Abuja, Nigeria
Property prices · 2024 · Africa
Property price trend in Abuja (2024–2026)
Property comparison — cities in Nigeria (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Abuja |
|---|---|---|---|---|
| Abuja | NGN 650,000 | NGN 430,000 | NGN 180,000 | — |
| Lagos | NGN 850,000 | NGN 520,000 | NGN 250,000 | +30.8% |
| Port Harcourt | NGN 420,000 | NGN 275,000 | NGN 120,000 | -35.4% |
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Abuja in 2024?
In Abuja, the average price per sqm in the city centre is NGN 650,000, and NGN 430,000 outside the centre (2024 data). Prices have risen 65% since 2024.
How much is rent in Abuja in 2024?
A 1-bedroom apartment in Abuja rents for approximately NGN 180,000 per month in 2024. A 3-bedroom apartment costs around NGN 290,000/month.
Is it better to buy or rent in Abuja?
Buying and renting are roughly comparable in Abuja. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 22.50%.
What are mortgage rates in Nigeria in 2024?
The average mortgage rate in Nigeria is approximately 22.50% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Abuja?
The average property price per square metre in Abuja city centre is NGN 650,000 in 2024. Outside the centre, expect to pay around NGN 430,000/sqm.