Poor housing development and planning strategy.

Mutemenot:
The owners aren't bothered cos they eat our yam at will. No serious investor would allow his property to be vacant for years

Exactly.

The houses were built from embezzled funds by politicians and senior civil servants.

A serious investor would want to recoup his capital and some profit and tgua won't set high prices

iHart:
They are building more estates while the ones that are already built are empty. If they place a heavy tax like 500k per month for every empty flat, every house will be occupied and price on the rent will drop drastically. People will even be begging you to come take their house.

Tax for unrented apartments?

What if they can't find tenants

Nigsrdumb:


Tax for unrented apartments?

What if they can't find tenants

Then they should bring the price very low or give out freely.Atleast it's stolen money.Or better still government should buy up the ones without tenants and hand it over to retired civil servants/pensioners.

nkwuocha1:
Lol...
And they are still building.
Many of this houses are owned by politicians with ZERO IQ.Thats why I pity our youth,UNA SUFFER NEVER START.When your politicians steal to build empty houses instead of factories and manufacturing companies,you should understand that your future is as USELESS as the 'p' in psychology.

Check from Apo,to Dutse,to Airport road,to Galadima axis,empty beautiful estates in their hundreds.

Igbo man go steal build plazas and estate.
Yoruba man go steal build and buy houses everywhere
Hausa man go build Estate,leave it empty for years WITH ZERO BUSINESS IDEA.


At the end of the day,EFCC go dey find yahoo boys feeding their families from ill gotten wealth.

If Nigeria was a piece of clothe, I'd pour some fuel on it and flick a lighted match over it.
The one wey dey vex me na Igbo people wey dey build Estate.ARE YOU MADDDDDDDD?!?!?!?I ask again,ARE YOU MADDDDDDDDDDDDFD?!?!?!?

MAD COUNTRY!

The EFCC is doing the right thing clipping these Yahoo boys

Ugosample:


The EFCC is doing the right thing clipping these Yahoo boys

Of course they are,leaving the sharks to go after small fishes.The rot starts from the head,cut it off first.

Racoon:
These houses are most likely to be proceeds of stolen monies.Yet the down trodden masses cant afford good accommodation in Nigeria.

If you can't afford no excuse

ikorodureporta:


Many completed estates in Abuja remain half or totally unoccupied despite improvements in the real estate sector and Nigeria’s economy in general, Daily Trust reports.

A week-long random survey of some districts in the city centre and on the outskirts of the Federal Capital Territory (FCT), Abuja, shows that as more estates are being built, some of the ones that have been completed are either yet to be occupied many years after their completion or are mostly half-empty.

Some of the districts surveyed are Jabi, Utako, Wuye, Gwarimpa, Kado and Karfe. On the outskirts of the city, Pyakasa, Sabon-Lugbe, Chika and Airport Road are homes to dozens of ongoing and completed estates.

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OVER 5,000 NIGERIAN MEN HAVE OVERCOME POOR BEDROOM PERFORMANCE SYNDROME DUE TO THIS BRILLIANT DISCOVERY

Inquiries made from agents, security personnel and the developers show that most of the estates in the central parts of the city were constructed and operated by private property developers, whereas ownership of those on the outer edges of Abuja are a mix of government agencies and private developers.

While units in some of these estates are being developed for outright sale, there are apartments available for rent.

Findings also show that some of the estates located within the centre of the city that are half-empty comprise units of between two to five detached and semi-detached duplexes, as well as terraced duplexes with Boys’ Quarters (BQ) and pent houses in some cases, while those on the outskirts are mostly bungalows of between two to four bedrooms.

At Jabi in Daki-Biu, the estates visited are Grandview Estate and Lakeview Homes, and Al-Gamji Garden Esate Phase II, Sady Lane Apartments and Istram in Wuye District were visited.

Mikasa Residences at KM 10 on Airport Road, Gold City Estate 2 and Penthouse Estate located at Pyakasa were also visited. BUA Estate, Kado, and ALD Estate at Gwarimpa were also surveyed. Dozens of estates located within the sampled districts which names could not be ascertained were also visited.

Our reporter observed that most of the houses in these estates are exquisitely planned, beautifully constructed and are spacious. Some of them are designed with modern taste. They have Plaster of Paris (POP) ceilings, interlocked compounds, choice fittings, as well as modern facilities. They also have ample parking spaces, amazing road networks and guaranteed security.

However, these elegant and classy houses lined with lush green lanes, fancy gardens and sophisticated finishing remain either half or completely empty.

The cost of a home in some of the estates; depending on the type, starts from N50m and some go for as high as N1bn.

Therefore, to rent an apartment in these estates, depending on the type and specification, prospective tenants pay from N1.5m to as much as N6m per annum.

Some of the estates on the outskirts also boast of same aesthetic and architectural masterpieces as the ones in the city centre, but their major challenges are access road and erratic power supply.

Our reporter visited Mikasa Residences at KM 10 along Airport Road and saw a large signboard announcing the African University of Science and Technology as its owner. Seven blocks of completed duplexes were counted and basic residential facilities like street lights and access roads have been completed.

However, the estate looked deserted, thick grasses compete with the fence and have begun to sprout on the interlocks, while reptiles like lizards roam freely within the compound.

Our reporter spent about 30 minutes at the gate of the estate but did not see any security guard. A notice with a phone number that read: “Please call security”, was displayed on the gate, but when the number was called the owner did not pick.

After a visit to the BUA estate located at Kado on the expressway close to Next Cash-n-Carry, our reporter gathered that the estate which consists of five-bedroom duplexes with BQs is almost empty as only a few houses have been occupied.

Rent in the estate goes for N6m per annum, but our reporter gathered that presently, the management of the estate is not renting out any longer as the houses are only for sale; with each going for about N180m.

At another estate in the Karfe District, after Gwarimpa, it was observed that most of the houses are empty, and according to a security man on ground who gave his name as Abdullahi, there are houses for rent which go for N5m for a 4-bedroom duplex and 2 BQs, while cost of sale is N170m.

At ALD Estate in Gwarinpa II, houses are available for rent and sale from displays on signboards. A duplex goes for N5m, while a 3-bedroom bungalow goes for N3million per annum for rent. The amount they place on the property for outright sale ranges from N170 to N200m.

Estate developers and housing experts in the country agree that the high number of unoccupied estates is a bad development and a cause for concern.

Speaking on reasons some estates in Abuja are empty, the President of Housing Development Advocacy Network (HDAN), Festus Adebayo, in a telephone interview with Daily Trust, said most of the houses are not within the affordability of those that need them.

Adebayo said, “Some of those houses are for money laundering. The owners have only put the prices that will prevent buyers from coming. Therefore, government must come up with heavy taxes on empty houses. The Department of Development Control must also be involved. At the point of giving building approval, there must be documents to sign for developers on the number of days that a building can remain unoccupied. We can’t be talking of housing deficit when a good number of houses are vacant. EFCC must be involved as well.”


source: https://www.dailytrust.com.ng/inside-abujas-empty-luxurious-estates.html

Nigeria and its numerous problems.

Op the trend is not just in Abuja, the same is prevalent in Lagos and port Harcourt.

Come to Ikoyi and Lekki there are countless numbers of unoccupied apartment and office buildings, what most developers have opted to do is to balkanize the duplex apartments and rent out each duplex to several people on per room basis with a central sitting room...In Port Harcourt, Odili road, GU Aki road and GRA you see several uninhabited buildings.

Person never see food chop na to go rent house N2M per annum. Issorite

Besides most of the empty apartments are due to relocation, a good measure of well to do families are leaving the country in droves they can't fathom the thought of raising their wards in a dysfunctional country like Nigeria .

This is not reasonable? You prefer they talk about laziness abi

SoftP:
seems nairaland moderators are presently out of reasonable news

MoIbrahim:
This is not reasonable? You prefer they talk about laziness abi

I guess he'll prefer more Tacha related news. Intellectually lazy Nigerian youth.

iHart:
They are building more estates while the ones that are already built are empty. If they place a heavy tax like 500k per month for every empty flat, every house will be occupied and price on the rent will drop drastically. People will even be begging you to come take their house.

A really nice idea I must say. If one defaults such taxes accumulates till it gets to the value of the property. At which point such properties are forfeited to relevant housing ministry. This nonsense will stop in no time if such tax reforms can be put in place.

Nigsrdumb:


Tax for unrented apartments?

What if they can't find tenants

No tenant in Abuja? Do you know the number of people that come to work from outside Abuja because they can't afford rents in the city? If they reduce the rents to about 500k per year, they will get excess tenants.

There's a lot to fight in this country. 50m for house rent can a legitimate business or civil servants afford that. This is food for Efcc but they will not do it.

misterjosh:


A really nice idea I must say. If one defaults such taxes accumulates till it gets to the value of the property. At which point such properties are forfeited to relevant housing ministry. This nonsense will stop in no time if such tax reforms can be put in place.

Exactly! ...at a point they forfeit the house.

nkwuocha1:
Lol...
And they are still building.
Many of this houses are owned by politicians with ZERO IQ other than stealing big.Thats why I pity our youth,UNA SUFFER NEVER START.When your politicians steal to build empty houses instead of factories and manufacturing companies,you should understand that your future is as USELESS as the 'p' in psychology.

Check from Apo,to Dutse,to Airport road,to Galadima axis,empty beautiful estates in their hundreds.

Igbo man go steal build plazas and estate.
Yoruba man go steal build and buy houses everywhere
Hausa man go build Estate,leave it empty for years WITH ZERO BUSINESS IDEA.


At the end of the day,EFCC go dey find yahoo boys feeding their families from ill gotten wealth.

If Nigeria was a piece of clothe, I'd pour some fuel on it and flick a lighted match over it.
The one wey dey vex me na Igbo people wey dey build Estate.ARE YOU MADDDDDDDD?!?!?!?I ask again,ARE YOU MADDDDDDDDDDDDFD?!?!?!?

MAD COUNTRY!

Some good sense in your comment even though you presented it in an abusive manner.


Nigeria need more factories, industries than empty estates and houses right now

Elrufai dey chief landlord of abuja

eTECTIV:
A very gud number of d estates in Abuja are uninhabited becos of their outrageous rents and price

Classic example of the economic phrase: bad money (ill gotten) chases out good money (honest earnings). The honest civil servants can't afford the rent of houses built with embezzled funds. The Abuja economy is not deep enough to sustain the rent demanded.

mimilogs:
Some good sense in your comment even though you presented it in an abusive manner.


Nigeria need more factories, industries than empty estates and houses right now

There's NOTHING gentlemanly about Nigeria.

nkwuocha1:


Of course they are,leaving the sharks to go after small fishes.The rot starts from the head,cut it off first.

those "small fishes" are causing Nigerian image to be damaged
by their stupid ways

I'm not one of those Nigerians who buy into that argument that hunger drives people into Yahoo

Ugosample:


those "small fishes" are causing Nigerian image to be damaged
by their stupid ways

I'm not one of those Nigerians who buy into that argument that hunger drives people into Yahoo

Naaa.Yahoo was just a recent vice in naija.Nigeria image from the onset was already bastardised by the worst kind of corruption in the history of man.What you see today as Yahoo,is the advance effect of a failed nation.

cum to lekki,vi,ikoyi,Ajah.U nor go fit close ur mouth.Inside thomas Estate, Ajiwe, u go see more dan 4 empty house dat belong to one ex senator John

With rents and sales that high then Rats, reptiles, birds, all kinds of insects will play hosts to such buildings since it will be affordable to them.

Greedy people

Nonsense bloggers inside abuja empty luxurious house

Nonsense bloggers inside abuja empty luxurious house

kkboy:
Greedy people

One would wonder why rents are outrageous in Abuja, the seat of government.... government stuffs are usually subsidized and considering that workers don’t even earn much in Nigeria but corruption has made houses something else in Abuja

GOFRONT:


I HEAR SAY NA DAVID MARK GET OCHACHO REAL HOMES??

ALL THIS IS VANITY UPON VANIYT......ALL EQUAL TO VANITY..

The ochocho guy na just front

nkwuocha1:


Naaa.Yahoo was just a recent vice in naija.Nigeria image from the onset was already bastardised by the worst kind of corruption in the history of man.What you see today as Yahoo,is the advance effect of a failed nation.

Nigeria is not the only country failing in this manner

but what makes citizens of say a Malawi less likely to commit crime than Nigerians?

It's the value system and greed that is to blame
plain and simple
elsewhere where they suffer failed govt
the people hustle anyhow he can to feed his family

but because the fundamental values of Nigeria is ruined, buried and finished
that is why we are having this


when Yahoo boy makes money

You see the dumb shit they do with it?

And you blame the country alone??

nkwuocha1:
Lol...
And they are still building.
Many of this houses are owned by politicians with ZERO IQ other than stealing big.Thats why I pity our youth,UNA SUFFER NEVER START.When your politicians steal to build empty houses instead of factories and manufacturing companies,you should understand that your future is as USELESS as the 'p' in psychology.

Check from Apo,to Dutse,to Airport road,to Galadima axis,empty beautiful estates in their hundreds.

Igbo man go steal build plazas and estate.Even the plazas are ALMOST USELESS.After the ground floor is occupied,that's the end.The rest becomes empty warehouses
Yoruba man go steal build and buy houses everywhere
Hausa man go build Estate,leave it empty for years WITH ZERO BUSINESS IDEA.


At the end of the day,EFCC go dey find yahoo boys feeding their families from ill gotten wealth.

If Nigeria was a piece of clothe, I'd pour some fuel on it and flick a lighted match over it.
The one wey dey vex me na Igbo people wey dey build Estate for Abuja.Who go buy the houses s it the bwaris or gbagis,whoARE YOU PEOPLE MADDDDDDDD?!?!?!?I ask again,ARE YOU MADDDDDDDDDDDDFD?!?!?!?

MAD COUNTRY!

Let the owners of the estates worry about it, when you get your own money then do what you like with it. The owners did not come crying to you for help.

Lol. Either nothing happens, OR the government puts taxes, and the owners pay the taxes. Do you think it'll affect them?