The rent prices in real estate in Ogba Egbema Ndoni, in the Rivers 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 Ogba Egbema Ndoni has had a strong fall during the last 6 months. In November, the average price per m² was ₦ 3,523.49. In December this price barely changed remaining at ₦ 3,523.49 per m². The price for the following two months in (January, February) had a considerable fall of 50 with regard to the previous two months. The price per m² has had a considerable fall of 79 % 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 ₦ 2,642.62 to ₦ 2,083.33 during March, and April.
When referring to the price in Ogba Egbema Ndoni (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is ₦ 1,527,000. In December This price remains at ₦ 1,527,000. During the following two months (January, February) the average price had a considerable fall of 50 % 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 ₦ 1,145,250 to ₦ 766,666.5, which means a 67 % fall.