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Property Prices in Nigeria

Index Info
Price to Income Ratio: 19.93
Mortgage as Percentange of Income: 390.33%
Loan Affordability Index: 0.26
Price to Rent Ratio - City Centre: 4.93
Price to Rent Ratio - Outside of Centre: 4.40
Gross Rental Yield (City Centre): 20.30%
Gross Rental Yield (Outside of Centre): 22.72%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 273,888.89 ₦ 120,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 172,750.00 ₦ 60,000.00-350,000.00
Apartment (3 bedrooms) in City Centre 759,115.81 ₦ 250,000.00-1,666,666.00
Apartment (3 bedrooms) Outside of Centre 453,048.78 ₦ 200,000.00-1,000,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 33,986.75 ₦ 11,999.90-46,451.13
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) 70,965.52 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 19.14 15.00-22.00

These data are based on 218 entries in the past 18 months from 45 different contributors.
Last update: January 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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