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Abdulazeez Abubakar
4 weeks ago
Overview
Why It Matters
Knowing the price index helps buyers, investors, and developers track market movements. Whether you’re flipping homes, buying land, or building estates — this data is your compass.
This week, we break down average prices for:
Houses (sales & rent)
Land (urban & suburban plots)
across Nigeria’s top cities.
🏘️ House Prices – Week 5 Snapshot
City Avg. Sale Price (₦) Avg. Rent (₦/yr) Trend
Lagos (Lekki) ₦127,000,000 ₦4,800,000 🔼 2.5%
Abuja (Maitama) ₦210,000,000 ₦7,200,000 ➖ 0.0%
Port Harcourt ₦85,000,000 ₦2,900,000 🔽 -1%
Ibadan ₦38,000,000 ₦1,200,000 🔼 1.2%
Benin City ₦41,000,000 ₦950,000 🔼 1.5%
Enugu ₦46,000,000 ₦1,050,000 🔼 0.8%
🌍 Land Prices – Week 5 Snapshot
City Avg. Price per Plot (₦) Trend
Lagos (Ibeju) ₦8,700,000 🔼 2.1%
Abuja (Lugbe) ₦13,000,000 🔼 1.8%
Uyo ₦4,300,000 ➖ 0.0%
Asaba ₦3,800,000 🔽 -0.5%
Abeokuta ₦2,950,000 🔼 1.3%
Ilorin ₦2,600,000 🔼 1.7%
My Take
Lagos and Abuja remain strong, but I’m particularly watching Ibadan and Abeokuta. Affordable pricing, rapid development, and rising migration are fueling consistent growth.
Tip: Now may be the best time to acquire land in Ilorin or Uyo — prices are stable but expected to rise by Q3.
Internal Links
Last Week’s Property Index
Top 10 Places to Buy Land Under ₦5M
Why Ibadan Is the New Investment Haven
External (DoFollow) Links
Nigeria Property Centre Price Index
BusinessDay Nigeria Real Estate Reports
https://nigeriarealestateblog.com/nigeria-property-price-index-july-2025-week-5/
