The prices in real estate in Benin, in the Edo 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 Benin has had a strong decrease during the last 6 months. In October, the average price per m² was ₦ 181,445. In the following month the price per m² decreased considerably to ₦ 133,904. The price for the following two months in (December, January) had a considerable decrease of 85 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 ₦ 145,789.25 to during February, and March.
Based upon to the price in Benin (cities & towns), this has fallen considerably in the last 6 months. The price in October is ₦ 12,545,455, rising in November till ₦ 14,209,375. During the following two months (December, January) the price has had an average incrementation from ₦ 13,377,415 to ₦ 14,209,375. During the last two months the average price has had a strong fall compared to the previous four going from ₦ 13,793,395 to , which means a 0 % fall.