Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 14.73
Mortgage as Percentage of Income: 300.22%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 4.54
Price to Rent Ratio - Outside of Centre: 2.24
Gross Rental Yield (City Centre): 22.01%
Gross Rental Yield (Outside of Centre): 44.59%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 394,965.37 ₦ 100,000.00-900,000.00
Apartment (1 bedroom) Outside of Centre 251,002.38 ₦ 60,000.00-550,000.00
Apartment (3 bedrooms) in City Centre 799,562.21 ₦ 200,000.00-2,000,000.00
Apartment (3 bedrooms) Outside of Centre 604,312.20 ₦ 120,000.00-1,500,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 38,415.46 ₦ 18,580.45-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 13,141.95 ₦ 4,645.11-46,451.13
Salaries And Financing
Average Monthly Net Salary (After Tax) 94,209.95 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.00 10.00-30.00

These data are based on 217 entries in the past 18 months from 47 different contributors.
Last update: June 2023

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,

From there you can get as much information as possible.