Property Prices Comparison Between Ghana and Nigeria

For major cities in those countries you get more relevant data by specifying cities.

City in Ghana:
City in Nigeria:

Index	Ghana	Nigeria
Price to Income Ratio:	80.39	50.02
Mortgage as Percentage of Income:	2,050.14%	907.87%
Loan Affordability Index:	0.05	0.11
Price to Rent Ratio - City Centre:	34.92	6.67
Price to Rent Ratio - Outside of Centre:	64.28	8.09
Gross Rental Yield (City Centre):	2.86%	14.99%
Gross Rental Yield (Outside of Centre):	1.56%	12.37%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Ghana Edit	Nigeria Edit	Difference
Apartment (1 bedroom) in City Centre	502.16 $	883.50 $	+75.9 %
Apartment (1 bedroom) Outside of Centre	141.44 $	553.35 $	+291.2 %
Apartment (3 bedrooms) in City Centre	1,003.37 $	2,178.43 $	+117.1 %
Apartment (3 bedrooms) Outside of Centre	401.89 $	1,279.07 $	+218.3 %
Buy Apartment Price	Ghana Edit	Nigeria Edit
Price per Square Feet to Buy Apartment in City Centre	372.99 $	139.30 $	-62.7 %
Price per Square Feet to Buy Apartment Outside of Centre	232.26 $	102.29 $	-56.0 %
Salaries And Financing	Ghana Edit	Nigeria Edit
Average Monthly Net Salary (After Tax)	202.61 $	129.98 $	-35.8 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	25.33	17.60	-30.5 %
Last update:	March 2025	March 2025
Contributors in the past 12 months:	22	49

Country data (source The World Bank, 2024)	Ghana	Nigeria
GDP Per Capita (PPP) ($) :	5,500.00	5,000.00
GDP Growth Rate:	3.08	3.25
Population Growth Rate:	2.19	2.53

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Other comparisons Ghana vs Nigeria:

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