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Published stories attached to the Market news category.
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UPDC REIT units fell from N21.15 to N17.50 in the week to October 23, erasing about N9.75 billion in market capitalisation, even as the trust's half-year rental income rose 88.35%.
Moneyweb columnist Keith McLachlan weighs JSE-listed retail Reits against population and finds South Africa, and Gauteng in particular, carrying more shopping-centre space per person than its income level would suggest.
Deyaar Construction and Development chairperson Hany Farag says buyers should receive a complete cost breakdown covering finishing, maintenance and service charges, not just the advertised price.
A Lagos property platform analysed 10,857 rental and sale listings for the third quarter and found deep affordability and transparency gaps, including price gaps between agents handling the same home.
The body representing institutional residential landlords says tenants face a tough year as electricity, fuel and municipal costs climb, with the Medium-Term Budget Policy Statement offering little immediate relief.
Civil servants, traders, students and young professionals across Abuja are splitting rent and sharing flats, not as a lifestyle choice but as an economic necessity as housing costs outpace stagnant wages.
Property groups have welcomed Finance Minister Enoch Godongwana's Medium-Term Budget Policy Statement as a stable fiscal plan, but say lower interest rates are needed to revive the housing market.
Kenya's Supreme Court has dismissed Kakuzi PLC's appeal over about 72 acres in Murang'a County, ending a long dispute with Makuyu Club, which has used the land as a golf course since 1934.
Governor Babajide Sanwo-Olu says Lagos State has delivered 10,623 housing units across 23 estates in its five administrative divisions since 2019, with 4,414 units funded directly from the budget and 6,209 through public-private partnerships.