The average price in the Abuja 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 Abuja has risen considerably in the last 6 months. During March, the average price per m² was ₦ 145,444. The following month (April) the price had a considerable deflation reaching ₦ 61,604 per m². The following two months (May, June) went through a considerable deflation of 85 % in the price per m² with regard to the previous two. In the last two months, the price per m² has decreased 85 %. This has been obtained by comparing the price ₦ 95,519.5 for the first four months of the sample with regard to the previous 4 months and the price ₦ 81,408 per m² for the last two months (July, August).
Based upon to the price in Abuja(region), this has decreased considerably in the last 6 months. March has an average price of ₦ 69,950,000. During April the price had a strong deflation till ₦ 26,095,545. In the following two months the average price has decreased 78 % compared to the previous two. During the last two months the price has had a considerable reduction of 64 % with respect to the previous four months going from ₦ 42,765,296 a ₦ 27,576,264.
The graph displaying the the average price per number of bedrooms shows that those with 3 bedrooms are the cheapest ones. They are 4 % more affordable than the average price in Abuja followed by those with 2 with an average price of ₦ 40,600,000. The most costly properties have 4 bedrooms. They are 78 % more expensive than the average followed by those properties with 1 bedroom priced at ₦ 42,000,000.
Based on the average price per m² those properties with 3 bedrooms are the dearest ones with a price of ₦ 87,120 / m² being ₦ 82,295 / m² the average value within the Abuja region. The properties with the most expensive average price are those with 1 bedroom. These are 9052 % more costly than the average followed by those with 4 bedrooms with a price of ₦ 160,789 / m².
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of ₦ 31,768,438 it is 64 % more affordable than the average in Abuja. This is followed by "House" with a price of ₦ 71,863,775. The dearest property type is "Detached duplex" and is 402 % more expensive than the average, followed by "Commercial" with a cost of ₦ 85,752,289.
Based on the average cost per m² the cheapest property type is "Land with a an average cost of ₦ 26,272 / m², followed by "Commercial" with a price of ₦ 98,245 / m². "Detached duplex" with an average price of ₦ 2,801,015 / m² is the most costly type of property followed by "House" at a price of ₦ 198,476 / m².