Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 13.15
Mortgage as Percentage of Income: 242.24%
Loan Affordability Index: 0.41
Price to Rent Ratio - City Centre: 2.27
Price to Rent Ratio - Outside of Centre: 2.12
Gross Rental Yield (City Centre): 43.98%
Gross Rental Yield (Outside of Centre): 47.24%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 517,471.43 ₦ 200,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre 293,793.10 ₦ 200,000.00-500,000.00
Apartment (3 bedrooms) in City Centre 1,686,700.00 ₦ 600,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 703,245.59 ₦ 300,000.00-1,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 32,554.51 ₦ 23,225.57-49,238.20
Price per Square Feet to Buy Apartment Outside of Centre 14,477.27 ₦ 4,645.11-20,903.01
Salaries And Financing
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Average Monthly Net Salary (After Tax) 96,223.76 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.89 10.00-30.00

These data are based on 266 entries in the past 18 months from 54 different contributors.
Last update: September 2021

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.