The prices in real estate in Uyo, in the Akwa Ibom 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 Uyo has had a strong decrease during the last 6 months. In October, the average price per m² was ₦ 15,989. In November this price pretty much remained the same at a value of ₦ 15,989 per m². In the following two months the price per m² has barely changed, going from ₦ 15,989 to ₦ 16,123.5 per m². 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 ₦ 16,056.25 to during February, and March.
Based upon to the price in Uyo (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₦ 5,112,500. In November This price remains at ₦ 5,112,500. In the following two months the average price has remained the same with regard to the previous two months from ₦ 5,112,500 to ₦ 5,175,000. During the last two months the average price has had a strong fall compared to the previous four going from ₦ 5,143,750 to , which means a 0 % fall.