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average property prices in Nigeria August 2025

Average Property Prices in Nigeria – August 2025 (Week 1 Update)

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


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.


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