Average Property Prices in Nigeria – July 2025 Update: My Take
Property prices in Nigeria are shifting fast.
Whether you’re buying to build, flip, or rent, you need to know this month’s average property prices in Nigeria. This report breaks down land, flats, and duplex prices in major cities and uncovers where the market is moving.
📌 Table of Contents
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National Average Property Prices – July 2025
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Top 5 Most Expensive Cities
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Top 5 Cheapest Cities
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My Take on the Numbers
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Investment Advice for This Month
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Tools for Price Tracking
1. 🏡 National Average Property Prices (July 2025)
Property Type | National Average Price |
---|---|
Land (500sqm) | ₦3.7 million |
3-Bedroom Flat | ₦28.5 million |
4-Bedroom Duplex | ₦57 million |
2-Bedroom Rental | ₦1.3 million/year |
2. 💸 Top 5 Most Expensive Cities (Buying)
City | 3-Bed Flat | 500sqm Land | 4-Bed Duplex |
---|---|---|---|
Lagos | ₦46M | ₦8.7M | ₦95M |
Abuja | ₦42M | ₦7.9M | ₦87M |
Port Harcourt | ₦39M | ₦6.5M | ₦75M |
Asaba | ₦33M | ₦4.4M | ₦55M |
Enugu | ₦30M | ₦4.1M | ₦48M |
3. 💰 Top 5 Cheapest Cities (Buying)
City | 3-Bed Flat | 500sqm Land | 4-Bed Duplex |
---|---|---|---|
Makurdi | ₦15M | ₦1.2M | ₦30M |
Akure | ₦16.8M | ₦1.4M | ₦33M |
Zaria | ₦17.2M | ₦1.6M | ₦35M |
Abeokuta | ₦19M | ₦2.3M | ₦37M |
Calabar | ₦20M | ₦2.4M | ₦38.5M |
4. 🧠 My Take on the Numbers
Despite inflation and forex shocks, land remains undervalued outside Lagos and Abuja. Lagos prices continue to climb — but cities like Abeokuta, Calabar, and Makurdi are offering 50–65% lower entry points with room for growth.
Example:
Uche bought land in Akure for ₦1.6M in 2022 — now reselling at ₦3.5M.
ROI? Over 100% in under 3 years.
5. 💼 Smart Investor Advice for July 2025
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Flip in Asaba or PH: Properties below ₦40M are moving fast
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Buy and build in Akure or Abeokuta: Land is cheap, demand rising
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BRR in Zaria or Enugu: Student rentals = high ROI
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Landbank in Makurdi or Uyo: ₦1M–₦2M can go far
🧠 Tip: Always verify land titles and check area zoning before building.
6. 🔧 Tools to Track Property Prices
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Google Alerts for “property prices in Nigeria”
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