2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens - Properties (3) - Nairaland
Nairaland Forum › Nairaland General › Properties › 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens (15711 Views)
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Mountbatten: 6:58pm On Oct 01, 2025 |
bazoodo:You were making sense till the remote worker bit. The fraction of Nigerians earning USD is negligible. What’s driving rent is demand vs limited options which realtors exploit. No reason a 2BD in Lagos should be 1.5M+ when most are old and below standard. Govt needs to step in with affordable housing. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Denko2721987(m): 6:58pm On Oct 01, 2025 |
Edoreborn:Exactly... |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by tnerro1(m): 7:23pm On Oct 01, 2025 |
This is Nigeria presently, where your past looks better than the future |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by ufotunang: 7:27pm On Oct 01, 2025 |
WELLWlSHER29:... and I thought the federal government said that inflation rate has gone down |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by yongg: 8:08pm On Oct 01, 2025*. Modified: 8:34pm On Oct 15, 2025 |
Lols, When the student is ready the teacher will appear. The markets and markets prices has been shoving data to your faces that your minimum wage now has to be between NGN700,000 to NGN1,300,000 but you guys be playing with your lives and destinies. Mind you that range is just minimum wage o, we are not even talking medium class. 2.5m annual rent will require one to be able to allocate 208,340 for rent monthly. The question is how many people get paid even that? How many civil servant rise up to the grade to be paid that amount? Now even if one were paid that amount, one wouldn't want to empty 100% of one salary on rent alone as it is not even feasible to do so. So if that is assumed to be 20% of one's take home, one will be required to earn x5 of that, i.e. 1.1m monthly According to your Finance ministry less than 5% of your assumed 238 million population even have at least 500k in their accounts, which translates to a measely 12 million -ish people, 😂, ha ha. Imagine only 12m people across the 37 states barely even have the chance to survive this, lols. Oh yes, meanwhile the population demand for 2 bedroom apartment in urban areas country wide is estimated to be at least 22.4 million. Meanwhile the remaining 210 million Nigerians enter village and deal with bandits. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Reloadedisraelp: 8:11pm On Oct 01, 2025 |
Keep praising dangota una eyes go clear by 2030..... High cost of cement + greedy landlord + greedy agent ,is = monkey dey work babu dy chop.....in fela voice u go suffer for nothing. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Julius1995(m): 8:49pm On Oct 01, 2025 |
🤣🤣🤣🤣🤣 080bjaked: |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by iichidodo: 10:12pm On Oct 01, 2025 |
[color=#1986BC] Situated in a serene and secured environment in APO, Abuja. The apartment comes with its own dedicated electricity metre (no sharing of NEPA bills with anybody) and pipe borne water supply (borehole). Price = 2.2M (can be renegotiated and reviewed by landlord ) Caution Fee= 5% Legal Fee= 5% Agent's fee=10%. You discuss directly with the landlord. If interested, call,text or Whatsapp 09125157491[/color]
|
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Omalicious1: 11:16pm On Oct 01, 2025 |
nlfpmod:How about the government starts building houses fornits residents? |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by smasher1(m): 7:05am On Oct 02, 2025 |
bazoodo:How many young people working remotely earning USD. You won't see 1 in a 100 youths. The reality is that we have people earning illegally but a few too. The issue is there is a housing deficit and so landlords keep increasing rent in an old house every two years or so. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by smasher1(m): 7:06am On Oct 02, 2025 |
080bjaked:So if you are married with one or more kids, you would stay in a smaller apartment? |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by bazoodo: 9:13am On Oct 02, 2025 |
smasher1:there are many young people working remotely these days earning USD. You just need to go out to know |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by 080bjaked(m): 9:31am On Oct 02, 2025 |
smasher1:You missed my point completely. The clue is in the picture ![]() |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 9:43am On Oct 02, 2025 |
nlfpmod:what was dollar What is dollar now |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 9:43am On Oct 02, 2025 |
press9jatv:has dollar reduced |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 9:45am On Oct 02, 2025 |
MuchAdo:greedy how. Why you no go build your own house if e easy |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 9:46am On Oct 02, 2025 |
CaptainJune:that's not how demand and supply works |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by press9jatv(m): 10:11am On Oct 02, 2025 |
Cromagnon:nope |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by GeneralOuki: 11:23am On Oct 02, 2025 |
mariovito:And on top of that, tax is coming next year. We will learn a lesson. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by GeneralOuki: 11:27am On Oct 02, 2025 |
080bjaked:Yes o. We should try and switch to trailer park housings ![]() |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by MuchAdo: 11:39am On Oct 02, 2025 |
Cromagnon:Government is not ready for greedy landlords yet. These are steps government can take to stem the tide. They can make LAWS that: 1. Establish a state house-for-rent agency 2. Stop landlords from renting houses to individuals directly 3. Force every landlord to register their rentable apartments with the state house for rent agency 3. Agree on a reasonable house rent with the landlords 4. Encourage house seeker to approach the agency for available apartments In summary, the government plays the role of House Agent and middleman between landlord and tenant. If any landlord rents out his out directly to anyone, he is on his own All this nonsense will stop. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 6:31pm On Oct 02, 2025 |
MuchAdo:Had any govt agency worked in 65yrs? 2. Stop landlords from renting houses to individuals directlyIs the house govt property Why will they stop them That is theft 3. Force every landlord to register their rentable apartments with the state house for rent agencyDidn't they register their c of I? 3. Agree on a reasonable house rent with the landlordsIs it govt that will determine price or demand and supply Again why you no build house with 100 natural them rent it for 1 naira since it's easy to agree to price 4. Encourage house seeker to approach the agency for available apartmentsHad govt ever been successful in running any business ever? If any landlord rents out his out directly to anyone, he is on his ownSo govt should size ppl property like a slave owner You get sense so? All this nonsense will stop.[quote][/quote] |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 6:31pm On Oct 02, 2025 |
press9jatv:so why will rent |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by MuchAdo: 8:12am On Oct 03, 2025 |
Cromagnon:Trash! Trash!! Trash!!! When the government is ready, it knows what to do. If no government agency works, I dare you to drive without papers in the afternoon. ![]() Shyluck, greedy landlords can be tamed easily. ![]() Housing is a critical sector of the economy that government must regulate. If you are not okay with it, keep your house to yourself... ![]() |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 9:59am On Oct 04, 2025 |
MuchAdo:when has govt ever worked Very simple question This is how you fail waec Shyluck, greedy landlords can be tamed easily.where has govt ever tamed landlords Do you even know where the word landlord comes from Housing is a critical sector of the economy that government must regulate.where has govt regulation ever worked You won't answer the question Shows your IQ level If you are not okay with it, keep your house to yourself...if they keep the house where will you get house to rent Think before you talk |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Mountbatten: 10:22am On Oct 04, 2025 |
MuchAdo:On paper this looks like a reasonable solution, but it won’t work. Too many government officials use real estate to launder money, and this would expose them. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Mountbatten: 10:25am On Oct 04, 2025 |
A temporary fix would be for the govt to mandate landlords to register rentals and enforce capped rent ranges based on location, age, and facilities. The permanent solution is affordable housing projects (alone or via PPPs). Hiking rents on substandard homes isn’t sustainable. |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Mountbatten: 12:31pm On Oct 05, 2025 |
iichidodo:This looks so disgusting |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by MuchAdo: 7:34am On Oct 06, 2025 |
Cromagnon:Seems you are have started speaking like a lhuunnertick I said dare drive your car without papers and see if government works or not ![]() For every greedy landlord there are several reasonable ones like mine ![]() Also. with government regulation in place, many will rather fall in line than 'eat their apartments ![]() |
| Re: 2-Bedroom Flats Hit ₦2.5M As Nigeria’s Rent Crisis Deepens by Cromagnon: 10:31pm On Oct 19, 2025 |
MuchAdo: You're the one changing goal post You didn't say anything about driving without papers How is extortion working for the you since you need it worked out like a child For every greedy landlord there are several reasonable ones like mine So why are you bothered by them since you're so many reasonable ones If you're right then nobody should even go to them since the reasonable ones own all the houses Also. with government regulation in place, many will rather fall in line than 'eat their apartmentsor not build and you wait in line (homeless)for govt apartments that will never come Critical thinking is key |
Nigeria’s Rent Crisis Deepens As Two-bedroom Flats Hit N2.5m • Inflation Drives Lagos Rent Crisis, Residents Forced To Move • FOR SALE 2bedroom Flat Just With 3 Toilets, 2bath, 3 To Share Compound 2.5m As • 2 • 3 • 4
See The New Outrageous Kano State Property Tax (pics) • Lady Shares Her Experience With Ibadan Agent While House Hunting (Photos/Video) • “₦2.5M Rent?” – Lady Blasts Benin Landlords In Viral Video


