Compare the true long-term cost of renting versus buying a property in Nigeria and find your break-even year.
= ₦6,250,000
How much rent rises each year
Expected annual property value growth
Over 10 Years
Buying is cheaper by
₦21,738,471
Buy vs Rent Comparison
Buying cost includes down payment, upfront fees (~12%), and mortgage payments minus property appreciation. Past appreciation rates are not a guarantee of future performance.
It depends on your timeline, finances, and goals. Buying builds equity and protects against rising rents, but requires a large upfront investment (down payment, fees) and ties up capital. Renting offers flexibility with lower upfront costs. In Nigeria's high-interest-rate environment, renting can be cheaper in the short term (under 5-7 years), while buying tends to win over longer periods.
Plan for: down payment (20-30% of purchase price), stamp duty (1.5%), consent fees (2-3% depending on state), legal fees (~1.5%), estate agent commission (5-10%), and registration fees (~0.5%). Total upfront costs are typically 10-15% on top of the down payment.
Property values in Nigerian cities have historically appreciated at 5-15% per year in strong growth periods, though this is not guaranteed. Capital appreciation is a major factor in favour of buying, especially in growth corridors like Lekki-Epe Expressway and Abuja's periphery.
If you invest your down payment elsewhere (e.g., treasury bills, equities, or a business), factor in the potential return. In Nigeria, short-term treasury bills have often yielded 10-20% p.a., which can make renting more attractive if your investment returns exceed the cost of ownership.
Free property calculators for buyers, renters, and investors in Nigeria.
Mortgage Calculator Nigeria
Work out your monthly mortgage repayments and total loan cost.
Rent Affordability Calculator Nigeria
See how much rent you can comfortably afford on your income.
Rental Yield Calculator Nigeria
Calculate gross and net rental yield on your investment property.
Stamp Duty Calculator Nigeria
Estimate stamp duty and all fees when buying property in Nigeria.
Property Deposit Savings Calculator Nigeria
Find out how long it takes to save your home deposit.
Estate Agent Commission Calculator Nigeria
Break down agent fees and total costs for any property transaction.
Property Investment ROI Calculator Nigeria
Calculate total ROI on a rental property investment including appreciation.
Property Renovation Cost Estimator Nigeria
Get a cost estimate for renovating or refurbishing a property.
Looking for a property in Nigeria?
Browse thousands of verified listings — buy, rent, or invest with confidence.