Rents & Property Values to Crash Due to Flooding, Say Estate Surveyors
Like the start of a whirlwind, the heavy downpour came; when it settled eight hours later last Sunday, virtually all properties in every part of Lagos was inundated with water, leaving luxury homes submerged and inhabitants counting losses. But today, with the list of ‘victims’ growing, incident exposing and ridiculing the under belly of the city’s drainage master plan, real estate experts are singing different tunes on the probable effects on rents and property values on the affected areas.