Rent in Lagos

Getting an apartment for rent in Lagos state is quite a Hassle. Especially as a bachelor who wants to live alone. The Prices are outrageous and to make matters worse, Prices do not even level up to what you are getting.

As a young Man/Woman, making up your mind to leave your parents’ house wanting to live on your own could be quite tough. Having to make meals, do the laundry and chores without supervision like you are so used to. You must fend for yourself. At first, it is fun, you are happy to finally be away from all the nagging and finally getting your privacy is all Good till you are starving the whole day all because you do not have the capacity to create a proper meal timetable. You spend more on meals you could have easily had your mom make.

House hunting in Lagos is quite a chore as you are getting less quality for more of your money on an apartment. The Nigerian generally system generally does not provide for the needs of the youths Housing inclusive. Landlords increasing the house rent on grounds of renovation without doing any or paying attention to the pervious complains lodged by Tenants. Let us not even begin to talk about Housing agents who engage in corporate theft but can however not be blamed as everyone is trying to fend for themselves. Seeking to meet ends meet.

House Rents has increased between twenty five percent (25%) and forty five percent (45%) in populated states such as Lagos, Abuja Port Harcourt and even Ibadan. For example, a duplex of four-bedrooms that used to be let out for N4m to 4.5m now go for roughly six million to seven million per annum. House for rent prices could vary depending on the location. For instance, in Lagos. The prices on the island are almost triple the prices for the same houses on the mainland. Not really minding if the area is water lodged, safe or even healthy to live in as long as it is the Lagos Island, everyone wants to live there. Only to attain status quo. It is quite alarming.

Ex president of the International Real Estate Federation(FIABCI) Nigeria, Chief Kola Akomolede, who concurs to the alarming increase in rents across the major cities of Nigeria , particularly, in Lagos state said it was due to inflation of the devaluation of the naira note and also as a result of high cost of construction materials .The unstable rate of naira has made it difficult for people involved in both rental and construction businesses to flourish.

Some people  believe it is the sole responsibility of the government to make sure house rents do not go above the normal but what then do we do about those consumed by greed? Who go illegally overpricing and overcharging the masses? Finding an apartment these days is really about prayers at this point. Who to be trusted? Because you could even live in a house for months and not even be aware you have been scammed. Looking for an apartment in Lagos? Tough.