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Market news

Published stories attached to the Market news category.

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News

Forbes Global Properties Expands into South Africa to Capitalize on Luxury Real Estate Demand

The international real estate brand enters the South African market, offering local high-net-worth sellers direct reach to elite global buyers across prime residential hotspots.

News

Lagos Disburses N3.1 Billion in Compensation to 331 Displaced Property Owners

Governor Babajide Sanwo-Olu presents compensation cheques to citizens affected by road and infrastructure projects across Badagry, Epe, Ikorodu, Igbogbo, and Ogba.

News

Five-Bedroom Luxury Homes in Ikoyi Cross Historic N1.1 Billion Price Mark

High-end property values on Lagos Island are reaching dizzying heights as ultra-prime residences smash past the billion-naira mark. Elite buyers and dollar-backed corporate tenants are locked in a fierce bid for limited inventory, driving a historic five-year capital growth streak.

Article

Mortgage Shortage Stalls Zimbabwe’s Property Market Growth

Zimbabwe's property market has demand—but not the financing to match. Industry leaders say the lack of long-term mortgages is preventing billions in real estate investment.

News

Average Annual Rent in Lekki Phase 1 Skyrockets to Record-Breaking N10 Million

Lagos’ Lekki Phase 1 has reached a new rental milestone. Average annual rents have climbed to ₦10 million, making it one of Nigeria’s fastest-growing luxury residential markets.

Article

Nigeria Breaks Into Africa’s Most Expensive Luxury Rental Markets

Nigeria’s luxury housing market is outperforming expectations. Lagos and Abuja now rank among Africa’s costliest rental destinations as wealthy tenants compete for limited premium homes.

News

Johannesburg Apartment Prices Are Falling as Buyers Look Elsewhere

Johannesburg’s once-booming sectional title market is showing unexpected weakness. Apartment and complex prices are declining even as demand for secure housing grows across South Africa.

News

Nigerians Are Delaying Homes as Living Costs Crush Big Purchases

The dream of owning a home is being pushed further away for many Nigerians. Rising living costs and expensive financing are forcing households to prioritise survival over major investments.

Article

Unanswered Property Leads Cost Zimbabwe Agents Millions

Over 2,400 property enquiries went unanswered in just one month, costing Zimbabwean agents thousands in lost commissions. A new CRM platform hopes to turn missed messages into closed deals.