Property Prices in Nigeria

Index Info
Price to Income Ratio: 15.35
Mortgage as Percentange of Income: 293.08%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 4.08
Price to Rent Ratio - Outside of Centre: 2.68
Gross Rental Yield (City Centre): 24.51%
Gross Rental Yield (Outside of Centre): 37.33%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 266,111.11 ₦ 120,000.00-600,000.00
Apartment (1 bedroom) Outside of Centre 163,536.59 ₦ 55,000.00-350,000.00
Apartment (3 bedrooms) in City Centre 852,680.89 ₦ 250,000.00-2,000,000.00
Apartment (3 bedrooms) Outside of Centre 487,135.09 ₦ 200,000.00-1,000,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 29,728.73 ₦ 11,999.90-46,451.13
Price per Square Feet to Buy Apartment Outside of Centre 11,496.66 ₦ 4,180.60-18,580.45
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 72,294.12 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.62 15.00-21.00

These data are based on 234 entries in the past 18 months from 45 different contributors.
Last update: March 2019
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: Abuja, Lagos

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