Property Prices in Nigeria

Index Info
Price to Income Ratio: 15.65
Mortgage as Percentange of Income: 287.36%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 5.10
Price to Rent Ratio - Outside of Centre: 4.26
Gross Rental Yield (City Centre): 19.59%
Gross Rental Yield (Outside of Centre): 23.45%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 212,792.95 ₦ 50,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 116,655.37 ₦ 25,000.00-289,856.00
Apartment (3 bedrooms) in City Centre 672,525.24 ₦ 125,000.00-2,000,000.00
Apartment (3 bedrooms) Outside of Centre 323,761.93 ₦ 60,000.00-1,000,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 29,502.01 ₦ 11,999.90-46,451.13
Price per Square Feet to Buy Apartment Outside of Centre 12,541.81 ₦ 4,180.60-18,580.45
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 72,275.00 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.82 10.00-21.00

These data are based on 304 entries in the past 18 months from 59 different contributors.
Last update: October 2019
Our data for each country are based on all entries from all cities in that country.

Sources and References: Info
No sources and references provided yet.
Add new source here:
This page in other languages:

DeutschImmobilienpreise in Nigeria
PortuguêsPreços de Imóveis na Nigéria
ItalianoPrezzi delle proprietà immobiliari in Nigeria
FrançaisPrix de l'immobilier au Nigéria
EspañolPrecios de Inmuebles en Nigeria

More about Nigeria: Cost of Living | Crime | Climate | Food Prices | Gas Prices | Health Care | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Property Prices in this country for some cities: Abuja, Lagos

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