In Lagos, Nigeria, houses of different types and shapes have different rates and duration, but that largely depends on the environment and location. Consider $ 1 = N 150. To explain how rents are collected and where it is best to look for what kind of apartment, we tithe the houses and the rents in lakes Nigeria to houses on the mainland and houses on the island.
Lagos Nigeria is typically divided into two segments, namely the island which is home to much of the middle class and upper classes and the mainland which is home to a small segment of the upper class, the middle class and most of the upper class.
Houses on the mainland of Lagos Nigeria
Most of the houses on the continent are occupied exclusively by the lower class and most of them are unskilled labor. They are mainly made up of the face-to-face type of houses in which the apartments are rooms that could be occupied by families sometimes comprising up to 12 members. The lower middle class of Lagos Nigerian society often occupy apartment houses, such as self-contained, two-bedroom and three-bedroom apartments. The few middle-class people would opt for three-bedroom flats, bungalows, or duplexes. On the mainland, rents range from just N 30,000 a year to over N 3,000,000 ($ 200 to $ 20,000)
On the mainland, houses and rents are more expensive in Ikeja and Surulere. Most of the middle class on the mainland live in places like GRA, G Cappa Estate, Allen Avenue, Toyin Street, Opebi road for Ikeja and Alaka, Adeniran Ogunsanya, Eric Moore among others in Surulere. Generally speaking, self-contained apartments cost as little as $ 2,000 a year. Other flats, especially 3-bedroom ones, cost between $ 4,000 and more than $ 10,000 per year. Other places on the mainland where apartments are a bit expensive include Apapa, Ilupeju, Magodo, parts of Yaba, Ajao Estate, and Festac.
On the other hand, places where the poor and lower class abound mainly offer one-bedroom apartments on different floors with a single bathroom, kitchen, and bathroom catering to all tenants on that floor. Fees range from $ 200 to $ 500 per year.
Houses on the island of Lagos
With the exception of Epe, Obalende, Idumota and other slums, the mainland of Lagos is the exclusive preserve of the middle and upper class. Many of the people in this class are expats who are in Lagos, Nigeria, for business or pleasure. The options are very attractive but expensive. Luxury apartments can be found on Victoria Island, Ikoyi, Lekki Pennisular, and Ajah with rates ranging from $ 4,000 to more than $ 100,000 a year. Some expats prefer to stay in five-star hotels that also offer the same amount of luxury, except that they are more expensive.
Places like Adeola Odeku, Akin Adesola, Admiralty way and Victoria Garden City are places on Victoria Island and Ajah Extension that offer luxury apartments. Ikoyi also has a number of luxury apartments on offer at locations such as Banana Island, Park View, and coastal properties. Niger Towers is also another well-known luxury apartment building with hundreds of apartments on offer. With a budget of $ 80,000, you could buy a luxury 2- or 3-bedroom apartment if you are a high-end consumer.