NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 10.64
Mortgage as Percentange of Income: 216.87%
Loan Affordability Index: 0.46
Price to Rent Ratio - City Centre: 9.29
Price to Rent Ratio - Outside of Centre: 5.68
Gross Rental Yield (City Centre): 10.76%
Gross Rental Yield (Outside of Centre): 17.60%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 163,333.33 ₦ 100,000.00-200,000.00
Apartment (1 bedroom) Outside of Centre 70,666.67 ₦ 30,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 413,200.00 ₦ 300,000.00-600,000.00
Apartment (3 bedrooms) Outside of Centre 194,000.00 ₦ 90,000.00-300,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 36,386.71 ₦ 30,967.39-41,806.02
Price per Square Feet to Buy Apartment Outside of Centre 10,064.38 ₦ 6,193.42-13,935.34
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 117,500.00 ₦
Mortgage Interest Rate in Percentages (%), Yearly 20.00 16.00-24.00

These data are based on 40 entries in the past 12 months from 8 different contributors.
Last update: February, 2017

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