Friday, May 11, 2012

Diary of a Lagos Island Property Agent - May 11th



Fire Hazards in Properties

Monday
Over recent weeks I have heard and witnessed incidences of fires destroying homes, in one of the incidents almost all the family members died. All these incidents were due to either illegal wiring or power surges causing sockets to catch fire. I have written in a past article about taking precautions not to overload sockets with adaptors or very powerful electrical equipment. We are all guilty of going out and leaving our sockets on with all our appliances plugged in. We leave our televisions on standby and even the air-conditioner is remotely operated, meaning it is never fully switched off
One of the fires was started from an air-conditioner socket which was remotely switched off.  Unfortunately the owners were at work, so the fire had time to climb up the curtains, to the beds and spread over the whole house. What was not damaged by the fire was smoke damaged. Neighbours who were at home could only watch in horror as the fire shattered windows and spread more and more. No one could gain entry through the fire doors or burglary bars. It took the resident being called at work, and getting to the house almost an hour and a half later, before any attempt could be made to stop the fire.

Tuesday
Still on the topic of fires in properties, It is wise that homes are fitted with smoke alarms, so that if a fire starts at night, you can be woken up by hearing the alarm. As we all know, smoke is a silent killer and does not wake you up. You inhale the smoke and die in your sleep, simple as that! It is frightening, but simple measures like, having a fire extinguisher or fire blanket in the house, so that you can put out a fire immediately it starts and prevent it from spreading.

Wednesday
There was a round table meeting in Abuja recently on Mortgage Financing in Nigeria, and the findings from the meeting were that approvals for mortgage financing in our country was the lowest on the African continent!! This of course is no surprise despite the growth property market. Figures show that the rate of borrowing in South Africa was 30%, Namibia 20% and Nigeria 4%

Thursday
I saw on the news that the Lagos State Government is taking steps to remove all illegal shanty dwelling in the state and in return provide low cost housing for displaced individuals. I certainly hope that the low cost housing is put in place before the demolition commences.
What was amazing and amusing was that In the process of removing one of the illegal shanties, an illegal oil refinery yard was discovered in the heart of Apapa. What was even more amazing, was how huge and well stocked this yard was, all surrounded by wooden fences and a padlocked wooden gate. Suffice to say, all necessary oil and investigative agencies will be brought out into the public domain in another round of enquiry panels, which may or may not yield answers as to how this was all funded and supplied!

Friday
We are still awaiting rains that will clear away this unbearable heat for a few weeks. Heavy rainfalls were predicted over a month ago, which everyone prepared for and even looked forward to, yet apart from the odd couple of hours rainfall, nothing has manifested.
For those of us who have to be out on the road for our daily bread, visiting sites and taking clients on visits, it is a nightmare conducting visits between the hours of 10am – 4pm when the sun is scorching. I have had to reschedule many viewing on clients requests (thankfully) due to the extreme heat.  We shall continue to pray that the rains start soon.
Until next week!

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