The Most Expensive Part of Renting Isn’t the Rent

Ask what renting costs and most people name the rent. But the rent is the visible part of a much larger bill.

The expensive, invisible parts

• Lost equity — years of payments that build nothing you own.
• Repeat fees — agent, agreement and commission charges, paid afresh every move.
• Rising rent — a cost that compounds upward every renewal.

Add them up and the headline rent is often the cheapest line in the whole arrangement.

What changes with ownership

Ownership ends the repeat fees, stops the annual increase, and turns payments into equity. RaffleProp's competitions are a route to that title deed starting at ₦2,500 — with the legal transfer costs covered for the winner.

A different way to reach property ownership

RaffleProp runs FCCPC-regulated promotional competitions for real property in Nigeria. Entry starts from ₦2,500, every property is independently valued by an NIESV firm, all funds sit in escrow at a named Nigerian bank, and the winner is selected in a live-streamed, independently witnessed draw.

And your entry value is always protected: if a campaign does not reach its minimum, your full participation value converts to Home Credit you can use on any future campaign. Browse live campaigns, see how it works, or join the waitlist to be first when the next property goes live.

RaffleProp is a promotional competition open to Nigerian residents aged 18 and over. Participation requires passing a skill assessment. Play responsibly.