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Published stories attached to the Market news category.
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Egypt's ten largest real estate developers recorded combined sales of about EGP 670bn in the first half of 2026, up 2.9% year on year, even as the number of units sold declined.
Africa's real estate market is now valued at approximately USD 17.6 trillion, representing about 2.7 percent of global real estate value, according to a new LEAF Africa study report. The report identifies Nigeria, Kenya, and Ghana as the continent's fastest-growing property markets.
Research presented at a GTI Group forum shows Lagos requires about N6 trillion a year to bridge its housing capital gap, with the state's housing deficit now put at 3.4 million units.
A 23 percent jump in cement prices this week to N16,000 per 50kg bag has stalled building work across Nigeria, prompting the FCCPC to investigate possible price manipulation by major manufacturers.
Annual rent inflation in Nigeria jumped to 33.74 percent in July from 14.79 percent in June, according to National Bureau of Statistics data, even as headline inflation eased.
Nigeria's real estate bubble faces an imminent market correction as construction costs surge 100 percent, rents climb 200 percent, and affordability collapses, analysts warn.
A Kenyan High Court has ruled that KCB Bank acted within its rights in placing Northcote Business Centre's Kilimani apartment blocks under administration to recover defaulted Sh2 billion ($16 million) loans.
The Nigerian Institution of Estate Surveyors and Valuers has warned that taxation, inflation and government fiscal policies are increasingly shaping the value and performance of real estate assets.
Nigeria's real estate market is projected to grow from $32.2 billion in 2025 to $40 billion by 2030, driven by urbanisation and rising demand for residential, commercial and industrial property.