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Published stories attached to the Market news category.
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State Housing Company Limited and Absa Bank Ghana have signed a memorandum of understanding aimed at expanding access to mortgage financing and addressing Ghana's estimated housing deficit of 1.8 million units.
A report by the Housing Development Advocacy Network says Nigeria's mortgage penetration remains extremely low, blaming short-term money, high interest rates and weak land administration rather than a lack of demand.
Analysts say persistent rental growth across cities is strengthening the case for patient capital to invest in larger residential assets, with mid-market multifamily properties emerging as a focus.
Lightstone data shows foreign nationals account for about 6% of South African property purchases, with the share climbing to roughly 39% among homes valued above R20 million.
Abuja faces an estimated 1.7 million-unit housing deficit, with many luxury properties standing under-occupied while residents struggle to afford homes, a new HDAN report warns.
A real estate expert warns that the rapid conversion of Lagos homes into short-term rentals is shrinking the long-term housing supply, pushing up rents and pricing workers out of the city's commercial centres.
The Labour Court ordered Andries Helani, the University of Johannesburg's former Senior Director of Student Affairs, to repay over R18.18 million for helping non-compliant private student accommodation providers secure accreditation.
Kenya's High Court has upheld SBM Bank's priority in the liquidation of the Cytonn-backed Alma project in Ruaka, a 477-unit residential development, to recover a defaulted Sh650 million loan.
State-owned Transnet plans to sell 15 non-core commercial properties, including the historic Carlton Centre in Johannesburg and the Durban Station precinct.