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Only 31% of Lagos residents own homes as rents surge — Report
Lagos has a homeownership rate of 31%, with 51% of residents living in rented accommodation, according to a report by Fortren & Company.
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Eight feared trapped as two-storey building collapses in Ilorin
No fewer than eight people are feared trapped after a two-storey building collapsed in Ilorin, the Kwara State capital, in the early hours of Tuesday.
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Isuan Agro Estate holds first Land Bankers Summit in Abuja
Isuan Agro Estate Ltd (AHARA) has held the maiden edition of its Land Banker Summit in Abuja to bridge knowledge gaps on real estate and land investment in Nigeria.
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R2.1bn investment drives Durban's Cornubia development, with 2,000 jobs expected
Construction is nearing completion on the first phase of the R2.1 billion Cornubia development in northern Durban, which includes a Leroy Merlin retail project and future commercial facilities.
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FG delivers 129 FMBN-funded housing units, pledges 122 more by year-end
The federal government has handed over 129 housing units to beneficiaries of the FMBN Rent-to-Own programme in Nasarawa State and promised to deliver the remaining 122 units before the end of 2026.
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Emira builds 23.5% stake in Octodec as Wapnick family doubles down on Pretoria
Emira Property Fund has accumulated a 23.5% stake in Pretoria-focused REIT Octodec Investments after a R892 million buying spree, while the controlling Wapnick family is backing the inner-city portfolio.
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EFCC recovers N1.23trn, $684m and 1,177 real estate assets in three years
The EFCC says it recovered N1.233 trillion and $684.48 million for governments and individuals between October 2023 and June 2026, including 1,177 real estate assets.
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Growthpoint completes R75m Phase 1 of Walmer Park redevelopment in Gqeberha
Growthpoint Properties has completed phase one of its R75 million redevelopment of Walmer Park Shopping Centre in Gqeberha, with full completion of the Eastern Cape centre on track for November 2026.
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Mukuru housing row: Board answers disgruntled depositors
Kenya's Affordable Housing Board has responded to Mukuru applicants who paid deposits for units, saying 15,142 applicants are yet to secure alternative units in the ongoing housing programme.