Average Property Prices in Nigeria – Week 4, July 2025 (By City & Property Type)
🧭 Why This Report Matters
Whether you’re a buyer, seller, agent, or investor, understanding Nigeria’s weekly price trends helps you stay ahead. This week’s data highlights where prices are rising, falling, or holding steady.
We break it down by city and property type — for both sale and rent.
📊 Average Property Prices by City (Week 4 – July 2025)
➤ Sale Prices (₦)
| City | 1-Bed Flat | 3-Bed Flat | 4-Bed Duplex | Land (per 500 sqm) |
|---|---|---|---|---|
| Lagos | ₦29.5M | ₦67.2M | ₦134M | ₦18M |
| Abuja | ₦25.1M | ₦56.5M | ₦112M | ₦14.5M |
| Port Harcourt | ₦18.7M | ₦42.8M | ₦92M | ₦9.2M |
| Ibadan | ₦9.4M | ₦23.5M | ₦52M | ₦3.8M |
| Enugu | ₦10.8M | ₦26.2M | ₦58M | ₦4.3M |
| Benin City | ₦11.5M | ₦24.4M | ₦51M | ₦3.5M |
➤ Rent Prices (₦/Year)
| City | 1-Bed Flat | 2-Bed Flat | 3-Bed Flat | 4-Bed Duplex |
|---|---|---|---|---|
| Lagos | ₦1.5M | ₦2.2M | ₦3.1M | ₦4.8M |
| Abuja | ₦1.3M | ₦2.0M | ₦2.9M | ₦4.3M |
| Port Harcourt | ₦850K | ₦1.4M | ₦2.2M | ₦3.1M |
| Ibadan | ₦550K | ₦800K | ₦1.2M | ₦2M |
| Enugu | ₦600K | ₦900K | ₦1.4M | ₦2.3M |
| Benin City | ₦500K | ₦800K | ₦1.3M | ₦2.1M |
🔎 Market Trends This Week
-
Lagos & Abuja: High demand for 1- & 2-bed flats in central districts continues to push rents higher.
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Ibadan & Enugu: Stable price points are attracting budget-conscious buyers and retirees.
-
PHC & Benin: Slight uptick in land interest near new road corridors and proposed industrial zones.
🏡 What This Means for You
💼 For Investors:
Focus on Ibadan, Enugu, and PHC — low acquisition cost, rising rental yield.
🔍 For Renters:
Consider Benin or Port Harcourt for more affordable 2-bed options under ₦1.5M/year.
🏗️ For Developers:
Land prices in Lugbe (Abuja) and Epe (Lagos) are still attractive for buy-build-sell models.
🧮 Quick ROI Math
If you buy a ₦25M 3-bed flat in Abuja and rent it out at ₦2.9M/year:
Rental Yield = 11.6% — better than most Treasury Bills.
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