Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 47.47
Mortgage as Percentage of Income: 806.72%
Loan Affordability Index: 0.12
Price to Rent Ratio - City Centre: 7.46
Price to Rent Ratio - Outside of Centre: 9.88
Gross Rental Yield (City Centre): 13.40%
Gross Rental Yield (Outside of Centre): 10.12%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 980.69 $ 259.58-1,953.33
Apartment (1 bedroom) Outside of Centre 500.99 $ 151.42-911.49
Apartment (3 bedrooms) in City Centre 2,287.86 $ 645.16-4,557.47
Apartment (3 bedrooms) Outside of Centre 1,321.40 $ 341.31-3,253.91
Buy Apartment Price
Edit
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) 164.08 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.33 9.00-22.00

These data are based on 130 entries in the past 18 months from 25 different contributors.
Last update: January 2025

Sources and References
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