Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 18.41
Mortgage as Percentage of Income: 375.21%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 5.74
Price to Rent Ratio - Outside of Centre: 1.85
Gross Rental Yield (City Centre): 17.43%
Gross Rental Yield (Outside of Centre): 54.14%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 924.32 $ 259.58-1,953.33
Apartment (1 bedroom) Outside of Centre 518.05 $ 151.42-1,085.19
Apartment (3 bedrooms) in City Centre 2,190.95 $ 573.96-5,703.21
Apartment (3 bedrooms) Outside of Centre 1,364.96 $ 301.08-3,314.92
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 122.85 $ 111.48-134.21
Price per Square Feet to Buy Apartment Outside of Centre 23.44 $ 11.10-46.45
Salaries And Financing
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Average Monthly Net Salary (After Tax) 213.89 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.00 9.00-22.00

These data are based on 176 entries in the past 18 months from 36 different contributors.
Last update: May 2024

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.