News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Research presented at a GTI Group forum shows Lagos requires about N6 trillion a year to bridge its housing capital gap, with the state's housing deficit now put at 3.4 million units.
Egypt's planned Forbes International Tower in the New Capital Central Business District is targeting net-zero carbon emissions by 2030 and LEED Platinum certification, with the Ministry of Local Development and Environment reviewing sustainability plans for the development.
The Group Managing Director of Haldane McCall Plc, Edward Akinlade, says lower-cost financing, better infrastructure and simpler land and tax policies are needed to unlock investment in Nigeria's real estate and hospitality sectors.
A 23 percent jump in cement prices this week to N16,000 per 50kg bag has stalled building work across Nigeria, prompting the FCCPC to investigate possible price manipulation by major manufacturers.
The Kenya Revenue Authority can now pursue unpaid housing levy as though it were tax debt, after the Finance Act 2026 gave it explicit recovery powers, with more than Sh100 billion estimated unpaid or evaded.
Annual rent inflation in Nigeria jumped to 33.74 percent in July from 14.79 percent in June, according to National Bureau of Statistics data, even as headline inflation eased.
JSE-listed REIT Vukile Property Fund has completed and opened a R76.1 million extension and refurbishment of Nonesi Mall in Komani, adding 3,100 square metres of fully pre-let retail space.
South Africa's Special Tribunal has set aside irregular arrangements between the eThekwini Municipality and three companies behind the Phoenix infill housing project, barring new construction.
Shareholders of JSE-listed residential developer Balwin Properties have overwhelmingly approved the scheme of arrangement that will take the company private in a R2.3bn, Public Investment Corporation-led deal.