Average Property Prices in Nigeria – August 2025 (Week 1 Update)
Here’s this week’s update on property prices across major Nigerian cities.
We’ve tracked current asking prices from verified listings in Lagos, Abuja, Port Harcourt, Ibadan, and Enugu.
🏠 House Prices
| Location | Avg. Price (₦) | Property Type |
|---|---|---|
| Lekki Phase 1 | 152,000,000 | 4-bed detached |
| Ajah | 95,000,000 | 4-bed duplex |
| Ikeja GRA | 135,000,000 | 5-bed detached |
| Abuja (Wuse 2) | 180,000,000 | 5-bed detached |
| Port Harcourt | 68,000,000 | 4-bed duplex |
| Ibadan (Oluyole) | 42,000,000 | 4-bed bungalow |
| Enugu (Independence Layout) | 60,000,000 | 4-bed duplex |
🧱 Land Prices (Per Square Metre)
| Location | Avg. Price (₦/sqm) |
|---|---|
| Lekki (Ibeju) | 42,000 |
| Epe | 17,000 |
| Ikorodu | 25,000 |
| Abuja (Kuje) | 38,000 |
| Port Harcourt | 32,000 |
| Ibadan | 18,000 |
| Enugu | 22,000 |
Key Insights
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Lekki remains the highest demand zone, especially around Chevron and Orchid.
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Epe’s land value jumped by 8% this week due to title-backed estate launches.
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Wuse 2 in Abuja still leads the capital for premium housing.
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Port Harcourt house prices are stable, but land prices dropped 3% compared to July.
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Enugu’s layout zones are getting popular with diaspora buyers returning home.
My Take
Most buyers in August are choosing land in fringe locations like Epe, Ikorodu, and Kuje. House demand in core Lagos is slowing due to high mortgage rates. If you’re investing, look at Epe or Kuje for long-term land value.
