Property Prices in Nigeria

Index
Price to Income Ratio:	22.32
Mortgage as Percentage of Income:	403.94%
Loan Affordability Index:	0.25
Price to Rent Ratio - City Centre:	3.83
Price to Rent Ratio - Outside of Centre:	3.72
Gross Rental Yield (City Centre):	26.14%
Gross Rental Yield (Outside of Centre):	26.85%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	371,394.17 ₦	150,000.00-900,000.00
Apartment (1 bedroom) Outside of Centre	221,525.46 ₦	90,000.00-500,000.00
Apartment (3 bedrooms) in City Centre	1,174,289.02 ₦	350,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre	531,513.08 ₦	200,000.00-1,500,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	38,598.32 ₦	11,999.90-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre	19,225.61 ₦	4,645.11-185,804.53
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	69,726.87 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	17.55	10.00-26.00

These data are based on 501 entries in the past 18 months from 99 different contributors.
Last update: August 2022
Our data for each country are based on all entries from all cities in that country.

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