News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Specialist auction house In2Assets closes a milestone transaction on a high-value manufacturing and logistics facility in Durban’s Southern Industrial Basin, surpassing the national single-lot record set in 2014.
Attractive land adverts are not proof of ownership. A property consultant is urging buyers to inspect properties physically, conduct proper searches, and engage qualified lawyers before committing money to land purchases.
Nigeria’s anti-graft agency is pushing Lagos regulators to publish a deny list of fraudulent estate agents and developers. The proposed measure could give property buyers a stronger tool for checking who they trust with their money.
Kano’s governor is defending the allocation of more than 2,000 plots amid criticism over who received them. He says the land should become homes and family assets—not another opportunity for property speculation.
Kano is putting more than 2,000 residential plots into the hands of families as it tackles housing shortages and planned urban growth. The initiative could unlock new construction and create long-term property wealth if infrastructure keeps pace.
New roads and urban upgrades are making parts of Abuja more attractive—and more expensive. As infrastructure unlocks new growth corridors, rising rents are adding pressure to an already stretched housing market.
Nigeria’s real estate developers could face annual professional certification under a new industry proposal. REDAN says the system would help buyers distinguish credible developers from unregistered operators and reduce property investment risks.
HDAN says homes could deliver more lasting economic value than phones and laptops as political empowerment tools. The housing advocacy group wants affordable homeownership placed at the centre of Nigeria’s development agenda.
Nigeria’s commercial property market is facing an unusual problem: strong demand exists, yet completed buildings are still sitting vacant. High rents, expensive operating costs and a shift toward smaller, flexible spaces are widening the gap between what developers build and what businesses want.