The scarcity of housing in Nigeria has become a matter of growing concern. As with many other sectors in the country, some landlords have taken advantage of the situation by setting exorbitant rent prices.
In many cases, you’ll find nearly ten people queuing up to pay for a single apartment, not really because they all love the same place, but simply because they don’t want to be homeless. And as expected, only one person gets picked which is often times the highest bidder. It becomes a desperate auction, where your roof over your head goes to the one who can “pay the price,” often at an unfair cost.
Of course, basic economics teaches us that when demand exceeds supply, prices rise. And yes, building houses takes time. But does that justify pricing homes so high that they become inaccessible to the ones who are supposed to live in it?
In truth, many people aren’t entirely unable to afford a home, they’re just outbid. Ironically, the “price” you win comes at a hefty personal cost.
Sometimes I wonder: why do people keep paying so much in rent when they could use that money to own a home? I choose to believe it’s due to a lack of awareness, not of the problem, but of the available solutions.
This is why SED Properties, in partnership with the Oyo State Government, has introduced an affordable housing plan, The ÌRÈTÍ Residence, located in the heart of Ibadan.
With prices ranging from ₦35 million for a 2-bedroom bungalow to ₦42 million for a 3-bedroom bungalow, home ownership is now within reach. And the best part? You don’t have to pay everything at once you can start with as low as ₦5 million naira.
IRETI Residence offers:
A solid road network
Proximity to Gbagi Market and the popular Iwo Road
A short drive to the new international airport and many more places of importance and interest.
Peace of mind—no fear of demolitions or rent hikes
Say goodbye to exploitative landlords. Say hello to your own home.
Contact us today to learn more and take the first step toward owning your dream home.
