Property Prices in Lagos, Nigeria

Index Info
Price to Income Ratio: 47.91
Mortgage as Percentage of Income: 814.21%
Loan Affordability Index: 0.12
Price to Rent Ratio - City Centre: 7.55
Price to Rent Ratio - Outside of Centre: 9.67
Gross Rental Yield (City Centre): 13.24%
Gross Rental Yield (Outside of Centre): 10.34%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 961.04 $ 259.58-1,952.34
Apartment (1 bedroom) Outside of Centre 496.48 $ 200.00-909.10
Apartment (3 bedrooms) in City Centre 2,276.31 $ 466.09-4,557.47
Apartment (3 bedrooms) Outside of Centre 1,383.46 $ 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) 162.57 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.33 9.00-22.00

These data are based on 119 entries in the past 18 months from 23 different contributors.
Last update: February 2025

Sources and References
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