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5 Factors Beyond Your Control In Lagos Real Estate BY DENNIS ISONG
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” 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
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Here’s When To Watch Lunar Crescent Across Nigeria on Friday, February 28, according to NASRDA
The last cities to experience the lunar crescent, he said, would be Lagos and Abeokuta between the hours of 6:59 pm to 7:30 pm.
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The National Space Research and Development Agency (NASRDA) said that Nigeria would likely witness its first astronomical lunar crescent on Friday evenings, February 28.
The Director of Media and Corporate Communications of NASRDA, Dr. Felix Ale, disclosed this in a statement, saying that the lunar crescent had been calculated to occur at 1:45 A.M. West African Time (WAT).
He said that the predicted time of 1:45 A.M time, also known as the Crescent Zero hour, would be when the crescent could be seen under perfect atmospheric conditions with the aid of optical instruments like binoculars or telescopes.
“The crescent will become visible to the naked eye in the evening of Friday, February 28, 2025, between 6:17 PM and 7:35 PM across different locations in Nigeria.
“Maiduguri will be the first city to witness the young lunar crescent from 6:17 PM to 6:48 PM, followed by Yola, Adamawa State, from 6:21 PM to 6:51 PM.
“Damaturu, Yobe, will follow from 6:22 PM to 6:53 PM, Kano, Kastina, Jos and Kaduna will experience the first lunar crescent between 6:38 pm and 7:12 pm.
“The sunset and moon set will occur between 6:35 pm and 7:12 pm, 6:38 pm and 7:15 pm, 6:35 pm and 7:11 pm, 6:40 pm and 7:17 pm respectively.
“Enugu will experience the lunar crescent between 6:42 pm and 7:32 pm with sunset and moonset at about 6:42 pm and 7:18 pm,’’ he said.
He predicted that in the FCT, the first lunar crescent would appear between 6:44 pm and 7:15 pm, with sunset and moonset at about 6:44 pm and 7:20 pm.
The last cities to experience the lunar crescent, he said, would be Lagos and Abeokuta between the hours of 6:59 pm to 7:30 pm.
Ale said that other cities across the federation will experience the lunar crescent at different times within the estimated visibility window of 6:17 pm and 7:35 pm on the same day.
He said “For a clear sighting of the first lunar crescent, observers are to use optical aids where necessary, and observe under clear atmospheric conditions.
“Observers are to position themselves in locations with an unobstructed view of the western horizon after sunset.
“He added that the scientific report provided precise predictions on the lunar crescent across locations of the country.
According to him, the report ensured accuracy for those who relied on lunar observations for religious, cultural, and scientific purposes.
The space agency encouraged researchers, scholars, and religious groups to utilise the findings, adding that anyone requiring additional data for further analyses could visit the official office website.
Director, the Centre for Basic Space Science and Astronomy (CBSSA), an activity centre of NASRDA, Dr Bonaventure Okere, said it was regarded as the first stage of the moon, hence the new crescent.
Okere said the appearance of the new crescent was highly significant in the Islamic religion because it was used to determine some rites and practices like the beginning of the Ramadan fast.
“The Islamic religion uses moon phases for their Islamic rites but astronomers study the cycle of the rising and setting of the moon to determine moon days, which is usually 28 days.
“Astronomers use the moon cycle to generate the Lunar calendar, understand the part of the moon you can see daily,’’ he said.
News
Kogi State Mourns Loss of Media Icon Prof. Tom Adaba
Prof. Adaba, who passed away at the age of 83, was celebrated for his trailblazing contributions to Nigeria’s media landscape.
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The Kogi State Government has expressed a huge sense of loss following the demise of Prof. Tom Adaba, a pioneering broadcast expert, patriot, and distinguished son of Kogi.
Prof. Adaba, who passed away at the age of 83, was celebrated for his trailblazing contributions to Nigeria’s media landscape.
Prof. Adaba’s legacy is marked by groundbreaking achievements.
He was one of the first Nigerians to earn a Doctorate in Mass Communication, setting a high standard for academic excellence in the field.
His visionary leadership was evident during his tenure as the Principal of the Nigerian Television College, Jos, and as the inaugural Director General of the National Broadcasting Commission.
His work not only transformed the media industry but also laid a strong foundation for ethical journalism and responsible broadcasting across the nation.
In an official condolence message signed by the State Information Commissioner, Mr Kingsley Fanwo, the Kogi State Government described Prof. Adaba as “a media colossus, patriot, and a distinguished Nigerian” whose wisdom and dedication left an indelible mark on the country.
The government extended heartfelt condolences to his family, friends, and the entire media community, urging that his legacy be remembered as a beacon of inspiration.
The statement reads: “We have lost a great media pioneer whose life-long contributions to Nigeria’s broadcasting industry will forever be cherished. May the Almighty God grant him eternal rest and give his loved ones the strength to bear this irreparable loss.”
Prof. Adaba’s passing is not only a significant loss to Kogi State but also to Nigeria as a whole.
His illustrious career and unwavering patriotism will continue to inspire future generations in the realms of media and beyond.
News
BREAKING: Police Have Sealed Our Hqrs – Osun Electoral Commission Boss Raises Alarm
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The Chairman of the Osun State Independent Electoral Commission (OSSIEC), Hashim Abioye, has raised alarm over the sealing of the commission’s headquarters by the police.
The incident on Saturday occurred as the commission proceeded with the controversial local government elections taking place across the state.
Speaking during a live current affairs program on Rave FM, Abioye said he is surprised that such a step could be taken.
He said, “I leave the police IGP in the hands of God.
“Election has started earnestly in all the polling units across the state but no police presence is noticeable from the information available to me.”
Meanwhile, Governor Ademola Adeleke participated in the exercise, casting his vote at a polling station in Ede.
After voting, the governor called on residents to remain calm and peaceful throughout the exercise.
The sealing of the OSSIEC headquarters comes after the Nigeria Police had earlier advised the Osun State Government not to proceed with the election.
Citing security risks and potential legal implications, the police had warned that holding the poll under the current circumstances could lead to unrest.
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