The prices in real estate in Oredo, in the Edo 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 Oredo has increased strongly during the last 6 months. In December, the average price per m² was ₦ 5,637. In the following month the price per m² increased considerably to ₦ 44,740. The price for the following two months in (February, March) had a considerable increment of 178 %. 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 ₦ 34,964.25 to during April, and May.
Based upon to the price in Oredo (cities & towns), this has gone up in the last 6 months. The average price during our first sample month during December, is ₦ 11,511,111. During January the price went through a considerable rise reaching ₦ 21,040,000. During the following two months (February, March) the average price had a considerable increase of 129 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₦ 18,657,778 to , which means a 0 % fall.