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Average Property Prices in Nigeria – July 2025 (Week 2 Update)

Average Property Prices in Nigeria July 2025

Welcome to your weekly breakdown of average property prices across Nigeria. Whether you’re planning to buy a plot in Ogun or rent an apartment in Abuja, these numbers will help you navigate the market smarter.

Let’s dive into what Week 2 of July 2025 looks like:


📊 Nationwide Snapshot – Week 2

Property Type Avg Sale Price (₦) Avg Rent (₦/year)
Land (500sqm) ₦3.65M N/A
2-Bedroom Flat ₦21.8M ₦1.3M
3-Bedroom Flat ₦28.9M ₦1.8M
4-Bedroom Duplex ₦56.5M ₦2.6M

🌆 Top 5 Cities with the Highest House Prices

City 3-Bed Flat Avg 4-Bed Duplex Avg Notable Insight
Lagos ₦45M ₦82M VI and Lekki Phase 1 drive prices
Abuja ₦38M ₦74M Maitama, Wuse, Gwarinpa climbing
PH ₦30M ₦62M GRA 1–3 remains top choice
Enugu ₦26M ₦54M Independence Layout gaining interest
Ibadan ₦22M ₦46M Akobo, Oluyole drive suburban growth

🌍 Land Prices in Focus – Hot Spots

State/City Avg Land Price (500sqm) Trend
Lagos (Epe) ₦1.8M ▲ Rising
Ogun (Mowe) ₦1.25M ▲ Rising
Abuja (Lugbe) ₦4.5M — Steady
Uyo ₦1.2M ▲ Rising
Asaba ₦2.6M ▲ Rising

💬 My Take: What This Means for Buyers & Sellers

  • Epe & Mowe are still buyer-friendly, but prices may rise soon. Now is a good time to buy.
  • High-end markets like VI, Maitama, and GRA are stabilizing—great for luxury sellers, not ideal for budget buyers.
  • Secondary cities like Asaba and Uyo are showing serious growth. These could be future hotspots.

📌 Tips for Buyers This Week

  • Looking for ROI? Try flats under ₦25M in Ibadan or Enugu.
  • Want cheap land? Focus on Ogun or Epe, before Q3 price hikes.
  • Renting? Abuja rents remain high; Lagos mainland still has better deals.

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Written by neche

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