News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Architect Akua Birmeh is urging prospective homeowners to prioritise location over house size when buying or building property. She says commuting costs, access to essential services and daily travel time can outweigh the apparent savings from choosing a cheaper property farther from the city.
Veritasi Homes & Properties Plc has formally executed a ₦50 billion Non-Interest Commercial Paper (CP) Programme. The ethical financing initiative will accelerate the delivery of residential communities across Nigeria while expanding the developer's presence in key markets.
Nigerian PropTech startup NestFlow secures contracts worth ₦14 million by targeting operational gaps—such as poor follow-ups, missing inventory, and untracked maintenance—that drain profits in hotels and serviced apartments.
New roads and landmark infrastructure under the FCT Administration are unlocking peripheral districts like Katampe, Guzape, and Apo, but resulting land speculation and steep rent hikes are pricing out small businesses and middle-income residents.
China commits an RMB 200 million (approx. ₦40.3 billion) grant to Nigeria to fund mutually agreed development projects, reinforcing economic cooperation under the China-Nigeria Comprehensive Strategic Partnership.
A new high-rise residential tower in Ikoyi targets Lagos's premium housing market by combining eco-friendly infrastructure, high-end amenities, and strict structural compliance standards.
Despite a N50 trillion financing gap and over 20 million deficit in housing, Nigeria’s N600 million listed REIT market remains underutilized for mass residential funding amid high interest rates and regulatory constraints.
Weak project financing, delayed infrastructure, and over-reliance on off-plan buyer deposits leave subscribers holding illiquid plots in stalled residential developments across Nigeria.
The FCT Administration has formally shut the secretariat of the dissolved committee overseeing the sale of Federal Government houses in Abuja. A new division within the Department of Land Administration will now handle related matters.