Millennials And The Renting Culture

Let’s talk property, ladies and gentlemen. Frankly, how can we not discuss such a topic when the current economic state of Nigeria is carelessly depreciating and the “President” is nowhere to be found.

Property development is an integral part of a country's infrastructure – a life’s necessity one might add. Nigeria is a nation known globally for its rich culture, natural resources, energetic and vibrant people and, believe it or not, its vast residential properties. The real estate industry is continuously progressing in Nigeria, with wealthy investors exploring and committing to real estate marketing and investments despite the country’s forever fluctuating currency and the increase in inflation.

Increases in property prices and cost to build your own home has had no bigger an impact on a generation than that of the millennials. It is without a doubt that the selfie-obsessed Generation Y are consumed with easy and comfortable living, networking, and a relaxed way of life.

Why not? Don’t you think the previous generations have struggled and dealt with enough adversity that it is only right millennials live life to largest? Even if this means not being able to buy or build their own properties, all thanks to an inefficient government leaving young professionals stuck in the cycle of renting.

However, it’s not all doom and gloom. Though renting can be extortionate, especially in big cities, there’s always the more economical option of rent-share. When you think rent-share the possible memories of house-share with friends during university pop up. A brave decision, considering such a thing makes and breaks friendships.

Nonetheless, sharing a house or an apartment with strangers can be nervy, as you don’t really know what to expect. But when you consider the cheaper costs of rent sharing, those nerves tend to settle. To make renting easier and more economical, and ultimately life easier for millennials, recently an online rent-share platform has popped up on the real estate scene called Muster. This platform – a love child of Tinder and Airbnb – in my humble opinion, is ideal for young professionals looking to live and share an apartment or house with like-minded millennials, whether it be friends or complete strangers.

Overall, considering the unstable currency, economy, government and all the above, rent sharing might not be the worst decision you could make. After all, some find their soul mates through renting…or so I’ve heard.