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Please What Is Happening With Nigeria And Rent Issues? - Properties (5) - Nairaland

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Re: Please What Is Happening With Nigeria And Rent Issues? by Nobody: 9:35am On Feb 07, 2022
Lol make i no talk much.

Lagos island, one room flat 1.4m

We go dey alright.

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by sukkot: 9:35am On Feb 07, 2022
Bunkbars:
Walaihi cry
grin grin i was just jokiing ni ooo. theere are plenty places in lagos but you have to move further out. like say lakowe lekki etc
Re: Please What Is Happening With Nigeria And Rent Issues? by Rubbiish(m): 9:37am On Feb 07, 2022
pocohantas:
We are not ready for this conversation.

This is the best thing now, but even landlords of old properties are either renovating and dividing it to get more flats. Or they increase their rents because they know the drill.

However, if one is lucky to see a decent old flat with enough parking space (very important), just take it and upgrade to your taste.
U want to upgrade another person's property? I don't think that is a wise move o
Re: Please What Is Happening With Nigeria And Rent Issues? by nurudeen181(m): 9:38am On Feb 07, 2022
Anonymoususher:
Our country is messed up bro... Only God will help us.

I am in Lagos and I am paying 650k for an apartment that does not worth the price

Everybody should just hustle and leave this country or just earn in dollar
hustle in the country and then leave.. you cant use such money to do well anywhere my g

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by Acidosis(m): 9:39am On Feb 07, 2022
Yahoo boys have messed up this country. The funny thing is majority of them can't maintain the lifestyle. They rent a big man apartment and in one or two years, they are back to the streets.

Very soon, all the legit guys will leave the country for them and their greedy landlords.

4 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by Wilson212: 9:39am On Feb 07, 2022
Prechgold1180:


Omo I shock o
Auchi of yesterday wey we Dey rent hus 20k to 40k my sch son went house hunting last two weeks after a week of house hunting nah 900k a year own we see wey Dey near sch
Thou the building is nice
Buh 900k thou it’s a 2 bedroom

Agent fee and the rest 100k it is Yahoo boys not building materials come to onisha a new three bedroom flat is below 400k old ones is around 250 or below standard three bedroom not all this Lagos and pH three bedroom
That approximately 1million

Small yash Dey shake o

Thou the problem is not yahoo boys
Go and check out price of building materials

Omo if I tell u wetyn my see
Re: Please What Is Happening With Nigeria And Rent Issues? by Acidosis(m): 9:40am On Feb 07, 2022
Jobia:
Lol make i no talk much.

Lagos island, one room flat 1.4m

We go dey alright.


Meanwhile the average salary for that island no pass 150k

4 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by Xilsbridalhouse(f): 9:41am On Feb 07, 2022
luthorcorp:
All thanks to your yahoo Yahoo friends whom you admire and want to be like.

I rented an office but because I look young my landlord thought he has seen a yahooboy he can extort. Imagine after moving in the fool came telling me that the paint I met I will pay for it, I just told him " baba this little conversation is over and until my rent expires we have nothing to discuss ever again".
grin grin pay for paint again ? grin Baba really wants to cash out on you lol
Re: Please What Is Happening With Nigeria And Rent Issues? by Eastcaostboy: 9:41am On Feb 07, 2022
Badboibipo:
How can a person have over 300,000 Naira and still can’t afford any descent house? How did we get here?

The first time I moved out of my parents house In 2018 I literally rented a house for 40,000 naira a year, and it was a room self contain in delta.

Today there is no single room self contain below 200-250,000 naira, and that’s even the ones in rural areas, anyone in town is from 300k and above, and yes just a room !!! Wtf is happening?

I’m so worried about Nigerians, am I the only one facing these issues or is every one so rich they can easily pay 300k for a damm single room apartment
It's not easy everywhere in the world now, some are paying that amount per month overseas

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by aminusodiq(m): 9:42am On Feb 07, 2022
Badboibipo:
How can a person have over 300,000 Naira and still can’t afford any descent house? How did we get here?

?

My cousin rented a old dilapidated converted a room self contained somewhere around beger lagos for 350k! GOD! IT WAS AN EYESOAR.

It look like all this village houses. The room walls have been painted over 10 times.. The walls was mixed with nhmerous olf colours. Its was so bad for the price

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by edydamsel(f): 9:42am On Feb 07, 2022
I think necessary action should be taken by appropriate authority to save the masses. My rent expire December and my landlord gave January to pack. I can't find a place affordable for me.give me two weeks more the man is dragging me to court
Re: Please What Is Happening With Nigeria And Rent Issues? by BluntTheApostle(m): 9:42am On Feb 07, 2022
Grupo:


It has nothing to do with yahoo Boys.

You are just a lazy African who cannot think but chooses to blame easy targets.

I was told that the Yahoo Yahoo boys are largely to blame. Although building materials are a factor. I understand as I am building my own house too.

But you see, some houses are overpriced because of these Yahoo guys.

Call an old bungalow 5 million naira, and these guys will pay. This has caused agents and landlords to become greedy.

Just as policemen want to exploit every successful young man (all thanks to the Yahoo Yahoo fad), it is the same with agents and landlords.
Re: Please What Is Happening With Nigeria And Rent Issues? by somehow: 9:44am On Feb 07, 2022
SouthWestBlood:


They don't consider the side of the landlords. They talk as if they are not in Nigeria. Where dollar is now trading for N570.

As of 2016, I could remember cement was sold for N1300, clay filling sand for N18k. Now, cement is N4300, and clay filling sand for N40k.

But wait ọ.. Are we talking about newly built houses or old houses?

Did the landlords just built their houses this year?

5 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by Juoflife1(f): 9:47am On Feb 07, 2022
The country is just senselessly expensive. The amount of money used to buy one house here can buy 2 houses in better countries.
Re: Please What Is Happening With Nigeria And Rent Issues? by adedayourt(m): 9:47am On Feb 07, 2022
This issue is made worst by the blood thirsty greedy poverty ridden set of people called agents.

For example a landlord wants to let out his house for 200k and he gives it to an agent. (Just this one apartment is that enviroment e.g Ojota )
This agent will inform his agent friend about the vacancy who will in turn inform other agents.

All this agents will add some cut to the original amount when informing an innocent person who wants to rent.


By the time the info trickles down it has gotten to about 400k. On the amout they will still charge agreement and damages. for an apartment of 200k original price.


I was a victim too, but fortunately for me before i paid. I met the landlord who later gave me the original price and insisted that is the amount I should pay.

The landlord is like a father and a family to me today.

8 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by Afodot0022(m): 9:52am On Feb 07, 2022
Even though for one thing am still grateful my father did was building a house in lagos, the benefit am enjoying now in lagos as i no dey pay rent. though my dad is late now but the man left a property for us which is what is helping me, despite the fact that am married, na still my papa house i dey live. If you like abuse me say i no get shame, na your wahala be that, na person wey go follow you suffer pay house rent bill you dey find. Gone are the days where people will be ashamed to live in family house, for this lagos, if you no plan your self well, na landlord you go dey work for. instead of paying crazing house rent in lagos, i better live in my papa house, save the money and start my own house project than giving one greedy lagos landlords.
Nezzjnr:
Lmao.... I've told myself that when I intend getting married... I'll just move to Redemption Camp cheesy cheesy.


Make i dey my Papa House 1st

21 Likes 1 Share

Re: Please What Is Happening With Nigeria And Rent Issues? by BluntTheApostle(m): 9:54am On Feb 07, 2022
ProfAmaben:


I bought cement for 4,800 in December, it has slightly dropped to 4,300. Roofing sheet was 19k per bundle last year, now 43k, sand was 25k, now 57k, 6" block for 100 naira now 215 in my area, etc. Make I come build finish rent am for 40k yearly? I dey fear you? grin, always remember that it takes 40 naira to lay a block presently.

This would have been a great point, but it doesn't explain overpriced old houses. I have about four friends who saw an 100% increase in their rents. All of them have lived in those houses for over 4 years. Mind you, it is not a total package stuff. Even the Hausa guys that guard their gates are paid from the pockets of the tenants. The landlords do nothing other than collect rents.

My own apartment nko? The rent keeps increasing. From a notice circulated by my landlord around June last year, he blamed maintenance and all. Which maintenance? During the insecurity of Covid time, some hooligans destroyed our gates, na still we gather money repair the gates. So, what maintenance?

2 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by bigcee(m): 10:01am On Feb 07, 2022
mediainc:
UK and US rent is expensive too...
And it's worth it. Not the dirty houses with exorbitant rent we have in Nigeria.

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by Nezzjnr: 10:01am On Feb 07, 2022
Afodot0022:
Even though for one thing am still grateful my father did was building a house in lagos, the benefit am enjoying now in lagos as i no dey pay rent. though my dad is late now but the man left a property for us which is what is helping me, despite the fact that am married, na still my papa house i dey live. If you like abuse me say i no get shame, na your wahala be that, na person wey go follow you suffer pay house rent bill you dey find. Gone are the days where people will be ashamed to live in family house, for this lagos, if you no plan your self well, na landlord you go dey work for. instead of paying crazing house rent in lagos, i better live in my papa house, save the money and start my own house project than giving one greedy lagos landlords.
That's what I told myself.

Why will I leave my Parents house when I'm still a Bachelor.

A Close Friend of mine has 2 Houses in nice locations in Lagos but still living in his parents house at Ikorodu... He's even married.

Bros is cashing out from those 2 Houses because they're on rent.

8 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by mediainc: 10:04am On Feb 07, 2022
bigcee:

And it's worth it. Not the dirty houses with exorbitant rent we have in Nigeria.
They are nice houses, all depends on your budget...same with UK and America, they have ghetto run down areas too.
Re: Please What Is Happening With Nigeria And Rent Issues? by Edipet(m): 10:04am On Feb 07, 2022
ProfAmaben:


I bought cement for 4,800 in December, it has slightly dropped to 4,300. Roofing sheet was 19k per bundle last year, now 43k, sand was 25k, now 57k, 6" block for 100 naira now 215 in my area, etc. Make I come build finish rent am for 40k yearly? I dey fear you? grin, always remember that it takes 40 naira to lay a block presently.
this is what tenant don't really understand,..in real estate if you don't take your time to calculate you will definitely loose, .... don't forget you will still do a little maintenance in that your House in 3yrs time which will cost you another money

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by SouthWestBlood(m): 10:04am On Feb 07, 2022
somehow:


But wait ọ.. Are we talking about newly built houses or old houses?

Did the landlords just built their houses this year?

Okay, so the landlord will not increase the rent because he didn't just build the house? When the landlord goes out tomorrow to use the rent paid to him to get the value of what it used to, and then he finds out it's no longer enough, what do you think will happen?

A 3-bed I helped someone to get last year in a nice area for 1m, the landlord has increased the rent by 50%. And of course, he didn't just build the house. He built the house in 2015, and the rent had remained stable until recently. What do you think caused the sharp increase? Your guess is as good as mine. We need to be honest with ourselves.

Also, this is not to say that there are no exorbitant house rents out there.

7 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by Nobody: 10:08am On Feb 07, 2022
all than to all this Landlord children giving there house out to developers to increase the prices for them

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by missidy: 10:10am On Feb 07, 2022
I wish I can even see the one to manage. If you manage to see, the landlord bring tribalism into it. They want only Yoruba or a certain tribe.

pocohantas:


Never seen this happen. Usually they wait for you to leave before increasing the rent of your flat. Everything you put should be removable. I would never understand breaking ground to install tiles in another man’s house.




It only gets worse. By the time you add the cost of transporting agents and inspection fee, you’ll see you played yourself. Na to just manage the next moderate one they show you. grin grin grin
Re: Please What Is Happening With Nigeria And Rent Issues? by thadotech(m): 10:12am On Feb 07, 2022
God knows we are trying in this country.

Op just shook a table that has long been awaiting shaking.

I just moved out of a place where I have been staying for like 7years now. And reason was the house was just continuously getting dilapidating and no renovation except I do it myself which I have been trying.
I decided not to pay complete rents for like 2years because I did somethings in the apartment which was meant to be done by the landlord but he still want me to pay his rent in full.
However, my rent and arrears came up to like N650k (Rent N400k and owe is N250k - rubbish 2bed apartment)
I decided to move out and search for another place because the landlord was frustrating me with his pay pay pay.

O boy to get same kind was about N800k around same place which was Abraham Adesanya, Ajah axis of Lagos.

I had to move to where I thought was survival and rented a mini flat for N400k. ( Still expensive) Onosa axis before Eleko

It's killing that Nigeria is turning to something.
Young people and even the striving to survive families have no choice but to leave in slums and hope for betters ahead.

Lekki na die.
Most people leaving there only pretend to be big but work endlessly just to pay rent and transportation. Except the acclaimed G-Boys and blood money geng.

We are leaving in a country where no one seems to even try to enjoy but force him/her self to flex small. And after the flexing surely Sapa must hit you hard.


Las Las we go Sha dey aiit.

7 Likes 1 Share

Re: Please What Is Happening With Nigeria And Rent Issues? by bigcee(m): 10:12am On Feb 07, 2022
sukkot:
lmao as i am reading these comments e sure me say this country is divided into two halves. this is a true story if i lie make wetin i dey fin make i no see am. sometimes last year i met this dude in lekki phase 1. young guy, about 35 years old. went to his house. its 24 7 electriicity that is generated on site. i think there is a pool and a gym in the estate. its like a mini estate. the guy told me that his ANNUAL SERVICE CHARGE alone ( NOT RENT OOO ) for the apartment is 2.4 million naira a year. meanwhile i am reading people complaining about 200k rent. lmao. this country is divided
Let me start from you. Can you afford a house with 2.4mill annual service charge? (not rent oh)

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by missidy: 10:13am On Feb 07, 2022
Hmmm, try and see na. I started with 600k and increased to 800k, every few months it increases. I am on house hunting break this month. Next month I will resume with new set of agents. Lagos housing scheme is a huge mess.
Fatbam003:
800k yet can't get a house . Hah

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by Grupo(m): 10:13am On Feb 07, 2022
BluntTheApostle:


I was told that the Yahoo Yahoo boys are largely to blame. Although building materials are a factor. I understand as I am building my own house too.

But you see, some houses are overpriced because of these Yahoo guys.

Call an old bungalow 5 million naira, and these guys will pay. This has caused agents and landlords to become greedy.

Just as policemen want to exploit every successful young man (all thanks to the Yahoo Yahoo fad), it is the same with agents and landlords.


You people over rate these so called yahoo Boys and it's a very lazy way of addressing issues.

If there are ten yahoo Boys in a vicinity, only about 2 out of that 10 make enough money to live large. Others just make a little and make noise. So the few that make enough don't have the numbers to disrupt housing costs. It's a very lazy way of thinking.

Cost of sardine has gone from ₦250 to ₦500 within a year. Maybe it's also the fault of yahoo Boys.


The thing is this - a house that could be built with 20m before will now cost approximately 35m to be built. Cost of cement, rods, and building materials in general have doubled.


So, if a landlord spends so much to build a new house, he will obviously make the rent reflective of the cost of the building.

Every landlord wants to recoup their investment as soon as possible.

When old landlords see how much the new ones are charging, they too will adjust their own prices. After all, their own cost of living has increased as well.

It's all about market forces.


Inflation, just like high blood pressure is a silent killer.

Nigerians will elect a clueless government that will increase cost of living with their stupid policies and turn around to blame others.

Election cycle is near us again.

Nigerians will once again elect idiots out of tribal and religious sentiments. Then when the idiots mess up the economy and inflation skyrockets, the same Nigerians will turn around and blame everyone else except themselves and the idiots they elected into office.

12 Likes 3 Shares

Re: Please What Is Happening With Nigeria And Rent Issues? by sukkot: 10:14am On Feb 07, 2022
bigcee:

Let me start from you. Can you afford a house with 2.4mill annual service charge? (not rent oh)
i personally think its gross stupidity to pay that much just for service charge

2 Likes

Re: Please What Is Happening With Nigeria And Rent Issues? by vikstandon(m): 10:16am On Feb 07, 2022
Badboibipo:
How can a person have over 300,000 Naira and still can’t afford any descent house? How did we get here?

The first time I moved out of my parents house In 2018 I literally rented a house for 40,000 naira a year, and it was a room self contain in delta.

Today there is no single room self contain below 200-250,000 naira, and that’s even the ones in rural areas, anyone in town is from 300k and above, and yes just a room !!! Wtf is happening?

I’m so worried about Nigerians, am I the only one facing these issues or is every one so rich they can easily pay 300k for a damm single room apartment


Caused by Yahoo Boys

1 Like

Re: Please What Is Happening With Nigeria And Rent Issues? by bigcee(m): 10:17am On Feb 07, 2022
sukkot:
i personally think its gross stupidity to pay that much just for service charge
Lol grin. Thank you, sir.

1 Like 1 Share

Re: Please What Is Happening With Nigeria And Rent Issues? by PointZerom: 10:17am On Feb 07, 2022
luthorcorp:
All thanks to your yahoo Yahoo friends whom you admire and want to be like.

I rented an office but because I look young my landlord thought he has seen a yahooboy he can extort. Imagine after moving in the fool came telling me that the paint I met I will pay for it, I just told him " baba this little conversation is over and until my rent expires we have nothing to discuss ever again".

Just tell him to remove his paint. EOD.

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