News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Redefine Properties expects its South African office vacancies to fall below 10% in FY2027, targeting 7.5% by the last quarter, as the SA office property sector improves.
Real estate stakeholders have flagged off work on a new 50-hectare residential project in Abuja's Kansas district, positioning private-sector collaboration as key to closing Nigeria's over 20 million-unit housing gap.
The Egyptian Cabinet has issued a decision regulating the committee that assesses compensation for owners of heritage buildings, covering expropriation and restrictions on demolition or additions.
The auction of former Cabinet Secretary Raphael Tuju's Entim Sidai Wellness Sanctuary property in Karen, Nairobi, aborted after no qualified bidders showed up, amid an ongoing dispute with East Africa Development Bank.
State Housing Company Limited and Absa Bank Ghana have signed a memorandum of understanding aimed at expanding access to mortgage financing and addressing Ghana's estimated housing deficit of 1.8 million units.
A report by the Housing Development Advocacy Network says Nigeria's mortgage penetration remains extremely low, blaming short-term money, high interest rates and weak land administration rather than a lack of demand.
The Chief Emeka Agba Foundation has petitioned Nigeria's EFCC to examine Dubai-based Rise Properties LLC ahead of property investment marketing events scheduled for Abuja in September.
Lightstone data shows foreign nationals account for about 6% of South African property purchases, with the share climbing to roughly 39% among homes valued above R20 million.
Cape Town is packaging and de-risking city-owned land to draw private capital into affordable housing, with over R7 billion in land released since its Mayoral Priority Programme began.