Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 22.33
Mortgage as Percentage of Income: 379.49%
Loan Affordability Index: 0.26
Price to Rent Ratio - City Centre: 5.73
Price to Rent Ratio - Outside of Centre: 2.07
Gross Rental Yield (City Centre): 17.44%
Gross Rental Yield (Outside of Centre): 48.27%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 954.00 $ 259.58-1,953.33
Apartment (1 bedroom) Outside of Centre 474.61 $ 136.52-911.49
Apartment (3 bedrooms) in City Centre 2,128.35 $ 645.16-4,557.47
Apartment (3 bedrooms) Outside of Centre 1,188.71 $ 301.08-3,253.91
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 122.85 $ 111.48-134.21
Price per Square Feet to Buy Apartment Outside of Centre 23.44 $ 11.09-46.45
Salaries And Financing
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Average Monthly Net Salary (After Tax) 176.30 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.33 9.00-22.00

These data are based on 142 entries in the past 18 months from 31 different contributors.
Last update: November 2024

Sources and References
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