News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Kano State House of Assembly has begun moves to regulate rent increases after lawmakers said annual house rents had doubled and shop rents had risen from N1 million to N2 million within a year.
Banque Misr has signed EGP 10 billion in financing agreements with Founders Real Estate Marketing, the marketing arm of Hyde Park Developments, to fund integrated residential, commercial and administrative projects in Egypt.
JSE-listed Attacq and Tricolt Group have started construction on Aspire Waterfall City, a R624 million residential development of 217 apartments and penthouses in Gauteng, with more than three quarters of the units pre-sold.
Lagos State Governor Babajide Sanwo-Olu says independent estimates put the state's housing gap at more than 3.3 million homes, as his administration reports delivering 10,623 homes over seven years.
The Tanzanian government has paid 49 billion shillings in compensation to residents relocating to pave the way for the Bagamoyo Port Strategic Project, with valuation and acquisition of 887 hectares now complete.
The State Housing Company Limited is targeting the delivery of nearly 600 housing units in 2027, its Managing Director John Bawah has said, as the developer opened its 195-unit Surge Homes project at Amrahia in the Greater Accra Region.
Interior Principal Secretary Raymond Omollo says the Pioneer Affordable Housing Project in Eldoret, comprising 2,148 housing units, is entering its final phase of construction as the government responds to housing demand after the town was elevated to city status.
Public Works and Infrastructure Minister Dean Macpherson says the government will approach the Western Cape High Court on October 19 to stop further occupation and construction on state-owned land at Knoflokskraal while establishing who lives on the site.
Kenya’s High Court has dismissed a petition accusing Lands Cabinet Secretary Alice Wahome of corruption, irregular procurement and abuse of office in the Southlands housing project, ruling that the claims were unsubstantiated.