News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Nigeria is preparing stricter rules for property developers as authorities seek to protect homebuyers from costly housing scams. Mandatory licensing and escrow accounts could fundamentally change how off-plan properties are sold.
Ghana’s construction cost pressures remain subdued overall, but equipment costs are flashing a warning sign. Building cost inflation rose to 3.1% in June even as overall input prices fell slightly month-on-month.
A boutique apartment project in Airport Residential has sold 82% of its units just seven months after launch. The performance highlights growing investor interest in smaller, privacy-focused developments with strong rental potential.
The Nairobi Securities Exchange is preparing to sell its own headquarters in Westlands. The move signals a notable shift in how major institutions are managing valuable commercial property assets.
Kenya’s apartment market is losing ground, with prices falling 3% year-on-year in the first quarter of 2026. Buyers are increasingly favouring standalone houses, reshaping demand across the residential property market.
Kenya’s anti-corruption agency is pursuing the recovery of prime Kisumu land valued at about KSh4.5 billion. The case alleges that 7.6 acres belonging to the Kenya Prisons Service were fraudulently acquired, putting public property and land governance under renewed scrutiny
Kenya’s construction sector is expanding, but the biggest challenge may be finding workers with the right technical skills. New data shows skilled labour is becoming increasingly valuable as developers adopt more specialised and mechanised building methods.
Despite fears of a pre-emptive rate hike driven by rising inflation, the South African Reserve Bank holds the repo rate steady at 7.00%, offering bonded property owners much-needed financial breathing room.
Property developers and diaspora investors can now process physical planning approvals 24/7 from anywhere in the world, as Lagos State completely outlaws manual building permits.