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 April, the average price per m² was ₦ 44,456. In the following month the price per m² decreased to ₦ 40,104. The price for the following two months in (June, July) had a considerable decrease of 74 with regard to the prior two months. The price per m² has had a considerable deflation of 63 % 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 ₦ 36,780 to ₦ 23,072.5 during August, and September.
Based upon to the price in Oredo (cities & towns), this has gone up in the last 6 months. In our first sample month during April, the average price is ₦ 19,813,580. In May This price remains at ₦ 19,825,926. In the following two months the average price has remained the same with regard to the previous two months from ₦ 19,819,752 to ₦ 19,335,494. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 ₦ 21,882,500 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 (₦ 18,577 / 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 "Land" at a price of ₦ 21,882,500, they are 0 % more affordable than the average price of (!PRECIO2!). "Land" 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 "Land with an average price of ₦ 18,577 / m². "Land" with an average cost of ₦ 18,577 / m² has the lowest price and would be directed at less affluent cities.