Property Prices in Nigeria

Index Info
Price to Income Ratio: 22.38
Mortgage as Percentage of Income: 465.19%
Loan Affordability Index: 0.21
Price to Rent Ratio - City Centre: 5.03
Price to Rent Ratio - Outside of Centre: 3.41
Gross Rental Yield (City Centre): 19.90%
Gross Rental Yield (Outside of Centre): 29.35%
Rent Per Month
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Apartment (1 bedroom) in City Centre 846.82 $ 285.16-1,953.33
Apartment (1 bedroom) Outside of Centre 533.49 $ 176.35-1,085.19
Apartment (3 bedrooms) in City Centre 1,967.99 $ 602.21-5,739.64
Apartment (3 bedrooms) Outside of Centre 1,188.18 $ 390.55-3,253.91
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 97.56 $ 53.87-134.21
Price per Square Feet to Buy Apartment Outside of Centre 40.78 $ 11.10-104.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 166.37 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.43 10.00-22.50

These data are based on 321 entries in the past 18 months from 63 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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