The prices in real estate in Abuja, in the Abuja region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Abuja has increased during the last 6 months. In November, the average price per m² was ₦ 63,889. In the following month the price per m² decreased considerably to ₦ 47,012. In the following two months the price per m² has barely changed, going from ₦ 55,450.5 to ₦ 55,530.5 per m². The price per m² has had a considerable increase of 187 % 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 ₦ 55,490.5 to ₦ 103,886.5 during March, and April.
Based upon to the price in Abuja (cities & towns), this has gone up considerably in the last 6 months. The price in November is ₦ 19,291,563, rising in December till ₦ 21,186,563. During the following two months (January, February) the price has had an average incrementation from ₦ 20,239,064 to ₦ 21,669,876. Based on an analysis of the first four prices and the last two months the average price has risen strongly 225 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₦ 24,469,254 they are 62 % more affordable than the average price for Abuja. The properties with the highest average price have 1 bedroom, Their price is 179 % more costly than the average. After that we have properties with 4 bedrooms priced at ₦ 53,561,385.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₦ 44,936 / m², with an average ₦ 62,329 / m² price in Abuja. The properties with the highest average prices have 1 bedroom. They are 19994 % more expensive than the average followed by properties with 3 bedrooms with a price at ₦ 148,047 / m².
The graph displaying the average prices displays the property type "Bungalow" as the most affordable one. At an cost of ₦ 24,469,254 it is 23 % cheaper than the average price in Abuja. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached duplex" followed by "Commercial". At a price of ₦ 156,674,944 it is 555 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Bungalow" at an average cost of ₦ 37,899 / m² followed by "Commercial" priced at ₦ 79,236 / m². "Detached duplex" is the most costly type of property with a ₦ 2,812,249 / m² cost followed by "House" with an average price of ₦ 524,192 / m².