The prices in real estate in Awka, in the Anambra region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Awka has had a strong decrease during the last 6 months. In November, the average price per m² was ₦ 14,524. In December this price pretty much remained the same at a value of ₦ 14,524 per m². The price for the following two months in (January, February) had a considerable decrease of 50 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₦ 10,893 to ₦ 10,519 during March y April
Based upon to the price in Awka (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is ₦ 8,512,500. In December This price remains at ₦ 8,512,500. During the following two months (January, February) the average price had a considerable reduction of 50 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₦ 6,384,375 and ₦ 6,350,000 between March and April.