Is Nigeria’s doubling rental market pushing tenants out?
Landlords are also grappling with rising defaults and economic pressures
In Lagos, some tenants are starting the year with a harsh ultimatum; pay double your rent or move out.
With inflation at 34.8% and housing already consuming up to 60% of household income, many are struggling to keep up.
Meanwhile, landlords report 80% of their tenants are defaulting and investors are abandoning the buy-to-let market due to poor returns.
What’s driving this rental crisis and how is it impacting everyday Nigerians?
ÃÛÑ¿´«Ã½ Africa Daily’s Alan Kasujja spoke to ÃÛÑ¿´«Ã½ journalist Bisi Adebayo who’s been following the story and Deyo, a tenant in Lagos navigating the fallout first hand.
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Africa Daily
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