Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 11.90
Mortgage as Percentage of Income: 214.98%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 1.71
Price to Rent Ratio - Outside of Centre: 1.52
Gross Rental Yield (City Centre): 58.64%
Gross Rental Yield (Outside of Centre): 65.86%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 643,276.86 ₦ 400,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre 304,762.00 ₦ 200,000.00-600,000.00
Apartment (3 bedrooms) in City Centre 2,149,836.27 ₦ 1,200,000.00-4,000,000.00
Apartment (3 bedrooms) Outside of Centre 969,565.22 ₦ 500,000.00-2,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 30,807.75 ₦ 18,580.45-55,741.36
Price per Square Feet to Buy Apartment Outside of Centre 12,619.22 ₦ 4,645.11-20,903.01
Salaries And Financing
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Average Monthly Net Salary (After Tax) 98,168.69 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.50 10.00-30.00

These data are based on 197 entries in the past 18 months from 38 different contributors.
Last update: September 2022

Sources and References
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1 Comments so far
Mario Leone on Jul 16, 2020:
Property Prices differ from Location to Location and depends on choice after all, to get a comprehensive information about properties in Nigeria or Lagos state, I will suggest reading this article from Propertify Nigeria, https://www.propertify.org/top-10-real-estate-listing-nigeria/

From there you can get as much information as possible.