kingcjay:
Someone cannot live in Abuja in peace again. It's either bandit, one chance, agboro or house rent breathing down your neck.
Na Japa dey my mind.

jmoore:

Story! Do you know what is inflation?
Is the cost of rice today same as 11 years ago?

Procashtips:


And is the inflation affecting houses built 20yrs ago?

A house with olden days amenities trying to collect same rent with those with recent/modem amenities.

Greed is going to make you guys have tenants who won't pay you a year after.

You're already complaining from your previous comments about tenants owing you not knowing it's because of how you guys keep increasing rent even though the building aren't worth the amount.

Is the salary of the tenants not affected by the same inflation and is their salaries being increased in proportion to how you guys increase rent?

Imagine 2 bedroom on the mainland averaging 1m-1.5m annually.

Nazgul:

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.

morgan100:
Recently my family and I moved to Abuja and getting accommodation has been a serious issue. Not that there is no accommodation, however, the cost is something else. We tried Orozo, a good one-bedroom flat goes for 400k, total package over 500k, which is very high for a one bedroom flat in such location. We tried one-man-village after Maraba going to Masaka, same story. My budget was even 250 to 300k.

Houses plenty for orozo na

Omo, I am frustrated already.

Funny enough, the houses that can go for 300k won't have running water, ancient houses that you will have to spend money on to renovate.

And you see those Abuja agents, most of them will have a special place in hell. They have shown me shege.

Up until now, we have not been able to secure an apartment.

kpaofame:

which area in Ibadan?

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

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.

chccho:
If u feel house rent here is too high u can try UK, USA, South Africa

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.

Paraman:
Have you consider their minimum wage compared to that of Nigeria too?

Mcslize:


These rents you posted will only be feasible for old houses. A standard bed sitter with POP, standard kitchen cabinet, heater and wardrobe, you won't even see it for 250k.

There was 1 spacious 1 bed room flat somebody posted in one WhatsApp group I am in. It goes for 620k including every other fees. Actual rent was 450k.

The apartment is fine though. So, it's worth it. But those fees up there, can only be possible for old houses with those old asbestos ceilings.

jmoore:

When you build your own, you will understand.
Old houses even get space. The new houses are like cages. Baby no go even space to crawl.
Once again, you don't know what is inflation. Is the purchasing power of 1,000 naira today and 10 years ago the same thing?

ravensckar:
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.

Tooreda:




See nonsense comparison.

adubam:


Try Dagbana Jikwoyi. Good houses but a bit inside but far more closer than Orozo and better than Maraba, One-man-village in terms of traffice flow

jmoore:

When you build your own, you will understand.
Old houses even get space. The new houses are like cages. Baby no go even see space to crawl.
Once again, you don't know what is inflation. Is the purchasing power of 1,000 naira today and 10 years ago the same thing?

Jeboy:
But he is right now.

My wife's rent per month in Canada is almost my two years rent in Lagos.

The problem is not the rent but our earning power. In Canada shared room apartment can go for like 600 CAD to 800 CAD per month that's like 600k to 800k per month but u can also get a very easy job in a farm where you can earn 160 CAD to 200 CAD (about 160k to 200k) per day.

So the problem is earning power. Reason they say Nigeria is the poverty capital of the world.

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.

Mcslize:


Which Edo? All those old Edo houses right? Edo people that don't like building good houses for tenants to rent. It's recently some persons have started building modern standard houses that come with basic features like POP, kitchen cabinet and wardrobe. Old houses full Edo.

Procashtips:


Not when, I'm not talking from the outside, so die the "when you build your own mantra".

I won't rent out my house built when cement is selling for ₦4500 at ₦1.2m for 3 bed per year with all modern facilities only for olden days houses to want to be collecting same rate with me.

This is what is causing the almost constant increase in rent.
Old houses that bought cement for less than ₦1500 trying to collect same rate with those who bought for ₦5k+.

I'm not talking about developer's prisons they call modern houses. I'm talking about 15 by 13 living room, 12 by 12 bedrooms.

Telling me I don't know inflation is like telling a swimmer be doesn't know how to hold his breathe.

Inflation got nothing to do with old houses that hardly upgrade their facilities to modern ones trying to collect same rate with modem houses.

gerizzim:
seems it's all ova Lagos landlords increase their huz rent. Increment in rent is normal bt the top up most of dis huz owners add is crazy and aside this ,some wil increase your rent few yrs after you packed in.
Imagine a huz owner increasing huz rent 2years after the person moved in and also telling the person to pay to construct borehole in the compound. Not that the borehole money will be deducted from his NXT yr rent.

I was forced to get a land and start building when my landlord increased my rent by 60% . and it will keep on increasing. I had to give my sef sense quick.
ThankGod, the project have started.

DonFreshmoney:


Was it a one bed or 2 bed apartments..

Bizibi:
two bedroom apartment,my problem is the environment,the price should be less.

Nazgul:

Where in Abakaliki do you reside?

150k for 2 bedroom flat in Abakaliki.

How much is self con at presco, and how much would 1 bedroom flat be?

Sufry de lie abeg.

koladebrainiac:
its just 4 hundred naira go -come for my tfare, e no far from my house

morgan100:
Recently my family and I moved to Abuja and getting accommodation has been a serious issue. Not that there is no accommodation, however, the cost is something else. We tried Orozo, a good one-bedroom flat goes for 400k, total package over 500k, which is very high for a one bedroom flat in such location. We tried one-man-village after Maraba going to Masaka, same story. My budget was even 250 to 300k.

Omo, I am frustrated already.

Funny enough, the houses that can go for 300k won't have running water, ancient houses that you will have to spend money on to renovate.

And you see those Abuja agents, most of them will have a special place in hell. They have shown me shege.

Up until now, we have not been able to secure an apartment.