The average price in the Abia region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per m² in Abia has risen considerably in the last 6 months. During November, the average price per m² was ₦ 3,507. In December the price pretty much stayed the same at ₦ 3,507 per m². The following two months (January, February) went through a considerable deflation of 46 % in the price per m² with regard to the previous two. In the last two months, the price per m² has had a significant increase of 149 %. This has been obtained by comparing the price of ₦ 2,567.5 for the first four months of the sample with regard to the previous 4 months and the price of ₦ 3,814.5 per m² for the last two months (March, April).
Based upon to the price in Abia(region), this has decreased considerably in the last 6 months. In the first month sample November the average price is ₦ 1,627,778. In December the price was the same at ₦ 1,627,778. In the following two months the average price has decreased 46 % compared to the previous two. During the last two months the price has had a considerable increase of 148 % with respect to the previous four months going from ₦ 1,191,666.75 a ₦ 1,762,500.