There is growing concerns over the continuous increase in house rents in major cities and towns across Anambra State, with modest two-bedroom apartments averaging N1.5m annually, far above rates of N250,000 annually just a few years ago.
The surging rents have created deepening and affordability crisis and squeezing thousands of households, across the state.
South-East PUNCH findings showed that the steady increase in rents highlights the deepening shelter crisis confronting thousands of residents in Anambra State.
From major urban centres of Awka to Onitsha and Nnewi to Ekwulobia, as well as other semi-urban centres such as Awada, Okpuno, Ifite, including urban-slum centres such as Okpoko, Mpkikpa and other semi-rural and rural areas, tenants are feeling the squeeze of rapidly escalating rents, despite the locations and proximities.
For instance, a newly-completed two-bedroom flat in highbrow areas like Awka and Onitsha, which went for N500,000 per annum in 2024 now goes for
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