Property Prices in Nigeria

Index Info
Price to Income Ratio: 25.59
Mortgage as Percentage of Income: 464.49%
Loan Affordability Index: 0.22
Price to Rent Ratio - City Centre: 4.79
Price to Rent Ratio - Outside of Centre: 4.35
Gross Rental Yield (City Centre): 20.86%
Gross Rental Yield (Outside of Centre): 23.00%
Rent Per Month
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Apartment (1 bedroom) in City Centre 856.49 $ 281.58-1,953.33
Apartment (1 bedroom) Outside of Centre 496.72 $ 151.42-1,085.19
Apartment (3 bedrooms) in City Centre 1,920.84 $ 650.91-5,703.21
Apartment (3 bedrooms) Outside of Centre 1,105.67 $ 435.01-3,250.27
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 92.45 $ 53.87-185.80
Price per Square Feet to Buy Apartment Outside of Centre 48.45 $ 11.09-104.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 148.16 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.60 9.00-22.50

These data are based on 283 entries in the past 18 months from 58 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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