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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

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There was a young man named Tunde who was born and raised in Lagos, Nigeria. However, as he got older, he decided to move abroad in pursuit of better opportunities.

 

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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

He settled in the United States and began building a successful career in finance. Despite his success, Tunde couldn’t shake off the feeling of homesickness. He often thought about his family and friends back in Lagos, and the beautiful city that he had left behind.

 

 

 

 

 

 

 

 

Years passed, and Tunde had all but given up on ever returning to Nigeria. However, one day, he received a call from his sister back in Lagos.

 

 

 

 

 

 

 

 

She told him about the booming real estate market in the city and how property prices were skyrocketing. Tunde was intrigued and began researching the market.

 

 

 

 

 

 

 

He discovered that there was indeed a huge demand for properties in Lagos, and that the returns on investment were quite high.

 

 

 

 

 

 

After much consideration, Tunde decided to invest in a couple of properties back in Lagos.

 

 

 

 

 

He partnered with a reputable local real estate company, and soon enough, he had a few properties under his belt. To his surprise, the returns on his investment were even higher than he had initially thought.

 

 

 

 

 

 

Tunde was thrilled with the success of his investments, and he couldn’t believe that he had almost missed out on such a great opportunity.

 

 

 

 

 

 

 

Feeling financially secure and with a sense of fulfillment, Tunde decided to return to Lagos.

 

 

 

 

 

 

He was greeted with open arms by his family and friends, and he felt like he was truly home. He decided to give back to the community and started mentoring young entrepreneurs interested in the real estate market.

 

With his newfound success and sense of belonging, Tunde couldn’t be happier. He realized that sometimes, taking a chance and going back to one’s roots can lead to great rewards.

 

 

 

 

 

 

Without dragging feet and picking from Tunde’s experience, let me highlight why real estate is profitable in Lagos state?

 

  1. Population growth

 

Lagos is the most populous city in Nigeria, with a population of over 21 million people. This large population creates a constant demand for housing, making real estate a profitable investment.

 

  1. Economic growth

 

Lagos is the commercial capital of Nigeria and one of the fastest-growing economies in Africa.

 

 

Economic growth in the city leads to an increase in disposable income, which in turn drives demand for real estate.

 

  1. Limited supply

 

The supply of land in Lagos is limited, which drives up property values. The government has also placed restrictions on the development of certain areas, further limiting the supply of land available for real estate development.

 

  1. Foreign investment

 

The Nigerian government has been actively promoting foreign investment in the country, and Lagos is a popular destination for foreign investors. This has led to an increase in demand for real estate and driven up property values.

 

5.Rental income

 

The high cost of living in Lagos and the limited availability of affordable housing make rental properties a profitable investment.

 

The demand for rental properties is consistently high, which allows landlords to charge high rents and enjoy steady rental income.

 

  1. Developing Infrastructure

 

Lagos is undergoing significant infrastructure development. The government is investing in the construction of new roads, bridges, and public transportation systems.

 

 

This infrastructure development is making it easier for people to move around the city and access different areas, which is driving the development and growth of real estate markets in previously underdeveloped areas.

 

  1. High returns on investment

 

Real estate in Lagos tends to appreciate in value over time, offering investors high returns on their investment.

 

This is due in part to the limited supply of land and the high demand for housing, as well as the city’s economic growth and infrastructure development.

 

  1. Diversification

 

Investing in real estate in Lagos can diversify an investment portfolio, as it offers a different type of investment opportunity than traditional stocks or bonds.

 

Diversifying one’s investments can help mitigate risk and potentially provide higher returns over time.

 

Buying a property in Lagos is a venture you can never regret. In Nigeria, there’s a huge market that favors everyone in real estate already. Why don’t you start taking some steps toward it?

 

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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Kano Emirate: Group Condemns Gov Abba Yusuf For Lawlessness, Plans To Destabilize Nigeria

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Kano Emirate: Group Condemns Gov Abba Yusuf For Lawlessness, Plans To Destabilize Nigeria

 

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The Advocates of Social Justice for All (ASJA) has condemned Governor Abba Yusuf’s decision to dissolve the Kano Emirate and subsequent reinstatement of Sanusi Lamido Sanusi as Emir of Kano despite a court order.

The group also criticised the governor for issuing an arrest warrant for the deposed Emir Ado Bayero as executive overreach, an assault on Kano’s cultural heritage and a call to anarchy.

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In a statement signed by Dr Abu Musa, the group described the governor’s actions as a clear abuse of power, a violation of the rule of law, and a threat to the stability and peace of Kano State and Nigeria.

“In a shocking display of executive overreach, Governor Abba Yusuf has taken the extraordinary step of dissolving the Kano Emirate, reinstating Emir Sanusi despite a valid court order, and issuing an arrest warrant for the deposed Emir Ado Bayero. This brazen move is a clear attempt to subvert the rule of law, silence opposition voices, and impose the Governor’s will through executive fiat,” Musa said.

“The Kano Emirate is an institution that has been a cornerstone of the state’s cultural and traditional heritage for centuries. Its dissolution is a reckless and arbitrary move that will have far-reaching consequences for the people of Kano State. The Emirate has played a vital role in promoting peace, stability, and cultural preservation, and its abolition is a direct attack on the cultural identity of the Kano people.

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“Furthermore, the reinstatement of Emir Sanusi despite a court order to the contrary is a clear attempt to subvert the legal process and impose the Governor’s will through executive decree. This is a grave affront to the principles of justice and the rule of law, and it sets a dangerous precedent for the future.

“The issuance of an arrest warrant for Emir Ado Bayero is equally disturbing, as it represents a clear attempt to silence opposition voices and punish those who dare to challenge the Governor’s authority. This is a gross abuse of power and a clear violation of Emir Bayero’s fundamental rights.

“The arrest warrant has created a sense of unease and tension among the people of Kano. This could lead to social unrest, as supporters of the deposed emir may take to the streets to protest. The potential for violence and instability is high, and the state’s security apparatus is on high alert.

“The controversy surrounding the Kano Emirate has already begun to affect the state’s economy. Investors are wary of investing in a state plagued by political instability and cultural tensions. The tourism industry, which relies heavily on the emirate’s cultural attractions, is suffering significantly.

“Governor Abba Yusuf’s actions are a dangerous power grab that undermines the very foundations of our democracy. They demonstrate a blatant disregard for the rule of law, the cultural heritage of the Kano people, and the fundamental rights of individuals.“

The group, therefore, advised the governor to reconsider his actions and respect the legal process, the rights of all individuals, and the cultural heritage of the people of Kano State before it is too late.

“We also call on the relevant authorities to intervene and address this situation, which has the potential to destabilize the peace and security of the nation. The people of Kano State deserve better than a Governor who is willing to trample on their cultural heritage and fundamental rights in pursuit of personal power and vendettas.”

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Middle Belt group convenes meeting to addres insecurity, starvation

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Middle Belt group convenes meeting to addres insecurity, starvation 

Middle Belt group convenes meeting to addres insecurity, starvation

 

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By Ifeoma Ikem

 

 

 

 

 

 

 

Sahara Weekly Reports That The United Middle Belt Indigenous Peoples Congress (UMBIPC) will convene an extraordinary session of its national executives in Abuja this Saturday.

 

 

 

 

 

Middle Belt group convenes meeting to addres insecurity, starvation 

 

 

 

 

 

The meeting, themed “Insecurity, Starvation, and the Need for Peace-building across the Middle Belt of Nigeria,” will address the escalating attacks and killings of farmers and villagers in the region, amidst widespread hunger and poverty.

 

 

 

 

 

 

 

 

 

 

 

 

 

According to UMBIPC’s President-General, Barr. Abuka Omababa, the session aims to find strategic solutions to the crisis, promote peace and unity, and unlock the region’s economic potential.

 

 

 

 

 

 

 

 

 

 

 

 

 

He emphasized that the meeting is crucial, as the Middle Belt faces unprecedented challenges, and its people can no longer afford to be passive in the face of violence and neglect.

 

 

 

 

 

 

 

 

 

 

 

 

Omababa described the ongoing attacks as an aberration, stressing that the Middle Belt people are peace-loving and should not be taken for granted.

 

 

 

 

 

 

 

 

 

 

 

 

 

He warned that the indigenous people will not be seen as weak and will explore all options to ensure their self-preservation and survival.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The meeting seeks to chart a path towards lasting peace, where everyone can live safely and securely, without fear of harm.

 

 

 

 

 

 

 

 

 

 

 

 

 

Omababa reiterated that the ultimate goal remains a united and progressive Nigeria, but the immediate priority is the survival and well-being of the Middle Belt people.

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Why nigerians in the diaspora should first look out for features of a property before investing by Dennis Isong

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Why nigerians in the diaspora should first look out for features of a property before investing by Dennis Isong 

Why nigerians in the diaspora should first look out for features of a property before investing by Dennis Isong

 

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Sahara Weekly Reports That It may be tasky for Nigerians in the diaspora to be able to identify what a property entails if they have not been in Nigeria for a while. However, when property features and neighborhoods are highlighted in a property listing, it helps with making informed decisions.

 

 

 

 

Why nigerians in the diaspora should first look out for features of a property before investing by Dennis Isong 

 

 

 

 

Nigerians in the diaspora considering investing in property back home should prioritize assessing the features of a property thoroughly for several reasons:

1. Ensuring Value for Money:

The neighborhoods of the property’s location significantly influences its value. Proximity to essential amenities like schools, hospitals, markets, and transportation can enhance a property’s attractiveness and market value.

 

The dimensions of the property features, including the number of rooms, bathrooms, and overall layout, should match the buyer’s needs and justify the price.

 

 

Evaluating the condition of the property, including the quality of construction, age, and any need for repairs or renovations, helps ensure that the investment is sound and that there won’t be hidden costs post-purchase.

2. Maximizing Rental and Resale Potential:

Properties with modern amenities (e.g., reliable water supply, power backup, security systems) and features (e.g., parking spaces, green spaces) tend to attract higher rents and better resale values.

 

Understanding Lagos real estate market can help investors choose properties that are in demand, ensuring they can quickly find tenants or buyers.

3. Avoiding Scams and Fraud:

Cross-checking the advertised features with the actual property helps verify the legitimacy of the deal. Scammers often misrepresent properties to deceive buyers.

 

Ensuring the property has a clear title and all necessary documentation prevents legal disputes and confirms ownership.

4. Personal Satisfaction and Suitability:

For those planning to use the property personally, it’s crucial that the property aligns with their lifestyle and preferences. Features like the number of bedrooms, kitchen size, and backyard space can significantly impact living quality.

 

Features that allow for future expansion or modifications can be crucial for long-term satisfaction and adaptability.

5. Investment Stability and Appreciation:

Properties in economically stable and growing areas tend to appreciate more reliably, providing a secure investment.

 

Areas with ongoing or planned infrastructure developments (like new roads, public transport, or commercial hubs) often see a boost in property values over time.

HOW CAN YOU CONFIRM THE FEATURES AND NEIGHBORHOODS OF A PROPERTY LISTING IN ABSENTIA?

 

1. Ask the realtor to do a video.

 

2. Send a trusted person to confirm.

 

3. Do a video call for confirmation.

 

4. Ensure what was listed match with what’s shown in the video.

 

5. Check the map.

 

 

 

 

I hope you learned something new? Kindly scroll down to save my number and send a message.

 

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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