The rent prices in real estate in Enugu, in the Enugu 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 Enugu has had a strong fall during the last 6 months. In October, the average price per m² was ₦ 5,509.19. In the following month the price per m² fell considerably to ₦ 2,676.98. The price for the following two months in (December, January) had a considerable fall of 65 with regard to the previous two months. The price per m² has had a considerable fall of 76 % 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 ₦ 3,385.03 to ₦ 2,587.5 during February, and March.
When referring to the price in Enugu (cities & towns), this has fallen considerably in the last 6 months. The average price for October is ₦ 1,714,295. During November the price had a considerable fall till ₦ 1,441,000. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₦ 1,509,323.75 to ₦ 841,073.5, which means a 56 % fall.