News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Kenya's affordable housing programme is advancing at sharply different speeds across regions, with over 220,000 units under development but only 14,219 allocated so far, raising concerns that priority is going to the privileged rather than the lowest-income households.
Cape Town ratepayers and civic groups are challenging the city's rising property valuations and municipal tariffs, arguing they are worsening affordability despite the municipality's claims of maintaining the lowest cost basket among South Africa's major metros.
Mowe Golf Town, a partnership between Legal City and Gidi Real Estate, held its second major home allocation of 2026 on September 3, following a February handover completed less than a year after breaking ground.
Nigeria's $1 billion Port Modernization Programme is driving a real estate boom across the South-South region, with industrial warehouse leasing rates spiking 45-65% year-on-year as Port Harcourt, Calabar and Warri attract logistics investment.
More than 452 Glen Lorne residents in Harare have appealed to President Mnangagwa to stop a housing development on environmentally sensitive land until it is independently assessed.
Cape Town civic groups say rising property valuations, tariffs and housing costs are straining households, while the city defends its relief measures and lowest-cost claims.
Kenya's National Land Commission intends to acquire 13 parcels in Kiambu County for the James Gichuru Junction-Rironi highway project, after years of court battles over compensation.
Nairobi County has gazetted its 2027 land rates, due from 1 January 2027, setting flat charges by plot size and valuation-based rates capped at double what owners paid in 2022.
Nawy Now, the mortgage arm of Egyptian real estate platform Nawy, has offloaded EGP 633 million of mortgages to an investment fund in its second issuance, freeing up balance-sheet capacity.