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Property Prices in Nigeria

Index Info
Price to Income Ratio: 18.53
Mortgage as Percentange of Income: 386.49%
Loan Affordability Index: 0.26
Price to Rent Ratio - City Centre: 9.87
Price to Rent Ratio - Outside of Centre: 5.61
Gross Rental Yield (City Centre): 10.13%
Gross Rental Yield (Outside of Centre): 17.82%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 182,380.95 ₦ 70,000.00-350,000.00
Apartment (1 bedroom) Outside of Centre 96,274.55 ₦ 30,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 372,947.37 ₦ 200,000.00-600,000.00
Apartment (3 bedrooms) Outside of Centre 223,809.52 ₦ 100,000.00-400,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 38,709.26 ₦ 30,967.39-46,451.13
Price per Square Feet to Buy Apartment Outside of Centre 12,386.94 ₦ 6,193.42-18,580.45
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 74,205.56 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.50 18.00-22.00

These data are based on 114 entries in the past 12 months from 21 different contributors.
Last update: February 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

We would like to gather more data for: Aba, Abakaliki, Abeokuta, Ado, Ado-ekiti, Afikpo, Akure, Akwa-Ibom, Asaba, Bauchi, Benin, ... Update information for Nigeria!