Raskimonojendor:
Laws of demand and supply.

Far from it. Coat of living is very high in Nigeria

The rule is that stay in a house that your three months salary can pay the annual rent.

Things will never get better,cut your cloth according to your size.

Most of the house rent problem are cause by all this people call[b] AGENT[/b]

Na them dey tell landlord what price to put.


Agent of a thing needs to stop especially here in Lagos

The thing is really frustrating.

ATEAMS:
No try Abuja....

U go cry .

Leave them make they just de play.

It's just getting started o. Sometimes, I wonder how the upcoming generation will 'breathe'.

Around Sangotedo area where I currently stay (Close to BLENCO), a decent Room & Parlour self contain used to be 450K-500K per annum. Now, it's around 650K-700K. 2 bedroom flat then used to be 700K-750K, it's now 900K-1M.

I had a quarrel with my landlord late last year about the Compound Gate & pumping machine. Baba dey threaten me with Quit Notice. Meself dey shout for am sey I no send. After scouting for houses nearby and hearing the price, na me use my two leg go make peace. It's now I know why the other tennants have remained loyal.

Lagos landlord no be anybody mate.
May God help me to finish my house too this year, I don tire to dey pay rent and still dey act humble.

Ok

Why should they not be blamed
Building materials you said
Is the house newly built or was there a major maintenance that require extra money
We all need to stop blaming the government rather than we punishing ourselves.

Sonnobax15:

Should we blame the landlords?

Hell no!!! You can't blame them when cost of building materials is steadily increasing...

Reminds me of 2022 when I paraded some yahoo boys who were looking for a 2-bed room apartment....We finally got to find one and the landlord pinned the house rent down to #850k yearly.....I almost OFF that moment......Money wey dem take buy keke carry give me as higher purchase nai these boys wan splash throway just like that,that was the thought that was running in my mind . The landlord was even saying his own was the cheapest in the area . Like WTF....... Y'all need to see the kind bad eye wey I take look am like say na me get the money

Omoh,I like where I dey right now abeg......Very cheap, peaceful,water dey,well tiled and pvc ceiling . And most importantly,fine bannies come still surround me join as a bonus

spartachico:
A conducive 2 bedroom flat, in a serene street/ environment in Abule egba and its environs ,starts from 700k and even at that 700k just buy student foam put inside the rooms because if you dey think of 6X6 mattress omo na to open door jump on bed and from bed jump enter toilet cus no space at all, so if you want better spacious apartment ,get ready to splash 1M TO 2M.


Mo wi re abi mio wi re.

you are very right ooooooooo,

before I was able to see 300k yearly payment uhmm
my eyes see shege ooooo

Total Package 480k

Lagos agent no get Joy

Agbado boys have cried tyre, E ma kpa mi naw .

Sonnobax15:

Should we blame the landlords?

Hell no!!! You can't blame them when cost of building materials is steadily increasing...

Reminds me of 2022 when I paraded some yahoo boys who were looking for a 2-bed room apartment....We finally got to find one and the landlord pinned the house rent down to #850k yearly.....I almost OFF that moment......Money wey dem take buy keke carry give me as higher purchase nai these boys wan splash throway just like that,that was the thought that was running in my mind . The landlord was even saying his own was the cheapest in the area . Like WTF....... Y'all need to see the kind bad eye wey I take look am like say na me get the money

Omoh,I like where I dey right now abeg......Very cheap, peaceful,water dey,well tiled and pvc ceiling . And most importantly,fine bannies come still surround me join as a bonus

It's not because of the increase in building materials. Most of these houses were built 5 to 10 years ago.

Earthquakes:
Once you build your own
You can decide to lease it out for free.

But by the way Nigeria has the cheapest house rent in the world, my one month rent in Canada is my 3 yrs rent in PH.

But yes you can always find a way to make the money unlike in Nigeria.

Stop converting your earnings to Naira to feel good.

Are you really sure you are making that much there

I prefer to live in ogun or oyo than lagos..

Nazgul:

170-300k for 2 bedroom flat in Nigeria?

Wake up bro, we're 2024 not 2014.

You won't even see a standard 2bedroom flat for 300k in Abakaliki sef.

E still dey
Eg Edo.

Nijimog:
Renting house has become a big issue for low income earners in the country.

Landlords on their part are not helping issues, they are just increasing rent at any slightest inflation being conveyed.

E sure me say a lot of people go reach village this year, the way things are going

1) To the elders with experience, how do u navigate or cope

2) Where in Lagos can an individual rent a good house(with good light and good water facility)

3) like how much an individual need to get a good house in Lagos or any state in naija

Some of us are just managing

This life is not 4 the weak

Suggestions, criticism are welcomed...

Mods put the post in the right section

Your write up contradicts the heading

A good 1 bed room flat/apartment with POP, standard kitchen cabinet, wardrobe currently goes for 500,000, excluding agent fee, caution fee, utility fee, legal fees o.

Agents in Nigeria are crazy. See the different fees one has to pay in addition to the actual amount. They will just come up with different fees. Is that not greediness?

I need a Christian room mate preferably a lady in Lagos..it's a room and parlour self con. When I go to work,I stay away for like 3 months...well I'm still thinking about it thougj

MaziX:
I prefer to live in ogun or oyo than lagos..

no loud am let them keep suffering in lagos.

Nazgul:

170-300k for 2 bedroom flat in Nigeria?

Wake up bro, we're 2024 not 2014.

You won't even see a standard 2bedroom flat for 300k in Abakaliki sef.

You don't mean it

Even with all those 2 deck, 3 deck and 4 deck buildings wey full that side

coputa:
The rule is that stay in a house that your three months salary can pay the annual rent.

Things will never get better,cut your cloth according to your size.

this is even too much. Won't you feed, cloth and meet other exigencies, yet save for the unpredictable?

JasonNOTStatham:
Depends on location (school area, rural and suburban seems doable)

Bedsitter 70-150K +

1 BR 90 - 180K +

2 BR 170- 300K +

Still... minimum wage (35K) won't be feasible for rent in solid 6 figures.

2-bedroom flat for how much?!!

In what village or urban city?!!

At this rate, some salary earners go start sleeping under bridges and sharing bus stops with area boys.

Nijimog:
Renting house has become a big issue for low income earners in the country.

Landlords on their part are not helping issues, they are just increasing rent at any slightest inflation being conveyed.

E sure me say a lot of people go reach village this year, the way things are going

1) To the elders with experience, how do u navigate or cope

2) Where in Lagos can an individual rent a good house(with good light and good water facility)

3) like how much an individual need to get a good house in Lagos or any state in naija

Some of us are just managing

This life is not 4 the weak

Suggestions, criticism are welcomed...

Mods put the post in the right section

Come to the mainland. From Egbeda down to LASU. There are good houses with good electricity and good water. If you are looking at Surulere to the Island, you are on your own.

Ibrahimmantu79:
which area abeg?

.


What about landlord wey don build him own finish since ten years ago

ednut1:
In 2012 a relative built a house for rent at ikotun axis. One bedroom was 200k and two bedroom was 250k. when i visited 9ja last she said its now 750k and 800k respectively . I was like wtf

People are no longer building new houses unlike before, so there's increased demand on already existing properties

adisacool:
Why should they not be blamed
Building materials you said
Is the house newly built or was there a major maintenance that require extra money
We all need to stop blaming the government rather than we punishing ourselves.

I blame the govt. Housing shouldn't be in the hands of private sector alone, hence it's subject to abuse. Whr are the govt estates?

Earthquakes:
Once you build your own
You can decide to lease it out for free.

But by the way Nigeria has the cheapest house rent in the world, my one month rent in Canada is my 3 yrs rent in PH.

But yes you can always find a way to make the money unlike in Nigeria.

I read in the news yesterday that Canada is about to start putting a cap on student visas that it will be issuing due to scarcity of housing. Scarcity of houses is driving up rent cost.

https://www.wionews.com/world/canada-considers-cap-on-international-students-amid-housing-crisis-679869

Earthquakes:
Once you build your own
You can decide to lease it out for free.

But by the way Nigeria has the cheapest house rent in the world, my one month rent in Canada is my 3 yrs rent in PH.

But yes you can always find a way to make the money unlike in Nigeria.

Cheapest for dollar/Euro/Pounds earners. Majority of Nigerians are earning in naira.

GasAndOilTheory:

Far from it.
Coat of living is very high in Nigeria

I guess Inflation and greed is also part of it.

Mandate1:
I blame the govt. Housing shouldn't be in the hands of private sector alone, hence it's subject to abuse. Whr are the govt estates?

Govt has built some low cost housing estates but they End up being hijacked and sold by "cabals" in govt.

sexiestharam:

Come to the mainland. From Egbeda down to LASU. There are good houses with good electricity and good water. If you are looking at Surulere to the Island, you are on your own.

what area in egbeda has good light and water

Because most agent lie a lot about getting good houses for somebody, just to collect your money

Paid for my house rent in Ibafo for room and parlour self contain for , total package 280 felt like a steal they pursued me from Lagos A single bedroom self contain 350k total package 480k 2x2 room o wit not running water