Property Prices in Nigeria

Index Info
Price to Income Ratio: 16.97
Mortgage as Percentage of Income: 322.20%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 3.94
Price to Rent Ratio - Outside of Centre: 3.33
Gross Rental Yield (City Centre): 25.40%
Gross Rental Yield (Outside of Centre): 30.06%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 277,285.68 ₦ 100,000.00-750,000.00
Apartment (1 bedroom) Outside of Centre 193,303.57 ₦ 70,000.00-450,000.00
Apartment (3 bedrooms) in City Centre 824,731.16 ₦ 300,000.00-2,500,000.00
Apartment (3 bedrooms) Outside of Centre 479,482.76 ₦ 150,000.00-1,200,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 28,623.37 ₦ 13,935.34-49,238.20
Price per Square Feet to Buy Apartment Outside of Centre 15,251.46 ₦ 9,290.23-20,903.01
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 69,560.00 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.50 13.00-26.00

These data are based on 485 entries in the past 18 months from 95 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.

Sources and References
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DeutschImmobilienpreise in Nigeria
PortuguêsPreços de Imóveis na Nigéria
ItalianoPrezzi delle proprietà immobiliari in Nigeria
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