Following the excessive price of dwelling and constructing supplies throughout the nation, renting homes in Abuja, Nigeria’s capital metropolis has turn into virtually not possible for wage earners.
Prior to now, self-contain flats often known as studio flats goes for, between N400,000 to N600,000, in selection areas of town.
Nonetheless, issues took a drastic flip following the rising inflation, {economic} hardship and excessive price of dwelling.
At the moment, a fundamental studio condo now goes for as excessive as N1.5 miilion to N2 million within the FCT.
Talking on the growing hire, residents of the FCT who used to stay in selection areas of town are actually relocating to a number of the suburbs.
As an example, in Utako, a resident who spoke to Politics Nigeria beneath anonymity mentioned her landlord has simply elevated her hire from N700,000 to N1,200,000 – an quantity she clearly can’t afford.
She additionally informed this newspaper that she has plans to begin scouting for homes in locations like Karu, Kubwa or Lugbe after her intensive seek for a brand new place.
Additionally one other resident of Mabushi mentioned she had needed to maneuver from her present condo, a self-contain, to one thing newer and completely different however costs have stored her again.
“See, I’m bored with this place. I hoped to get one thing newer, a change of setting and probably meet new individuals.
“I’m at the moment paying N750,000 in my one-bedroom flat however since I’ve been home looking, all I’ve been seeing is outrageous. N1.5 million, N2 million, I even noticed one for N2.5 million, for a self-contain,” Chika lamented.
She additionally blamed a number of the landlords for his or her greed and the lack for a regulation company within the FCT.
Nonetheless, talking on the skyrocketing hire within the metropolis, a landlord, Festus Onuoha mentioned one can hardly blame anybody who will increase the hire of their properties.
Onuoha mentioned the costs of constructing supplies are on the excessive with cement going for over N9,000 in some locations.
He mentioned, “Virtually all of the constructing supplies, inside fittings are imported and value like over 150 % from the initials costs.”
“So you actually can’t blame the landlords,” he mentioned.
When queried concerning the growing hire for outdated buildings, Onuoha mentioned the price of sustaining these buildings prices a fortune too with the excessive price of constructing supplies.
He additionally blamed the rising inflation and excessive price of dwelling for the rise in hire.