Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 43.63
Mortgage as Percentage of Income: 741.45%
Loan Affordability Index: 0.13
Price to Rent Ratio - City Centre: 7.46
Price to Rent Ratio - Outside of Centre: 9.57
Gross Rental Yield (City Centre): 13.41%
Gross Rental Yield (Outside of Centre): 10.45%
Rent Per Month
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Apartment (1 bedroom) in City Centre 987.90 $ 259.58-1,956.17
Apartment (1 bedroom) Outside of Centre 526.87 $ 151.42-1,085.19
Apartment (3 bedrooms) in City Centre 2,274.97 $ 645.16-4,557.47
Apartment (3 bedrooms) Outside of Centre 1,342.83 $ 341.31-3,253.91
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 168.05 $ 134.21-176.51
Price per Square Feet to Buy Apartment Outside of Centre 121.35 $ 12.78-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 178.52 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.33 9.00-22.00

These data are based on 131 entries in the past 18 months from 26 different contributors.
Last update: December 2024

Sources and References
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