News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Kogi lawmakers are advancing a new tenancy law aimed at curbing arbitrary rent increases and excessive agency charges. The proposed framework would also require estate agents to register with the state Ministry of Housing.
Enugu State has regained control of a disputed 1.4-hectare property in Abuja’s Wuye District and started construction of a 43-unit residential estate. The project combines public land with private-sector development expertise after a three-year delay.
Residents of Abuja’s Lugbe FHA Estate are asking authorities to clarify the community’s approved master plan after proposed construction along a road corridor raised concerns about access, drainage and future development.
Two-bedroom apartment rents across Lagos Island’s prime residential markets have more than doubled since 2022. Ikoyi now commands the highest average annual rent at ₦17.25 million, while even relatively cheaper areas such as Ikate have recorded sharp increases.
Nairobi is facing a housing paradox: the city has a major housing shortage, yet apartment values are falling in several areas. An emerging shift toward larger homes, master-planned communities and better infrastructure is reshaping where buyers want to live.
LAPTRUST Imara I-REIT reported a sharp decline in first-half earnings despite higher occupancy across its property portfolio. Falling rental income and lower property values are putting pressure on returns for investors.
Land in Nairobi’s satellite towns has delivered exceptional long-term growth, with KSh1 million invested in 2007 reaching KSh13.71 million by Q2 2026. The performance highlights how infrastructure, population growth and expanding commercial centres are reshaping Kenya’s property market.
Kenya’s property market is seeing growing interest in “space as a service,” allowing owners to generate additional income from underused rooms, apartments, rooftops and event spaces. Book Mahali says its platform now connects more than 500 listings across seven Kenyan cities with short-term users.
Prospective homeowners are being urged to carry out thorough land searches before making payments. The Lands Commission says checking ownership, obtaining a site plan and registering acquired property can help buyers avoid fraud, double sales and costly disputes.