Despite December being a slower month for real estate activity, last year’s festive season was different. It rekindled opportunities for buyers and sellers and showcased increased demand for short-let rentals.
The period between December and early January is often referred to as Detty December, a time when Nigerians, diaspora communities and tourists flock to Nigerian hinterland and cities such as Lagos, Port Harcourt, Enugu, Owerri, Umuahia, Abakaliki, Asaba, and Benin for a variety of celebrations and social events.
The Guardian learnt the festive season had a positive impact on the economy and extended beyond real estate, from the hospitality sector to retail, transportation, and entertainment.
It was also gathered that many diaspora tourists and holidaymakers had an eye on real estate investment. While some may have invested millions of naira in property; others came to view their homes and…
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