Property prices for rent in Uyo (Akwa Ibom)

The rent prices in real estate in Uyo, in the Akwa Ibom region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

₦ 657,875.33
Average price last 6 months
₦ 915.1
Price/m² last 6 months
Average price per m2

The price per m² in Uyo has had a strong fall during the last 6 months. In December, the average price per m² was ₦ 1,049.73. In the following month the price per m² fell considerably to ₦ 734.17. The price for the following two months in (February, March) had a considerable fall of 82 with regard to the previous two months. The price per m² has had a considerable rise of 138 % 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 ₦ 813.06 to ₦ 1,119.18 during April, and May.

Average price

When referring to the price in Uyo (cities & towns), this has fallen considerably in the last 6 months. The average price for December is ₦ 786,364. During January the price had a considerable fall till ₦ 557,500. During the following two months (February, March) the average price had a considerable fall of 83 % 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 had a strong increase of 121 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of ₦ 744,194 they are 73 % more affordable than the average price for Uyo . The properties with the highest average price have 4 bedrooms, Their price is 135 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₦ 600,000.

With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of ₦ 260.14 / m², with an average ₦ 1,119.18 / m² price in Uyo. The properties with the most expensive average prices have 4 bedrooms. They are 126 % more expensive than the average followed by properties with 3 bedrooms with a price at ₦ 852.83 / m².

Price per property type

With regard to the average price based upon the property in Uyo we can see that the most affordable property type is "Land" at a price of ₦ 555,272, they are 25 % cheaper than the average price. "Land" has the most affordable price. This price is 25 % more affordable than the average price aforementioned.

According to the average area price by m² the most affordable property type is "Land with an average cost of ₦ 730 / m². "Land" with an average price of ₦ 730 / m² has the most affordable price and would be directed at less affluent cities.

Charts data
Average price May
Average price per m² May
Number of properties used in Uyo
Number of properties used in region Akwa Ibom
₦ 744,194
₦ 1,119.18
240
244
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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