NUMBEO

Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 14.17
Mortgage as Percentange of Income: 299.59%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 8.90
Price to Rent Ratio - Outside of Centre: 4.91
Gross Rental Yield (City Centre): 11.24%
Gross Rental Yield (Outside of Centre): 20.35%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 180,000.00 ₦ 100,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 93,428.57 ₦ 30,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 411,000.00 ₦ 300,000.00-600,000.00
Apartment (3 bedrooms) Outside of Centre 198,571.43 ₦ 90,000.00-350,000.00
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 Net Salary (After Tax) 88,212.50 ₦
Mortgage Interest Rate in Percentages (%), Yearly 20.80 20.00-22.00

These data are based on 43 entries in the past 12 months from 8 different contributors.
Last update: May 2017

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