A block of 6 not 3bedroom flats @ Spark Light Estate, Berger Ojodu on 650sqm of land. The house is well finished.

Title : Global C of O.
Price : 60 million naira

For serious enquiries, call / whatsapp 08038433289, 07082866791.

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The way properties are being priced is somewhat scary. If this house charges rent of 500k, it will take 20yrs to recoup the investment. Forget upkeep and maintenance.

God help us

Meanwhile a $150,000 house equivalent in the US, lets say charges about $1,300 per month, deduct $300 for expenses, taxes etc will recoup the money in about 12.5yrs

Anybody with primary school arithmetic should know where to stay and invest

USAutoBuy:
Meanwhile a $150,000 house equivalent in the US, lets say charges about $1,300 per month, deduct $300 for expenses, taxes etc will recoup the money in about 12.5yrs
Anybody with primary school arithmetic should know where to stay and invest

Excellent observation.

And that's not to even mention further degradation of the Naira.

But this thing is: people 'invest' at home for different reasons other than ROI.
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zepho:

Excellent observation.
And that's not to even mention further degradation of the Naira.
But this thing is: people 'invest' at home for different reasons other than ROI.
.

Point well taken. If Naira appreciates, it even makes it worse "investment" cos then it will be about $200k equivalent (let's say it appreciates to N300/$). But N60m or this house with average workmanship at best. Horrible compound. I know its Lagos but God help.

No matter the reason of investing in a real estate, what good does it do if you can recoup your money quicker. Unless you have a sentimental reason of buying the house. This is just a building being advertised, no sentiments here.