The prices in real estate in Oredo, 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 Oredo has had a strong decrease during the last 6 months. In June, the average price per m² was ₦ 45,415. In the following month the price per m² decreased considerably to ₦ 17,145. The price for the following two months in (August, September) had a considerable decrease of 74 with regard to the prior two months. The price per m² has increased 105 % 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 ₦ 27,176.25 to ₦ 28,554.5 during October, and November.
Based upon to the price in Oredo (cities & towns), this has gone up considerably in the last 6 months. The average price for June is ₦ 21,216,049. During July the price had a considerable reduction till ₦ 17,454,938. During the following two months (August, September) the average price had a considerable increase of 128 % 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 risen strongly 128 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of ₦ 30,400,000 in Oredo. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (₦ 15,700 / m²) in Oredo. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Oredo we can see that the cheapest property type is "Apartment" at a price of ₦ 30,400,000, they are 0 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Apartment with an average price of ₦ 15,700 / m². "Apartment" with an average cost of ₦ 15,700 / m² has the lowest price and would be directed at less affluent cities.