Ghana is the most expensive place to do this in Africa

Also note that the statistics used in compiling this listicle is courtesy of Numbeo, a leading global provider of perceived consumer prices and other statistics. 

Below are the 9 most expensive African countries to rent property

  1. Ghana: This West African country has a property price to income ratio of 87.65%, as well as an affordability index of 0.04%. A one bedroom apartment in Accra’s city centre would cost as high as $884.46. And the average net salary after tax is $344.84.
  2. Kenya: Kenya’s property price to income ratio is 24.24%, even as the affordability index stands at 0.29%. A one bedroom accommodation in Nairobi’s city centre goes for an average of $389.62. And the average monthly net salary is $493.38. 
  3. Algeria: Next we have this Northern African country which has a property to income ratio of 18.25% and an affordability index of 0.61%. A one bedroom apartment in the centre of Algiers, Algeria’s capital city, goes for $211.85. Meanwhile, the average monthly salary is $250.09.
  4. Nigeria: Africa’s most populous country has a property to income ratio of 16.11%, even as affordability index 0.31%. In the commercial capital of Lagos, a one bedroom apartment in the city centre can go for as high as $1,567. Meanwhile, the average net salary in the city is $232.93.
  5. Morocco: Morocco has a property price to income ratio of 12.60% and an affordability index of 0.98. In the centre of the country’s capital city8 of Rabat, a one bedroom apartment goes for an average of $469.49. Meanwhile, the average net salary in the city is $429.62.
  6. Egypt: Egypt has a property price to income ratio of 12.04% and an affordability index of 0.61%. A one bedroom apartment in Cairo’s city centre goes for an average of $225.40. Meanwhile, residents in the city earn an average monthly net salary of $258.89.
  7. Tunisia: Tunisia has a property to income ratio of 11.75% as well as an affordability index of 0.61%. In the centre of Tunis, a one bedroom apartment can go for $228.95%. The average monthly net salary in the city is $271.59.
  8. Mauritius: This island nation has a property to income ratio of 9.71% and a property affordability index score of 0.61%. At the centre of Port Louis, the country’s capital, a one bedroom apartment can go for an average rental price of $393.97. The average salary is $455. 
  9. South Africa: SA has a property to income ratio of 3.07% and an affordability index of 2.93%. At the centre of Johannesburg, a one bedroom apartment can go for $422.94. Meanwhile, the monthly net salary is $1,535.73.

Source: Pulse

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