The rent prices in real estate in Benin, in the Edo region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Benin has had a strong fall during the last 6 months. In September, the average price per m² was ₦ 847.7. In October this price barely changed remaining at ₦ 847.7 per m². In the following two months the price per m² has practically remained the same, going from ₦ 847.7 to ₦ 847.7 per m². The price per m² has had a considerable fall of 49 % 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 ₦ 847.7 to ₦ 412.98 during January, and February.
When referring to the price in Benin (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is ₦ 578,125. In October This price remains at ₦ 578,125. In the following two months the average price has hardly changed with regard to the previous two months from ₦ 578,125 to ₦ 578,125. During the last two months the average price has fallen greatly compared to the previous four going from ₦ 578,125 to ₦ 283,928.5, which means a 49 % fall.