Connect with us

News

5 Factors Beyond Your Control In Lagos Real Estate BY DENNIS ISONG

Published

on

150 Views

” 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.

  1. 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.

  1. ▪︎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.

  1. ◇ 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.

  1. 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.

  1. ◇ 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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

President Tinubu Signs updated List of Eligible Beneficiaries of State Pardons

Consequently, certain persons convicted of serious crimes such as kidnapping, drug-related offences, human trafficking, fraud, unlawful possession of firearms/arms dealing, etc, were deleted from the list.

Published

on

By

21 Views

President Bola Ahmed Tinubu, has executed the relevant instruments of release to complete the process of formally exercising his constitutional power of prerogative of mercy to grant pardon and clemency to specific individuals who were earlier convicted for various offences.

Bayo Onanuga, Special Adviser to the President (information & Strategy), disclosed this in a statement on Wednesday.

He said that following consultations with the Council of State and public opinion on the matter, the President directed a further review of the initially approved list for consideration in furtherance of the President’s discretionary powers under Section 175(1)(&(2) of the 1999 Constitution (as amended).

Consequently, certain persons convicted of serious crimes such as kidnapping, drug-related offences, human trafficking, fraud, unlawful possession of firearms/arms dealing, etc, were deleted from the list.

Others who had been hitherto pardoned in the old list had their sentences commuted.

This action became necessary in view of the seriousness and security implications of some of the offences, the need to be sensitive to the feelings of the victims of the crimes and society in general, the need to boost the morale of law enforcement agencies and adherence to bilateral obligations.

The concept of justice as a three-way traffic for the Accused, the Victim, and the State/Society also guided the review.

The approved list of eligible beneficiaries has been transmitted to the Nigerian Correctional Service for implementation in line with the duly signed instruments of release.

Furthermore, to ensure that future exercises meet public expectations and best practices, the President has directed the immediate relocation of the Secretariat of the Presidential Advisory Committee on Prerogative of Mercy from the Federal Ministry of Special Duties to the Federal Ministry of Justice.

President Tinubu also directed the Attorney-General of the Federation to issue appropriate Guidelines for the Exercise of the Power of Prerogative of Mercy, which includes compulsory consultation with relevant prosecuting agencies.

This will ensure that only persons who fully meet the stipulated legal and procedural requirements will henceforth benefit from the issuance of instruments of release.

The President appreciated the constructive feedback and engagement from stakeholders and the general public on this matter.

President Tinubu also reaffirmed his administration’s broader commitment to judicial reforms and improving the administration of justice in Nigeria.

Continue Reading

News

170 Foreigners Seeking Nigerian Citizenship – Tunji Ojo

According to the Minister, the 170 applications will undergo rigorous scrutiny by a high-level panel comprising representatives from the Department of State Services, the Nigeria Immigration Service, the Ministry of Justice, and the Ministry of Foreign Affairs.

Published

on

By

19 Views

One hundred and seventy (170) foreign nationals are seeking Nigerian citizenship.

Olubunmi Tunji-Ojo, Interior Minister, disclosed this in Abuja after chairing a meeting of the Citizenship Advisory Committee, which vets all citizenship requests before forwarding recommendations to President Bola Tinubu for approval.

Tunji-Ojo noted that citizenship of the world’s largest Black nation is not for everyone.

“Anyone who holds the citizenship of our great country must be a person of strong character and impeccable integrity, reflecting the true values of Nigeria,” he declared.

According to the Minister, the 170 applications will undergo rigorous scrutiny by a high-level panel comprising representatives from the Department of State Services, the Nigeria Immigration Service, the Ministry of Justice, and the Ministry of Foreign Affairs.

Continue Reading

News

NPF to celebrate 70 years of women in policing

In a statement by the Force Public Relations Officer, CSP Benjamin Hundeyin, on Wednesday, the celebration is scheduled to hold from December 3 to 4, 2025, and will bring together serving and retired female officers alongside the Inspector-General of Police, Kayode Egbetokun.

Published

on

By

24 Views

The Nigeria Police Force has announced plans to celebrate 70 years of women in policing, honouring seven decades of courage, resilience, and service since the first set of female officers were enlisted in 1955.

In a statement by the Force Public Relations Officer, CSP Benjamin Hundeyin, on Wednesday, the celebration is scheduled to hold from December 3 to 4, 2025, and will bring together serving and retired female officers alongside the Inspector-General of Police, Kayode Egbetokun.

The statement noted that the milestone “underscores the vital role of women in strengthening law enforcement and fostering community trust across the nation.

It added that the IGP commended the invaluable contributions of female officers to the operational effectiveness and public image of the Force, saying their “dedication and compassion have continued to be integral to the foundation of policing in Nigeria.”

Continue Reading

Trending