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.
