Page 10 - urbanx

THE LAGOS CITY

REVERIE

There is a new report that says Lagos is one of the least affordable cities in the world for renters. According to
the guardian, the report was released by Rent Cafe, a property search website puts Lagos rent at $255

(N129,575) per month while the household income is $625 (N228,125) making the city the third behind
Manhattan, New York city with 59% and Mexico city with 60%. It is also identified the three lease cities as

vibrant urban hubs with thriving or emerging economies.
Price Water Corporation (PWC) opportunity report also lists Lagos at 28 position of 30 cities, having compiled a

list of the best cities in the world to live and work in. The ranking is as a result of an in-depth analysis of the
most prosperous global business, finance and culture capitals, which considers different factors from

infrastructure to intellectual capital, sustainability and ease of doing business.