The rent prices in real estate in Surulere, in the Oyo 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 Surulere has risen strongly during the last 6 months. In October, the average price per m² was ₦ 5,753.3. In November this price barely changed remaining at ₦ 5,753.3 per m². In the following two months the price per m² has practically remained the same, going from ₦ 5,753.3 to ₦ 5,752.5 per m². The price per m² has had a considerable rise of 174 % 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 ₦ 5,752.9 to ₦ 10,010 during February, and March.
When referring to the price in Surulere (cities & towns), this has risen in the last 6 months. In our first sample month during October, the average price is ₦ 1,611,765. In November This price remains at ₦ 1,611,765. In the following two months the average price has hardly changed with regard to the previous two months from ₦ 1,611,765 to ₦ 1,579,307.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.