If House Rent In Lagos Is Regulated - These Would Happen
Автор: Meet The Property Guy
Загружено: 2025-08-17
Просмотров: 405
In Lagos, there is an online trend calling on Lagos govt to regulate rent in the city, tenants either attack agents, developers or blame Landlords.
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Thus, if rent is capped in Lagos and prices are regulated by Lagos government, how will the real estate sector and Lagos economy react?.
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Perharps, Lagosians assume that rent is just between Lanlords, agents and tenants, and they fail to have a wider overview of how rent in Lagos affects real estate in Lagos, consequently affecting construction in Lagos and the whole Lagos economy as a whole.
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Although, rent cap advocates declare shelter and housing as a human right and government responsibility, therefore, they clamour to the Lagos government to take charge and regulate rent pricing.
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However, 80% of tenanted homes or spaces in Lagos are private owned, which means they are privately built or bought by private funds, how is it now possible for the government to dictate to people who spent their own money to own a property on how much they should charge.
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