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Property Prices in Nigeria

Index Info
Price to Income Ratio: 20.00
Mortgage as Percentange of Income: 402.34%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 8.42
Price to Rent Ratio - Outside of Centre: 4.75
Gross Rental Yield (City Centre): 11.88%
Gross Rental Yield (Outside of Centre): 21.07%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 231,562.50 ₦ 100,000.00-450,000.00
Apartment (1 bedroom) Outside of Centre 131,034.48 ₦ 45,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 458,571.43 ₦ 200,000.00-850,000.00
Apartment (3 bedrooms) Outside of Centre 312,678.57 ₦ 120,000.00-500,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 41,289.89 ₦ 10,322.46-46,451.13
Price per Square Feet to Buy Apartment Outside of Centre 14,451.44 ₦ 3,716.09-27,870.68
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 75,000.00 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 19.71 15.00-22.00

These data are based on 160 entries in the past 18 months from 32 different contributors.
Last update: May 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, Arlington, Asaba, Bauchi, ... Update information for Nigeria!