 185 entries in the past 18 months from 36 different contributors.
Last update: November 2018
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

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