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Published stories attached to the Market news category.
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A real estate expert warns that the rapid conversion of Lagos homes into short-term rentals is shrinking the long-term housing supply, pushing up rents and pricing workers out of the city's commercial centres.
The Labour Court ordered Andries Helani, the University of Johannesburg's former Senior Director of Student Affairs, to repay over R18.18 million for helping non-compliant private student accommodation providers secure accreditation.
Kenya's High Court has upheld SBM Bank's priority in the liquidation of the Cytonn-backed Alma project in Ruaka, a 477-unit residential development, to recover a defaulted Sh650 million loan.
State-owned Transnet plans to sell 15 non-core commercial properties, including the historic Carlton Centre in Johannesburg and the Durban Station precinct.
Ayodeji Odeleye, the new president of FIABCI Nigeria, says real estate growth can attract millions of dollars in foreign investment and position Nigeria as Africa's reference point for international investors.
Land prices in Ole Kasasi, a fast-growing Nairobi satellite town in Kajiado County, have climbed from as little as Sh500,000 an acre about 15 years ago to as much as Sh30 million in prime sections.
Grit Real Estate Income Group, which owns malls, luxury homes and offices in Kenya valued at over Sh20 billion, remains suspended from the London Stock Exchange over delayed financial results.
Rents have reached record levels in several African capitals, with Lagos ranked the continent's most expensive city for residential rents, as urbanisation outpaces housing supply.
New Egyptian platform Aqar Exit connects property buyers facing financial difficulty with new buyers at existing contract prices, attracting over 15,000 users in its first week.