The average price in the Rivers region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per m² in Rivers has increased strongly in the last 6 months. During November, the average price per m² was ₦ 45,164. The following month the price decreased to ₦ 40,397 per m². In the following two months (January, February) the price per m² has risen strongly to a 158 %. In the last two months, the price per m² has had a significant increase of 175 %. This has been obtained by comparing the price of ₦ 55,120 for the first four months of the sample with regard to the previous 4 months and the price of ₦ 96,508.5 per m² for the last two months (March, April).
Based upon to the price in Rivers(region), this has increased considerably in the last 6 months. November has an average price of ₦ 19,792,500. During December the price had a slight deflation till ₦ 17,856,875. The price in the following months (January, February) had a strong increment of 123 % going from ₦ 18,824,688 to ₦ 23,201,696. During the last two months the price has had a considerable increase of 175 % with respect to the previous four months going from ₦ 21,013,192 a ₦ 36,868,552.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 85 % more affordable than the average price in Rivers followed by those with 2 with an average price of ₦ 7,296,233. The most costly properties have 4 bedrooms. They are 32 % more expensive than the average followed by those properties with 3 bedrooms priced at ₦ 11,391,097.
Based on the average price per m² those properties with 2 bedrooms are the cheapest ones with a price of ₦ 24,439 / m² being ₦ 74,295 / m² the average value within the Rivers region. The properties with the most expensive average price are those with 4 bedrooms. These are 12 % more costly than the average followed by those with 3 bedrooms with a price of ₦ 78,133 / m².
The graph displaying the average price according to the property type shows "Flat" as the cheapest one. With an average cost of ₦ 26,722,105 it is 67 % more affordable than the average in Rivers. This is followed by "Bungalow" with a price of ₦ 20,193,504. The dearest property type is "Commercial" and is 171 % more expensive than the average, followed by "Duplex" with a cost of ₦ 68,836,406.
Based on the average cost per m² the cheapest property type is "Land with a an average cost of ₦ 34,430 / m², followed by "Commercial" with a price of ₦ 55,886 / m². "Bungalow" with an average price of ₦ 209,254 / m² is the most costly type of property followed by "Duplex" at a price of ₦ 141,724 / m².