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The Importance of Ember Months in Nigeria’s Real Estate Sector

By Dennis Isong
Ember months refers to the last four months of the year: September, October, November, and December.
These months hold significant importance across various sectors of the Nigerian economy, and the real estate industry is no exception.
The ember months bring about a unique set of circumstances and opportunities that can greatly impact the property market.
This article explores why these months are crucial for Nigeria’s real estate sector and how they influence market dynamics.
- Increased Economic Activity
The ember months in Nigeria are characterized by a surge in economic activity. As the year draws to a close, businesses strive to meet annual targets, and government agencies work to utilize their budgets before the fiscal year ends. This increased economic activity often translates to more money circulating in the economy, which can have a positive impact on the real estate market.
Higher disposable income: Many companies distribute year-end bonuses during this period, increasing the purchasing power of potential property buyers.
Business expansion: Some businesses may look to expand or relocate, leading to increased demand for commercial real estate.
- Diaspora Influence
The ember months coincide with the holiday season, during which many Nigerians living abroad return home to visit family and friends. This influx of diaspora Nigerians has a significant impact on the real estate market:
Investment opportunities: Many in the diaspora see this time as an opportunity to invest in property back home, either for personal use or as an investment.
Increased demand: The temporary surge in population can drive up demand for short-term rentals and potentially influence long-term property values.
Foreign currency injection: Diaspora Nigerians often bring in foreign currency, which can provide a boost to the real estate market, especially in a country where the local currency may be experiencing fluctuations.
- Cultural and Social Factors
Nigerian culture places a strong emphasis on homeownership, and the ember months often amplify this desire:
Status symbol: Owning a home by the end of the year is seen as a significant achievement, motivating many to make property purchases during this period.
Family gatherings: The holiday season prompts many to consider upgrading their living spaces to accommodate family gatherings and celebrations.
- Weather Conditions
The ember months in Nigeria typically mark the end of the rainy season and the beginning of the dry season. This transition in weather patterns can impact real estate activities:
Construction Boost: The dry weather allows for increased construction activity, potentially leading to more properties entering the market.
Property viewing: Improved weather conditions make it easier for potential buyers to view properties and for real estate agents to conduct site visits.
- Year-End Goals and New Year Resolutions
As the year comes to a close, many individuals and businesses reflect on their achievements and set new goals:
Investment decisions: People may choose to invest in real estate as a way to meet financial goals or diversify their portfolios before the year ends.
New Year preparations: Some may aim to secure new living or working spaces in preparation for the coming year, driving up demand in the real estate market.
- Government Policies and Budgets
The ember months often see increased government spending and policy implementation:
Infrastructure development: Governments may rush to complete infrastructure projects before the year’s end, potentially increasing the value of properties in certain areas.
Policy changes: Any new real estate policies or regulations slated for the new year may influence buying and selling decisions in the ember months.
- Stock-taking and Portfolio Restructuring
The approach of the year’s end prompts many investors to reassess their portfolios:
Property disposal: Some investors may decide to sell properties to balance their portfolios or generate liquidity.
Acquisition opportunities: Others may look to acquire new properties to strengthen their real estate holdings.
- Increased Rental Activity
The ember months can see a spike in rental activity:
Corporate rentals: Businesses may seek new office spaces or renew leases for the coming year.
Residential moves: Families or individuals may look to move to new rental properties before the new year begins.
- Emerging Real Estate Hotspots
During the ember months, it’s crucial to pay attention to emerging real estate hotspots:
Satellite Towns: Areas like Ibeju-Lekki in Lagos or Kubwa in Abuja are experiencing rapid development.
Tech Hubs: Locations near growing tech clusters, such as Yaba in Lagos, are becoming increasingly attractive.
New Cities: Planned urban developments like Eko Atlantic City offer unique investment opportunities.
- Types of Properties to Consider
Different property types may offer varying advantages during the ember months:
Residential Properties: High demand for housing during holiday visits makes this a prime option.
Commercial Real Estate: Office spaces and retail outlets can be good investments as businesses plan for the new year.
Land: Undeveloped land in growing areas can offer long-term appreciation potential.
- Leveraging Technology for Remote Transactions
For diaspora investors unable to visit Nigeria:
Virtual Tours: Many real estate agencies now offer virtual property tours.
Digital Documentation: Explore options for digital contract signing and online payment systems.
Real-Time Communication: Utilize video calls for real-time property inspections with local agents.
- Understanding Local Regulations
It’s crucial to be aware of recent changes in real estate regulations:
Land Use Act: Familiarize yourself with the implications of the Land Use Act on property ownership.
Foreign Ownership Laws: Understand any restrictions or requirements for diaspora Nigerians investing in property.
Tax Implications: Research recent changes in property taxes or capital gains taxes that might affect your investment.
During this period, heightened market activity and the availability of potential deals create attractive investment opportunities.
- Financing Options for Diaspora Investors
Explore various financing methods tailored for diaspora investors:
Diaspora Mortgages: Some Nigerian banks offer mortgage products specifically for Nigerians living abroad.
International Money Transfers: Research the most cost-effective ways to transfer large sums for property purchases.
Joint Ventures: Consider partnering with local investors or family members for shared investments.
- Risk Mitigation Strategies
Investing during the ember months doesn’t come without risks. Consider these mitigation strategies:
Due Diligence: Thoroughly research property titles and ownership history.
Legal Representation: Engage a reputable local lawyer to oversee transactions.
- Long-term Investment Strategies
Think beyond the immediate purchase:
Rental Income: Consider properties with strong rental potential for steady income.
Property Management: Research reputable property management companies if you plan to rent out your investment.
Exit Strategies: Have a clear plan for how you might eventually sell or pass on the property.
The ember months provide a distinct set of circumstances that make them an ideal time for diaspora Nigerians to invest in real estate back home.
During this period, heightened market activity and the availability of potential deals create attractive investment opportunities. Additionally, the chance for personal property inspections and the ability to tap into cultural connections further enhance the appeal.
However, successful investment requires thorough research, professional advice, and a well-defined long-term plan.
By staying attuned to local market trends, utilizing technology, and being aware of relevant regulations, diaspora Nigerians can make informed and profitable real estate investments in Nigeria during this dynamic time of year.
▪︎For personalized assistance with property needs in Ojo or other parts of Lagos, interested individuals, particularly Nigerians in the diaspora looking to invest in property back home, can contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free. I can be reached at +2348164741041.
News
Peter Obi’s Comparison of Nigeria’s Educational System With Bangladesh, Turkiye
Bangladesh, which once lagged behind Nigeria in virtually every measurable development index, now surpasses us in all key areas of development and in the Human Development Index (HDI).

Peter Obi wrote on his X( Twitter) : “I just came across the official results from JAMB showing the recent exam figures.
In the data shared by JAMB, a total of 1,955,069 candidates sat for the exam.
Shockingly, out of this number, only about 420,000 candidates scored above 200, while over 1.5 million scored below 200.
This means that over 78% of the total candidates failed to meet the 200-mark threshold — a reflection of the deep-rooted challenges in our educational system.
The latest JAMB results once again highlight the consequences of decades of underinvestment in education, a sector that should be central to our national development strategy.
Currently, Nigeria’s total university enrollment stands at approximately 2 million students.
By comparison, the National University of Bangladesh — a single university — has over 3.4 million students enrolled, despite the country having only about 75% of Nigeria’s population.
One university in Bangladesh surpasses the entire university enrollment in Nigeria.
Bangladesh, which once lagged behind Nigeria in virtually every measurable development index, now surpasses us in all key areas of development and in the Human Development Index (HDI).
Similarly, Turkey (now Turkiye), with a population of about 87.7 million people, has over 7 million university students — more than three times Nigeria’s total university enrollment.
I have consistently said it: education is not just a social service; it is a strategic investment.
It is the most critical driver of national development and the most powerful tool for lifting people out of poverty.
We must now invest aggressively in education — at all levels — if we are serious about building a prosperous, secure, and equitable Nigeria.”
News
BREAKING: Cardinal Robert Prevost elected new Pope

The Catholic Church has a new leader. Cardinal Robert Prevost, an American-born cleric and seasoned Vatican official, has been elected Pope, taking the name Leo XIV.
The announcement was made from the balcony of St. Peter’s Basilica on Wednesday following the traditional white smoke signaling the successful conclusion of the papal conclave.
Prevost, 69, becomes the first American-born Pope in the Church’s two-thousand-year history, marking a significant moment for Catholics in the United States and around the world.
He succeeds Pope Francis, who died on Easter Monday, April 21, 2025, at the age of 88.
A native of Chicago, Illinois, Pope Leo XIV is a member of the Order of St. Augustine and is widely respected for his quiet but firm leadership style, deep theological grounding and global pastoral experience.
In 2023, Prevost was appointed Prefect of the Dicastery for Bishops, overseeing the selection and supervision of bishops around the world.
News
BREAKING: Catholic Church elects new Pope

White smoke has been detected from the chimney above the Sistine Chapel in Vatican City, signalling the election of a new Pope by the Catholice church.
The new Pope will replace the late Pope Francis who died last month at the age of 88.
However, the identity of the new pope was not immediately made known as the pontiff’s name has yet to be announced.
The white smoke flowed from the chimney above the Sistine Chapel in the Vatican on the second day of the Conclave shortly after 1pm on Thursday.
The white smoke signalled that one of the candidates for the pontificate had obtained the necessary two-thirds majority for election.
Details soon….
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