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Published stories attached to the Market news category.
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Knight Frank's H1 2026 Lagos Market Update shows prime Lagos rents more than doubling since 2023, Grade A office rents steadying near $55 per square metre and values in Abuja's Guzape districts rising 20 to 30 per cent.
Materials prices have risen by between 25% and 30% and subcontracting costs for social housing have climbed sharply, squeezing Moroccan developers who say weak household purchasing power prevents them passing the increase on.
Jordan Wike, son of the FCT minister, has been petitioned to the EFCC over a failed $2.1m transaction for land in Katampe and Guzape, while a civil suit over the same deal returns to court on 1 December.
CIH Bank has integrated a Yakeey-built property search platform into its mobile app, letting Moroccan clients find a verified listing, estimate its value and open a mortgage request in a single digital journey.
The Federal Mortgage Bank of Nigeria approved more than N208 billion in housing and mortgage loans in 2025 and disbursed over N120 billion, its managing director said at the World Habitat Day commemoration in Abuja.
Morocco ranks second in Africa for hotel development pipelines, with 75 hotels and 10,606 rooms in the works and 70 per cent due to open in 2026 and 2027, as operators scale up for the 2030 World Cup.
The Emir of Kano, Muhammadu Sanusi II, has urged the Kano State Government to compensate traders whose shops were demolished in June 2023, saying many lost their only source of income.
Business and property owners in Secunda say unauthorised structures and occupation along Walter Sisulu Drive are dragging down property values, even as they continue to pay municipal rates.
Egypt's housing minister has outlined a regulatory framework covering developer licensing, separate bank accounts for each project and protections for buyers when delivery slips by more than a year.