The prices in real estate in Abuja, in the Abuja region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Abuja has increased strongly during the last 6 months. In July, the average price per m² was ₦ 146,075. In the following month the price per m² increased considerably to ₦ 762,767. The price for the following two months in (September, October) had a considerable increment of 256 %. The price per m² has had a considerable deflation of 82 % 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 ₦ 807,734.25 to ₦ 660,815.5 during November, and December.
Based upon to the price in Abuja (cities & towns), this has fallen considerably in the last 6 months. The average price for July is ₦ 214,650,000. During August the price had a slight fall till ₦ 199,075,000. In the following two months the average price has remained the same with regard to the previous two months from ₦ 206,862,496 to ₦ 208,410,720. During the last two months the average price has had a strong fall compared to the previous four going from ₦ 207,636,608 to ₦ 137,369,312, which means a 66 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 594 % more costly than the average price of ₦ 349,623,210 in Abuja. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 594 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 5 % more costly than the average price of (₦ 157,602 / m²) in Abuja. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 5 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial property" as the most costly one. At an cost of ₦ 50,363,636 it is 193 % more expensive than the average price in Abuja. "Flat" is seen as the second dearest property type. The dearest property type is "Flat" followed by "Commercial property". At a price of ₦ 147,325,135 it is 194 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial property" at an average cost of ₦ 124,069 / m² followed by "Flat" priced at ₦ 124,694 / m². "Flat" is the cheapest type of property with a ₦ 124,694 / m² value followed by "Commercial property" with an average price of ₦ 124,069 / m².