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Published stories attached to the Market news category.
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Kenya's State Department for Housing has invited bids for a framework agreement of up to 10 years to supply and install sanitary ware across its affordable housing projects, with three to five firms to be selected.
High financing and construction costs are pushing Lagos developers to sell completed homes rather than hold them for rental income, even though renting remains the main tenure for most residents, a Fortren & Company report says.
South Africa's average purchase price climbed 5% year on year to R1.76 million in the third quarter of 2026, but first-time buyers' share of home loan applications slipped to 46.5% as deposits thinned and borrowing costs rose.
UPDC REIT units fell from N21.15 to N17.50 in the week to October 23, erasing about N9.75 billion in market capitalisation, even as the trust's half-year rental income rose 88.35%.
Moneyweb columnist Keith McLachlan weighs JSE-listed retail Reits against population and finds South Africa, and Gauteng in particular, carrying more shopping-centre space per person than its income level would suggest.
Deyaar Construction and Development chairperson Hany Farag says buyers should receive a complete cost breakdown covering finishing, maintenance and service charges, not just the advertised price.
A Lagos property platform analysed 10,857 rental and sale listings for the third quarter and found deep affordability and transparency gaps, including price gaps between agents handling the same home.
The body representing institutional residential landlords says tenants face a tough year as electricity, fuel and municipal costs climb, with the Medium-Term Budget Policy Statement offering little immediate relief.
Civil servants, traders, students and young professionals across Abuja are splitting rent and sharing flats, not as a lifestyle choice but as an economic necessity as housing costs outpace stagnant wages.