What Renters Want
Nigerian renters are calling for respect and good reasons when it comes to rental increases and the ability to make their rental a
‘home’.

The ability to own a pet, hang artwork, place family photos, enjoy a good kitchen and nice neighbourhood are big on the wish list of Nigeria’s growing number of renters, according to Nigeria’s number one real estate website www.privateproperty.com.ng.

“Due to increasingly stressful housing affordability levels and a changing lifestyle where renting is
a preferred option by many, Nigerian cities are highly likely to follow major overseas city trends
where by the large majority of the population rents rather than purchases homes. Over 79% of
Nigerians are renting because they can’t afford a house and some even think the state of housing affordability in the country is really bsad.

“Nigeria has over 80% of the population that rent, and with this long-term trend, now evidenced
here, there will be greater pressure on landlords to provide ‘homes’ for singles, couples and
families, rather than just bricks and mortar. We believe tenants would love to
have some aspects of contractual rental agreements relaxed, so they can make a longer term
home. Having a good, long-term tenant will provide many benefits and ensure an investment with
a sound, reliable return,” says Taiwo Oluwafemi, MD/CEO privateproperty.com.ng.

About 85.4% of tenants in Nigeria want more information on how to personalise a rental
property to make it a home at their own cost without the need to involve a landlord or agent, says Taiwo Oluwafemi

Majority of tenants really what makes a home a ‘home’, things like:
- A good kitchen
- Ability to hang artwork
- Ability to have a pet
- Ability to display family photos
- A good amount of privacy

When it comes to rental increases, Nigerian tenants feel that it is always an unfair trend,
citing the following reasons:
“Increase not fair as basic maintenance not being done.”
“Rise comes amid on-going Economic problems!!”
“The increase is [after] only a matter of 6 months without any improvement on service, support & rental place.”
“Our latest rent increase was due to the fact that our landlord felt he needed more pay”

Top ten desires/issues from survey
1. Ability to personalise rental property to make it a longer term ‘home’
2. More flexibility to have pets
3. Rental price advertised and price promoted by inspection is often different
4. Pre-approval system completed by agents, so they don’t have to reapply every time
5. Renters would like agents, landlords to return phone calls more often
6. Renters don’t feel respected by agents

Posted on October 6, 2012

PROPERTY TIP ( bitt.onbile.com )
Hi, do you know that tenancy in a mega city is for foreigners who don't need landed properties.
Do you also know that mega city in other countries do not allow
1) single rooms or self contain and
2)flats are confirmed to a particular area at unified and costly rate.
Comfortably, you may be surviving payment of your house rent now. But Will you like to be a tenant forever? Come to think of your children will they suffer as you do in paying house rent? This is why i strongly recommend you purchase & develop your own landed property now. Remember, the only asset which does not diminish is land. Why not use this opportunity to visit our website ( bitt.onbile.com ) for a list of properties to suite you. Or you can come to our office @ suite a24 lasu road, lagos.
The following lands are available
1) sacred heart of Jesus estate agbowa (ikd) N450,000
2) Christ the King estate imota (caleb university) N350,000
3) immaculate conception, igbo-okuta(ikd)N550,000
4) plot of land with "c of o" at igando N3m
5)land with building up to lintel level at iyana sashi for N2.5M and many more.
6) 3 bedroom flat all room ensuite
half plot @ 5million space at back
7) Well improved 2 bedroom flat @ agege lane, dolphin estate, ikoyi (18m)
3 B/R flat ensuite + 1rm BQ (New & vacant) @ lekki phase 1 N45m
9) 4 B/R fully D/House ensuite + space for BQ @ crown estate ajah N40m
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Dont neglect this opportunity before it slips.

for Bitt Properties
08087887878