News
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.
Crime
BREAKING: Nnamdi Kanu Sacks All Lawyers, To Represent Himself

The leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has informed the Federal High Court in Abuja that he will personally conduct his defense in the ongoing terrorism case brought against him by the Federal Government.
This declaration came during Thursday’s proceedings, following the withdrawal of his legal team, led by senior advocate Kanu Agabi (SAN), alongside other Senior Advocates of Nigeria who had been representing him.
The courtroom was thrown into mild surprise when Mr. Kanu told Justice James Omotosho that he intended to take charge of his own defense, stating his decision to act as his own counsel moving forward.
Justice Omotosho, in response, offered to assign a court-appointed lawyer to assist him, but Mr. Kanu declined the offer, insisting that he would proceed without any legal representation.
The court subsequently adjourned to allow Mr. Kanu to prepare for his defense under the new arrangement.
Mr. Kanu, who has been in the custody of the Department of State Services (DSS) since his re-arrest and extradition to Nigeria in 2021, faces multiple charges bordering on terrorism, treasonable felony, and incitement.
The self-proclaimed IPOB leader has consistently denied all allegations, maintaining that his movement’s agitation for the independence of Biafra is rooted in self-determination and not in violence or terrorism.
The case, which has drawn both national and international attention, is expected to resume in the coming weeks as Mr. Kanu opens his defense without a legal team.
News
Reported Planned Attack: “Do Not Panic”, Kogi Govt Assures Residents
We commend the DSS for their vigilance and for providing early intelligence capable of preventing such evil plans from being executed.

The Kogi State Government has called on residents of the State to remain calm and vigilant following reports of a planned terrorist attack in parts of Kogi and Ondo States.
In a statement issued by the State Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, the Government described the intelligence report as a step towards victory, noting that it demonstrates the proactive work of the Department of State Services (DSS) and other security agencies in protecting Nigerians from criminal elements.
“The report itself is evidence that our security agencies are alive to their responsibilities.
“We commend the DSS for their vigilance and for providing early intelligence capable of preventing such evil plans from being executed,” the statement read.
The Commissioner assured citizens that the Kogi State Government is working closely with the DSS, the Nigerian Army, the Police, and other relevant security formations to ensure that any terrorist attempt is completely foiled before it can threaten lives or property.
“His Excellency, Governor Ahmed Usman Ododo, has made security of lives and property a top priority of his administration.
Strategic security measures have been reinforced across the State, and surveillance has been intensified, especially around border communities,” Fanwo added.
He urged residents to go about their normal businesses without fear but to remain security-conscious and report any suspicious movement or persons to the nearest security agency.
“The Government will protect the people at all costs. We will not allow criminals or terror groups to disrupt the peace and progress we have built.
Kogi remains one of the safest states in Nigeria, and we intend to keep it that way,” the statement concluded.
News
Breaking: ASUU suspends warning strike,Gives FG one month to tidy issues
President of ASUU, Chris Piwuna, explained that the development followed intervention by the Senate and some other well-meaning Nigerians.

The Academic Staff Union of Universities, ASUU, announced this morning the suspension of its two-week warning strike it declared last week across all public universities in the country.
The union announced the suspension on Wednesday at a press conference held at its headquarters in Abuja.
President of ASUU, Chris Piwuna, explained that the development followed intervention by the Senate and some other well-meaning Nigerians.
However, he said that the National Executive Council of the Union resolved to give the government a one-month window to address all contending areas.
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