Average Property Prices in Nigeria (August 2025 Update): Where It’s Rising and Falling

Nigeria’s real estate market is adjusting as new policies, inflation, and infrastructure projects reshape prices across cities. This update gives you average sale and rental prices for major cities based on market activity up to August 2025.

🏠 Lagos

• 3-Bedroom Apartment (Sale): ₦45 million

• 2-Bedroom Apartment (Rent): ₦1.6 million/year

• Trend: Prices in Lekki Phase 1 and Ikoyi remain stable. Surulere and Ogba have seen 5% rental increases.

🏢 Abuja

• 3-Bedroom Apartment (Sale): ₦38 million

• 2-Bedroom Apartment (Rent): ₦1.2 million/year

• Trend: Gwarinpa and Lokogoma are experiencing higher demand, pushing prices up by 3%.

🌆 Port Harcourt

• 3-Bedroom Apartment (Sale): ₦28 million

• 2-Bedroom Apartment (Rent): ₦950,000/year

• Trend: Prices remain flat. Slow uptake in the luxury segment.

🏘 Ibadan

• 3-Bedroom Apartment (Sale): ₦19 million

• 2-Bedroom Apartment (Rent): ₦480,000/year

• Trend: New road developments in Akobo are boosting values by 7%.

📊 Market Summary