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Market news

Published stories attached to the Market news category.

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Article

What it costs to live near South Africa's most prestigious school districts

Homes in the catchment areas of top Western Cape and Gauteng schools generally cost well over R1 million, with Durbanville averaging about R3 million, new analysis of school districts shows.

News

NREIT profit jumps 328% to N6.05 billion in H1 2026, declares N1.72 per unit distribution

Nigeria Real Estate Investment Trust grew pre-tax profit by 328.17% year on year to N6.05 billion in the first half of 2026 and declared a N1.72 per unit distribution.

Article

Building materials crisis: Nigeria's construction costs surge over 400% in five years, experts warn

The cost of building materials in Nigeria has risen by about 420 per cent in five years, pricing developers and homeowners out of the market and worsening a housing deficit now estimated at over 28 million units.

News

Limpopo emerges as South Africa's second-fastest growing property market

Official data from Statistics South Africa shows home values in Limpopo rose 9.5% year on year, making the province the country's second-fastest growing residential property market behind the Western Cape.

Article

Employer-backed mortgages could unlock homeownership for salaried Kenyans

With only a tiny share of Kenya's salaried workers able to access mortgages, industry players are pushing employer-backed home loans repaid through payroll check-off as a way to lift homeownership and help developers scale up.

News

Lagos developers chasing prime housing finance as middle-class incomes rise, Sage Grey MD says

Developers are increasingly seeking financing for housing projects in prime Lagos areas such as Ikoyi, Victoria Island and Lekki, driven by infrastructure and growing middle-class prosperity, says Sage Grey Group Managing Director Temitope Runsewe.

News

FirstTrust Mortgage Bank unveils N250m mortgage suite to expand homeownership

FirstTrust Mortgage Bank has launched a suite of mortgage and real estate development products with facilities of up to N250 million and repayment tenors of up to 20 years, targeting individual buyers, self-employed professionals and commercial developers.

Article

Why Osun State's housing gap is now catching developers' attention

With the Federal Housing Authority breaking ground on a 241-unit estate in Osogbo and land still comparatively affordable, developers and analysts say Osun State is becoming one of the more closely watched housing markets in Nigeria's South-West.

News

Gladdens Homes director charged over Ksh28m housing fraud scheme

Bildad Nzuki Wambua, a director of Gladdens Homes Limited, has been charged over an alleged housing fraud scheme in which 22 victims are reported to have lost Ksh28 million.