Connect with us

News

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

Published

on

470 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

A Review of Akwa Ibom State Government’s July Delivery Meeting

Stakeholders at the meeting delivered goodwill messages, commending Governor Umo Eno for institutionalising the Delivery Meeting as a platform for transparency, accountability, and inclusive governance.

Published

on

By

8 Views

Image: Governor Umo Eno

  1. The Akwa Ibom State Government’s Monthly Delivery Meeting concluded its two-day July session, with Governor Umo Eno presiding over an extensive review of the administration’s strategic projects across key sectors.
  2. Hon. Aniekan UmanahCommissioner for Information, reported that the meeting forms part of ongoing efforts to monitor implementation, evaluate progress, and ensure the timely delivery of projects under the ARISE Agenda.
  3. In his opening remarks on Day Two, Governor Eno reiterated that the Delivery Meeting has become a vital accountability mechanism for tracking the performance of government projects and ensuring that every initiative delivers measurable value to the people of the State.
  4. He stressed that the sessions provide an opportunity for honest appraisal, collective problem-solving, and improved coordination among implementing agencies as the administration continues to deliver on its commitments under the ARISE Agenda. Quoting the Greek philosopher Socrates, the Governor said, “An unexamined life is not worth living.”
  5. Before the commencement of the Day Two session, Governor Eno paid an unscheduled visit to the ARISE Palm Resort, an audacious tourism project built on a 73-hectare gully reclamation site, to verify claims made during the previous day’s presentations and assess firsthand the level of progress on the facility, which is scheduled for commissioning later in the year.
  6. The meeting received comprehensive presentations on key projects across multiple sectors of the state’s development programme, including agriculture, trade and investment, maritime and transportation, health, internal security, housing, tourism, local government administration, direct labour projects, and other flagship initiatives.
  7. Under the agricultural sector, presentations were made on the Ibom Model Farm, Agric Equipment Leasing Company, Distribution of Oil Palm Seedlings Programme, Dakkada Global Oil Palm Project, and the Akwa Ibom Agricultural Development Programme (AKADEP), with emphasis on mechanised farming, food security, and job creation.
  8. The Ministry of Trade and Investment presented updates on the International Market, Ikot Ekpene, highlighting its role in boosting commerce, attracting investment, and strengthening regional trade.
  9. The meeting noted the significant progress recorded on the project and urged the contractors to sustain the pace of work.
  10. In the maritime and transport sector, updates were presented on the Oron Maritime Infrastructure Project, which is aimed at improving maritime transportation, boosting commerce, and stimulating economic growth as part of the administration’s broader Blue Economy development initiatives.
  11. The health sector presentation covered the Ibom International Hospital, General Hospitals in Ukanafun, Ibiono Ibom, Ikot Ekpene, Iquita-Oron, Ikot Ekpene Udo, and other State of Emergency Health Projects, reinforcing the government’s commitment to providing accessible, affordable, and quality healthcare services.
  12. The Ministry of Internal Security and Waterways presented progress on the Counter Terrorism Unit Base, aimed at strengthening security infrastructure and enhancing public safety across the state.
  13. The Ministry of Housing provided updates on the Doctors’ Residence and the Executive and Legislative Quarters, projects aimed at providing decent accommodation while supporting urban renewal and improving living standards.
  14. In the tourism sector, progress on the Ibom International Hotel at the Convention Arena was reviewed, with emphasis on repositioning the facility to boost tourism, hospitality, and investment opportunities.
  15. Updates from the Ministry of Local Government and Chieftaincy Affairs covered the Chairmen’s Lodges, with an assurance that all 31 lodges will be completed by December 2026 to strengthen administrative efficiency at the grassroots level.
  16. The Direct Labour Committee reported progress on the Youth Development Centres, the One Project Per Local Government Area (Phase II), the Judiciary Village, and the House of Assembly Complex, all aimed at strengthening governance infrastructure and promoting youth development.
  17. Other strategic projects reviewed included the ARISE Shopping City, ARISE Park Beach Villas, AKBC Project, Model Secondary School, Senior Citizens Centre, and the Nigeria Formr Women Project, reflecting the administration’s broad development agenda across multiple sectors.
  18. Stakeholders at the meeting delivered goodwill messages, commending Governor Umo Eno for institutionalising the Delivery Meeting as a platform for transparency, accountability, and inclusive governance.
  19. Senator Effiong Bob commended the Governor for consistently engaging stakeholders in the governance process, noting that the ARISE Agenda is making measurable progress while praising the administration’s openness and transparency. Senior Advocate of Nigeria, Assam Assam, described the meeting as the most impactful yet, citing visible progress across sectors, particularly in healthcare infrastructure and service delivery.
  20. The Speaker of the Akwa Ibom State House of Assembly, Rt. Hon. Udeme Otong, lauded the Governor’s leadership and assured him of the continued support and collaboration of the State House of Assembly.
  21. The Oku Ibom Ibibio and President-General of the Supreme Council of Traditional Rulers, His Eminence, Ntenyin Dr. Solomon Etuk, JP, expressed pride in the administration’s developmental strides and commended Governor Eno’s inclusive approach to governance.
  22. In his closing remarks, Governor Umo Eno appreciated all participants, Heads of Ministries, Departments and Agencies (MDAs), Delivery Advisors, stakeholders, and contractors for their contributions to the two-day review exercise, noting that the sessions were rigorous but necessary in strengthening governance and ensuring accountability.
  23. The Governor stated that the administration is entering its “harvest season” as it gradually winds down its first term, adding that observations from the meeting would be used to further improve service delivery and implementation efficiency.
  24. He reaffirmed the government’s commitment to completing all ongoing projects within set timelines and urged implementing agencies to sustain the momentum and maintain high standards in project execution for the benefit of the people of Akwa Ibom State.
  25. At the conclusion of the Delivery Meeting, Governor Eno led stakeholders on an inspection visit to the Ibom Convention Arena to assess ongoing work on the 200-bed Ibom International Hotel project, which is billed for commissioning later in the year.
Continue Reading

News

Explosion rocks Apapa tank farm; NPA, NIMASA move to curtail spread

Following the outbreak the fire service departments of both the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) moved in to curtail the spread of the inferno.

Published

on

By

18 Views

Panic erupted at the Lagos tank farm cluster at Ibafon, Apapa, on Friday morning after a fire broke out at the Bono Tank Farm, located within the Best Energy Tank Farm complex.

The inferno sent residents and workers in the area fleeing for safety as emergency responders moved in to contain the blaze.

Following the outbreak the fire service departments of both the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) moved in to curtail the spread of the inferno.

Efforts to obtain comments from the management of Bono Tank Farm and Best Energy Tank Farm were unsuccessful, as phone calls and text messages sent to their representatives were neither answered nor acknowledged.

Continue Reading

News

FG slams 8-count charges on Adeyemi over fake agency ” I’m not a criminal”, he defends

It was learned that the alleged ‘‘fake’’ Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council was allocated N1.302 billion in the 2026 Budget of the Federal Government.

Published

on

By

30 Views

Photo: Gbajabiamila, and Adeyemi

The Federal Government has filed an 8-count charges against Adeniyi Adeyemi, convener of a purported Presidential Foreign Intervention Promotion Council, PFIPC, over the controversy trailing the agency.

Adeyemi, however, fought back claiming that he was given an appointment letter.

Adeyemi, during an appearance on Channels Television claimed that the Chief of Staff to the President, Mr. Femi Gbajabiamila gave him an appointment letter, insisting that he is not a criminal.

However, it was learned that the alleged ‘‘fake’’ Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council was allocated N1.302 billion in the 2026 Budget of the Federal Government.

In a statement on Wednesday, Bayo Onanuga, presidential spokesperson, said the charges were filed by the Police on November 27, 2025, against Adeyemi and two accomplices at the Federal High Court in Abuja.

Onanuga said Adeyemi is expected to appear in court on July 27, 2026.

Continue Reading

Trending