Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,235 members, 7,818,786 topics. Date: Monday, 06 May 2024 at 03:23 AM |
Nairaland Forum / Nairaland / General / Properties / House Rent In This Country Is Nothing To Write About (32861 Views)
3 Things To Do When Landlord Increases Your House Rent In Nigeria / Get Quick Loan To Pay House Rent From Page Financials / How Do I Increase My House Rent (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)
Re: House Rent In This Country Is Nothing To Write About by Nice2023(m): 4:42pm On Jan 16 |
Earthquakes: Sometimes I wonder how u guys compare Nigeria with Canada. Do we spend Canadian dollar here or are u spending same naira in Canada? 10 Likes 4 Shares |
Re: House Rent In This Country Is Nothing To Write About by RUKKYPRINCESS: 4:43pm On Jan 16 |
Earthquakes: Yes ooooo, i just got a 1 bedroom apartment in Ontario Waterloo where i live, for 1720 Cad That is about 1.6m naira a month, excluding hydro E no easy anywhere my people 4 Likes |
Re: House Rent In This Country Is Nothing To Write About by ceejay80s(m): 4:46pm On Jan 16 |
Flier:House wey person build since 2001 wetin concern the landlord with increase in materials, na every day he dey build the same house on same spot? 6 Likes |
Re: House Rent In This Country Is Nothing To Write About by bilangha(m): 4:47pm On Jan 16 |
The cost of building materials in this country is nothing to write home about |
Re: House Rent In This Country Is Nothing To Write About by InvertedHammer: 4:48pm On Jan 16 |
ednut1: / 2 bedroom in 2012 = 250,000/ 164 = $1,524 2 bedroom in 2024 = N800,000 / 1260 = $634 Now imagine how much depreciation your relative is eating if she is abroad and invested in Nigeria. If she took a loan from a bank abroad to build, she is really f..ked! / 1 Like |
Re: House Rent In This Country Is Nothing To Write About by Bobloco: 4:49pm On Jan 16 |
Nazgul: You don't mean it |
Re: House Rent In This Country Is Nothing To Write About by Rollzgold(m): 4:49pm On Jan 16 |
[quote author=Sonnobax15 post=127965013] 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 :drop location |
Re: House Rent In This Country Is Nothing To Write About by Olaasunky1: 4:51pm On Jan 16 |
Sonnobax15:this is what I hate to hear, cost of building materials? Even houses they av built like 15 to 20 to 25years ago, they are increasing the rent and they will still say cost of building materials. It is well o. The wickedness we are showing ourselves are more than the ones govts are showing us. 3 Likes |
Re: House Rent In This Country Is Nothing To Write About by tunde1200(m): 4:54pm On Jan 16 |
Flier: You are right What I used to build my house I'm lagos can not be realised in 20years come. Yet so many tenants are a nightmare due to there attitudes. 1 Like |
Re: House Rent In This Country Is Nothing To Write About by kpaofame: 4:57pm On Jan 16 |
Irupetepete:which area in Ibadan? 1 Like |
Re: House Rent In This Country Is Nothing To Write About by strenghtt: 4:57pm On Jan 16 |
jmoore: Or petrol |
Re: House Rent In This Country Is Nothing To Write About by ednut1(m): 4:58pm On Jan 16 |
InvertedHammer:capital appreciation nko . Cost about 12m to build the house then. Today na like 45m o Update- I just went to do the calculations using the figures i put up there. Value of house don reduce by half hahahahah 2 Likes |
Re: House Rent In This Country Is Nothing To Write About by Omoapena(m): 4:59pm On Jan 16 |
JasonNOTStatham: Pretty sure this isn't Lagos. |
Re: House Rent In This Country Is Nothing To Write About by Omoapena(m): 5:01pm On Jan 16 |
HeatSeeker: 700k is even scarce in somolu, I saw one recently for 800k, both sitting room & bedroom can't even contain 6by6 bedframe and they want to collect 800k a year. |
Re: House Rent In This Country Is Nothing To Write About by Omoapena(m): 5:03pm On Jan 16 |
Goodnewsforlife: Where are you people even seeing this ones, in Lagos here, any rent that is 300k Total package will be 550k. |
Re: House Rent In This Country Is Nothing To Write About by JasonSleek(m): 5:06pm On Jan 16 |
Maybe you're right. Caretaker is the owner's daughter, and I'd met with her directly. Mcslize: |
Re: House Rent In This Country Is Nothing To Write About by Omoapena(m): 5:08pm On Jan 16 |
Flier: Lolz That's because you factor cost of land into the cost of building the house, just the building alone, you will make the money in 10yearz, if you doubting it, ask developers that are building houses for people that can't afford to, while they will use it for 20years maximum, if they aren't making money from it, will they be building it? |
Re: House Rent In This Country Is Nothing To Write About by Bizibi(m): 5:10pm On Jan 16 |
Abuja is the worst,saw two apartments at kugbo mechanic for 1.4m and 1.5m I just shook my head. Why such a ridiculous rent on a bad road. 1 Like |
Re: House Rent In This Country Is Nothing To Write About by Omoapena(m): 5:12pm On Jan 16 |
ravensckar: 🤣🤣🤣🤣 |
Re: House Rent In This Country Is Nothing To Write About by babestella: 5:18pm On Jan 16 |
Earthquakes: We are talking about Nigeria, you are talking about Canada, what is wrong with some of you sef? Do Nigerians earn is US/Canadian dollars? If we earn in US dollars, then we can also be paying up to $800 to $2000 per month for an apartment. I know a friend who earns $4600 monthly and his monthly rent alone is $1200. So, stop this baseless comparison. 5 Likes |
Re: House Rent In This Country Is Nothing To Write About by IamAtAnger: 5:23pm On Jan 16 |
Why you no build ur own that 2001?... becos him no get other responsibilities to take care with this high cost we all dey face so abi ceejay80s: 4 Likes |
Re: House Rent In This Country Is Nothing To Write About by MasterTeeUSA: 5:28pm On Jan 16 |
Room and Parlor is about N350k to N500k in some parts of Ibadan. Be playing.... Materials are up and up...everyone blames forex, but it is all good. Landlords need to maintain, recoup the investment, and also pay for the same high prices of goods, foodstuff, PMS, and so on...so it makes sense to increase. Supply is down because fewer people are building houses to rent...most new builders now are either selling, doing AirBnB, or for personal use. Bad tenants are not helping matters as well. I am glad to have good tenants, and so I won't be increasing rents till next year. Room and Parlor - N200k becomes N250k, N250K becomes N300k plus service fees. 2 Bedroom Flats - N500k/N550k becomes N550k/N600k plus service fees My advice to tenants...you do not have to rent alone...You can rent Two Bedroom for N550k and share with someone...you can do the same for 3 bedrooms..rent for N700k and split the rent 3 ways...that is how it is done in sane countries...where 6 people live in the same house and share kitchen and restroom...you won't even share restrooms in Nigeria. This is the reality we are headed to. The days of renting and bringing in everyone from the village is almost over...maybe people will have less children now given this reality. My take Nazgul: 2 Likes 1 Share |
Re: House Rent In This Country Is Nothing To Write About by akpumping7720(m): 5:34pm On Jan 16 |
ednut1:Yea. That's true. I grew up in ikotun. Accommodations are expensive now especially if it's close to the road. |
Re: House Rent In This Country Is Nothing To Write About by AfonjaScud: 5:37pm On Jan 16 |
spartachico: O wii re. 1 Like |
Re: House Rent In This Country Is Nothing To Write About by DonFreshmoney(m): 5:38pm On Jan 16 |
Bizibi: Was it a one bed or 2 bed apartments.. |
Re: House Rent In This Country Is Nothing To Write About by chccho(m): 5:39pm On Jan 16 |
Timeshalltell:People still dont realize that rent in Nigeria is still one of the cheapest. Check other African countries sef not to talk of Europe, Nortg America or other advanced places. RENT IS NOT CHEAP ANYWHERE IN THE WORLD. if u wanna live like a human being u go pay better money |
Re: House Rent In This Country Is Nothing To Write About by Pinkybush: 5:40pm On Jan 16 |
To secure a good house in Nigeria, go to Akwa Ibom. The problem there is no jobs. Otherwise I wouldn't be here in Lagos. Face me I slap you in Oyingbo here is 300k including agent and commission. The worst is the person will be paying #100 everyday to toilet and bath. Whereas, in Akwa Ibom, a tenant will only pay 10% of the actual house rent with no commission whatever, plus good toilet and bathroom. Like this ehn...I dey find house, but houses are too expensive or let me say agent and commission are way too much. Even bigger than the house rent itself. |
Re: House Rent In This Country Is Nothing To Write About by Pinkybush: 5:42pm On Jan 16 |
chccho:Rent in Nigeria is cheap except in Lagos. |
Re: House Rent In This Country Is Nothing To Write About by temitope28(m): 5:53pm On Jan 16 |
There is a place called Bayeku in the Ikorodu area of Lagos, you can easily navigate to the island from there through the ferry. Rent is about 150- 180 per year for a standard room and parlor 1 Like |
Re: House Rent In This Country Is Nothing To Write About by wanze(m): 6:20pm On Jan 16 |
Everybody with their own, currently my family house 2 bedroom with water and light in mararaba nassarawa we dey give am for 150k why because the pathways is tight as the engineer messed up in building. The most painful part na the current tenant, repairs of over 100k just from nov 2023 till now becos of carelessness and if you talk na wahala. I dey wait for their rent to expire i go renovate the place, buy the opposite land for better passage and add the rent to recoup my expenses by God's grace. |
Re: House Rent In This Country Is Nothing To Write About by Nazgul: 6:25pm On Jan 16 |
Irupetepete:Una Sabi lie for this Nairaland Sha. A landlord would build a block of flats of 2 bedrooms each, ensuit, pvc, tiles, spacious kitchen...etc, and put his rent at 300k? How old are you sef, do you know the cost of building materials in the market? So the landlord wouldn't recoup his investment abi? How much then is self con and 1 bedroom flat? De play. |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)
Prices Of Doors In Nigeria / Ayhomes & Gardens. Sold Out / Multi-Storey Building Collapses In Garki, Abuja. 2 Persons Dead, 37 Injured
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66 |