News
Catch up on the latest real estate news, updates, and development stories from African markets.
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HDAN says homes could deliver more lasting economic value than phones and laptops as political empowerment tools. The housing advocacy group wants affordable homeownership placed at the centre of Nigeria’s development agenda.
Nigeria’s commercial property market is facing an unusual problem: strong demand exists, yet completed buildings are still sitting vacant. High rents, expensive operating costs and a shift toward smaller, flexible spaces are widening the gap between what developers build and what businesses want.
Two influential Nigerian voices are pressing government to make affordable housing a national priority as homeownership becomes increasingly difficult. Their calls put renewed focus on housing laws, worker contributions and financing reforms.
Nigeria’s mortgage lenders want the government to accelerate MREIF as high financing costs continue to restrict homeownership. Faster implementation could unlock cheaper, longer-term mortgages while giving developers stronger demand for new housing.
A former roadside truck stop is becoming one of the fastest-rising property markets on Nairobi’s eastern edge. Kyumbi’s strategic highway location, improving connectivity, and proximity to Konza Technopolis are drawing homebuyers, developers, and land speculators.
VAAL Real Estate has launched its eighth residential project in Ghana, bringing new premium apartments to one of Accra’s most sought-after neighbourhoods. Moonbow targets urban professionals, homeowners, and investors seeking compact, high-end residences with long-term value.
The Lagos State Government completes a comprehensive re-mapping of the Lekki corridor to eliminate boundary disputes, modernize cadastral records, and guide rapid urban growth.
In a high-level meeting in Abuja, Japanese consultancy Chodai Co. expressed interest in partnering with the Federal Ministry of Housing to drive smart city development, social housing, and renewable energy infrastructure across all 774 local government areas.
High-level bilateral discussions in Abuja focus on attracting Saudi real estate developers, advancing modern construction technology, and funding large-scale urban development initiatives.