Lifestyle
Nigerian states with highest house rents
The states with the highest house rents in Nigeria are:
- Lagos State
- Federal Capital Territory (FCT)
- Rivers State
Lagos State is the most populous state in Nigeria and the nation’s commercial capital, making it a highly desirable place to live.
The FCT is the seat of the Nigerian government and is home to many high-profile businesses and organizations.
Rivers State is a major oil-producing state and is home to the city of Port Harcourt, which is a major business hub.
Within these states, the most expensive areas to rent in are:
- Lagos State: Banana Island, Lekki, Victoria Island, Ikoyi
- FCT: Maitama, Asokoro, Jabi
- Rivers State: G.R.A. Phase 2, Trans Amadi, Old GRA
The average rent for a three-bedroom apartment in these areas can range from N3 million to N5 million per annum.
There are a number of factors that contribute to the high cost of rent in these states. These include:
- High population density
- Limited land availability
- Strong demand from expatriates and high-income earners
- Poor infrastructure and amenities in other parts of the country
Despite the high cost of rent, these states continue to attract people from all over Nigeria due to the opportunities they offer.
Disclaimer
The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.
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