The rent prices in real estate in Asaba, in the Delta region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Asaba has risen strongly during the last 6 months. In November, the average price per m² was ₦ 3,728.61. In December this price barely changed remaining at ₦ 3,728.61 per m². The price for the following two months in (January, February) had a considerable rise of 117 %. The price per m² has had a considerable rise of 170 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₦ 4,053.85 to ₦ 6,880.12 during March, and April.
When referring to the price in Asaba (cities & towns), this has risen in the last 6 months. In our first sample month during November, the average price is ₦ 948,893. In December This price remains at ₦ 948,893. During the following two months (January, February) the price has had an average rise from ₦ 948,893 to ₦ 1,022,455. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 71 % more affordable than the average price of ₦ 430,000 in Asaba. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 71 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 89 % more affordable than the average price of (₦ 980.95 / m²) in Asaba. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 89 % more affordable than the average value aforementioned.