News
5 Factors Beyond Your Control In Lagos Real Estate BY DENNIS ISONG
” Economic conditions, such as inflation, interest rates, and currency fluctuations, are beyond the control of individual investors but can significantly affect property values.”
Real estate investment is a complex venture that involves both strategic decision-making and an understanding of external factors that can significantly impact returns.
In this article, we will delve into five crucial factors that are likely to affect real estate investments in Lagos, Nigeria, factors that are beyond the control of the investor. Managing these elements is crucial for successful risk management and optimizing investment returns.
- • Infrastructure Developments:
One of the key factors beyond an investor’s control is the infrastructure development in a particular location. Government plans, such as the construction of expressways, roads, drainage systems, railways, or airports, can have a substantial impact on property values.
While positive developments can significantly increase property values, delays or changes in government plans can have negative effects.
Risk Management: Investors should thoroughly research the reputation of developers and assess their track record in delivering promised infrastructure. Diversifying investments across locations with different development plans can also help mitigate risks associated with infrastructure changes.
- ▪︎Economic Conditions and Policies:
Government policies and economic conditions play a crucial role in shaping the real estate landscape. Changes in policies, especially those related to the financial sector or real estate, can impact investments positively or negatively. Economic conditions, such as inflation, interest rates, and currency fluctuations, are beyond the control of individual investors but can significantly affect property values.
Risk Management: Diversifying investments across different states can help spread the risk associated with changes in economic conditions or policies in a particular region. Staying informed about government policies and economic indicators is essential for proactive risk management.
- ◇ Security and Neighborhood Dynamics:
The security of a location and the nature of its neighborhood are vital factors influencing real estate values. Classy neighborhoods often attract high-value investments, but changes in security conditions or neighborhood dynamics can alter the desirability of a location.
Risk Management: Researching the security history of an area and staying updated on any changes is essential. Additionally, investors can diversify their portfolio by investing in emerging locations that show potential for growth and desirability.
- ◇ Climate and Weather Conditions:
Global warming and unpredictable climate patterns can impact real estate investments. Flooding, changing rainfall patterns, and extreme weather events can affect property values. Investors need to be aware of the climate conditions in the areas they are considering for investment.
Risk Management: Investing in locations with good drainage systems and considering diversification across different climate zones in Lagos can help mitigate risks associated with climate and weather conditions.
- ◇ Migration Patterns:
The movement of people into or out of a particular area can significantly affect real estate investments. Increasing population density can drive up demand for both residential and commercial properties. However, excessive migration may result in a loss of serenity and desirability, prompting some investors to exit.
◇ Risk Management: Understanding migration patterns and investing in areas with a balanced mix of population growth and tranquility is essential. Diversifying across different types of locations can also help manage risks associated with migration.
Conclusion:
Real estate investment in Lagos, like any market, comes with its set of unpredictable elements. Investors need to carefully analyze and manage factors beyond their control to ensure the success and resilience of their portfolios. By diversifying investments, staying informed about market dynamics, and adopting proactive risk management strategies, investors can navigate the complexities of the Lagos real estate market with greater confidence.
▪︎Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
News
Kogi closes schools following hints of bandits attack
He commended the security agencies for providing timely intelligence and assured residents that authorities are working around the clock to identify and dismantle criminal hideouts across the state.
The Kogi State Government on Tuesday ordered the temporary closure of all schools across the state until February 16, saying a stitch in time, saves students, teachers, and school facilities.
The State’s Commissioner for Information and Communications, Kingsley Femi Fanwo, told journalists in Lokoja that the move was based on credible intelligence and was taken as a precautionary measure rather than out of fear.
” The government chose to act proactively to prevent potential threats and ensure the safety of everyone within the education system,” said Kingsley Femi Fanwo.
“Governor Ahmed Usman Ododo has directed all relevant agencies to immediately put in place the necessary measures to guarantee that schools resume as soon as it is safe, without disrupting the academic calendar,” Fanwo said.
He commended the security agencies for providing timely intelligence and assured residents that authorities are working around the clock to identify and dismantle criminal hideouts across the state.
News
Again, bandit kills more than 20 people in Katsina community
Faskari Local Government Area is one of the frontline communities that had earlier entered into a communal peace agreement with armed bandits, raising fresh concerns over the sustainability of the peace process in the area.
A fresh bandit attack today on Doma, a community in Faskari Local Government Area of Katsina State’s Southern Senatorial District has left more than 20 people dead.
The Chairman of Faskari Local Government Council, Bala Ado, who confirmed the incident via telephone confirmed that several others sustained varying degrees of injuries, while more than one hundred residents have been displaced
The attack lasted for nearly three hours, from about noon to 3 p.m. local time on Tuesday.
He added that burial arrangements for the victims are expected to take place on Wednesday.
Faskari Local Government Area is one of the frontline communities that had earlier entered into a communal peace agreement with armed bandits, raising fresh concerns over the sustainability of the peace process in the area.
…..Renames Printing Corporation After Dan Agbese, Grants Clemency to 14 Inmates.
Benue State Governor, Rev. Fr. Hyacinth Alia, has announced measures to honour the state’s founding figures and notable contributors as part of activities marking the Golden Jubilee of Benue State’s creation.In a statewide live broadcast delivered from Government House, Makurdi, on Tuesday, the governor declared plans to immortalise late General Murtala Muhammed, the military Head of State who created Benue State on February 3, 1976, alongside six other states.
Governor Alia emphasised the importance of recognising past heroes whose actions laid the foundation for future generations, stating that Gen. Murtala Muhammed deserved permanent commemoration for birthing the state during his brief but impactful leadership.
In a related gesture, the governor announced the renaming of the Benue Printing and Publishing Corporation to Dan Agbese Printing and Publishing Corporation, in honour of the late veteran journalist and media icon, Chief Dan Agbese.
He further indicated that several other distinguished indigenes—both living and deceased—would have legacy institutions named after them, including the late Wanteregh Paul Unongo, Elder Isaac Shaahu, Senator Suemo Chia, Gen. Atom Kpera, late Tashaku Oradi, and numerous others who have made significant contributions to the state’s development.
As part of the jubilee celebrations, Governor Alia exercised his prerogative of mercy by granting full clemency and release to 14 inmates serving various prison terms. Additionally, one inmate, Terhumba Aondona, had his sentence commuted from 10 years to 4 years.
The beneficiaries of the clemency include Akaajime Imoter, Kongusu Terzugwe, Terngu Orshi, Ornaa Achagh, Zwa Achir, Terkimbi Amadu, Iorpenda Christian, Aondowaae Terlumun, Oriba John, Sughnen Terfa James, Akaahar Isaac, Ordam Thankgod, Gwayem Agba James, and Iorfa Terkimbi.
The announcements were contained in a statement signed by Sir Tersoo Kula, Chief Press Secretary to the Governor of Benue State.
Benue State’s Golden Jubilee commemorates 50 years since its creation from parts of the former Benue-Plateau State, highlighting ongoing efforts to celebrate its history while addressing contemporary issues of justice and recognition.
Kogi closes schools following hints of bandits attack
Again, bandit kills more than 20 people in Katsina community
NAFDAC presents alcohol survey reports backing ban
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
News2 days agoNiger Speaker Lauds Army, DSS, and Security Agencies for Successfully Dislodging Bandits in the State
-
Politics1 day agoNNPP: Kwankwaso Never Negotiated APC Defection – ‘High Demands’ Claims Are Lies and Elite Plot
-
News8 hours agoNanya’s Death: Senate Urges FG to Mandate Anti-Venom Stocking in Hospitals
-
Crime3 days agoEbonyi Gov. Sacks Political Appointees, Dethrones Traditional Rulers Over Deadly Communal Clash
-
Sports2 days agoArsenal wins $2.3m prize in FIFA Women’s Champions Cup
-
News8 hours agoSenate Confirms Hon. Justice Olubunmi Kayode Oyewole as Supreme Court Justice
-
Crime1 day agoFederal Government Arraigns Nine Suspects for Terrorism in Deadly Yelwata Attack
-
News8 hours agoADAMS OSHIOMOLE: The Labour Leader Died