Comments on naijablog: From Mayfair to Maitama...

someone having a laugh! 36 big ones for a place in...

2008-09-17T06:58:00.000+01:00

someone having a laugh! 36 big ones for a place in Abuja, someone better be kidding me. Still....prices are most times fixed on demand.

With that kind of money, I wont even consider rent...

2008-09-10T16:30:00.000+01:00

With that kind of money, I wont even consider renting. In London, I'll buy outright because it'll work out cheaper in the long run. In Abuja, I'd build a number of investment properties. Then if I have to live in Abuja I'd live in the most comfortable of the investment properties and sell the others, making a tidy profit in the process. Or perhaps I'll put them up for rent to Abuja expats who perhaps have too much money and dont know what to do with it..

In Abuja, what you have are shoddy homes with poor...

2008-09-09T18:28:00.000+01:00

In Abuja, what you have are shoddy homes with poor workmanship. Shoddy construction due to poor design, poor components and poor workmanship.
If you want quality, its much prudent to build.
Most of the so called Maitama/Asokoro mansions are mediocre - they come with a baggage of issues...the least of the issues are faulty doors, kitchen with bent range hoods, toilets without towel holders or toilet paper holders etc.

These houses are lived in by expats man... You are...

2008-09-09T17:06:00.000+01:00

These houses are lived in by expats man... You are the targets for this kind of thing and that is why you will only see it on the expat email list and not general email list. Trust me, your folks rent them!!!!

Expensive

2008-09-09T13:48:00.000+01:00

Expensive

When I first went to Lagos and stayed at my Dad's ...

2008-09-09T12:39:00.000+01:00

When I first went to Lagos and stayed at my Dad's place (which was nothing great believe me, it was in Yaba), he told us, that he had to pay 3 years rent in advance. I was thinking how outrageous is that, I've stayed in rented accommodation in different towns in different countries and nowhere have I encountered such an unreasonable demand.

I think Nigeria is a case where market forces have got out of hand much like the tornadoes that are striking the Caribbean and the parts of the US. It's ridiculous (how can things be so lobsided that the landlord is allowed go get away with anything? That is just plain undisguised GREED!), but in a place where law and order have slipped into a prolonged coma, what can you expect?

As regards the choice of property to buy, (if I had the money, which I don't), I'd go for the UK (no question).

Dammmmmmmmmmmmmmmmn.I am in shock. Whatttttttttttt...

2008-09-09T11:45:00.000+01:00

Dammmmmmmmmmmmmmmmn.

I am in shock. Whattttttttttttttttttttttttt? all that for a house that isn't yours? You are better off buying a land and building your own damn house. A nice bungalow, with the exact standard you want.

Ehhhh, I am guessing land prices there are even more ridiculous?

I thank God say I no wan live for Lagos or Abuja, na me and my village get am.

Una, ndo oh.

The Benjamin na $100 bill so 300,000 benjamins na ...

2008-09-09T09:13:00.000+01:00

The Benjamin na $100 bill so 300,000 benjamins na $30M!

signed Mister 2 know

Oh yeh forgot about generators...that what happens...

2008-09-09T08:28:00.000+01:00

Oh yeh forgot about generators...
that what happens when u grow up in europe !

Wel, you can complain about it ? Or try and do something.

You answered your own question about who can affor...

2008-09-09T07:37:00.000+01:00

You answered your own question about who can afford it - Abuja Expats. Or rather their oil, gas, or telecoms companies.

If you think Maitama prices are high, check the web for Ikoyi prices!!

We scraped all we can to buy a house in the less fashionable part of Ikoyi (SW) LAST YEAR for 60million (mortgage, savings - no theft o!!). With massive renovations it is now worth 120 million and can command 100k dollars a year. How ridiculous is that?

The house is now too expensive for us to live in so we are looking for Lagos expats who will happily pay 5years upfront.

Foreign companies and thieving government officials have driven house prices to ridiculous heights in sought after areas. No different from anywhere else in the world - only Regents Park looks and sounds a heck of a lot nicer and won't need a generator!

None of the above, Ijebuman's mansions is enough f...

2008-09-09T07:20:00.000+01:00

None of the above, Ijebuman's mansions is enough for me lol. It sounds like a 'piss take', 36 million naira payable in advance, wtf, may be the price includes the cost of putting diesel in the Generator provided....

London is expensive mate ? I dont get it are u say...

2008-09-09T01:00:00.000+01:00

London is expensive mate ? I dont get it are u saying London is cheaper than Abuja ? :-s I live in a house like that in Abuja. But yeh u pay a hell of a lot of money for it ! And we are not paying it's the commision.

anyway i just stopped to look and leave a comment