The rent prices in real estate in Port Harcourt, 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 Port Harcourt has had a strong fall during the last 6 months. In September, the average price per m² was ₦ 13,514. In the following month the price per m² fell considerably to ₦ 6,765.78. The price for the following two months in (November, December) had a considerable fall of 67 with regard to the previous two months. The price per m² has had a considerable rise of 166 % 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 ₦ 8,452.83 to ₦ 14,046.08 during January, and February.
When referring to the price in Port Harcourt (cities & towns), this has fallen considerably in the last 6 months. The average price for September is ₦ 4,273,500. During October the price had a considerable fall till ₦ 2,640,000. During the following two months (November, December) the average price had a considerable fall of 76 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.