Market news

Published stories attached to the Market news category.

428 items

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Why a crash is imminent in Nigeria's real estate bubble

Nigeria's real estate bubble faces an imminent market correction as construction costs surge 100 percent, rents climb 200 percent, and affordability collapses, analysts warn.

News

KCB Allowed to Take Over Kilimani Apartments in Sh2bn Loan Row

A Kenyan High Court has ruled that KCB Bank acted within its rights in placing Northcote Business Centre's Kilimani apartment blocks under administration to recover defaulted Sh2 billion ($16 million) loans.

News

NIESV Warns Tax Burden, Fiscal Policy Threaten Real Estate Value

The Nigerian Institution of Estate Surveyors and Valuers has warned that taxation, inflation and government fiscal policies are increasingly shaping the value and performance of real estate assets.

News

Nigeria's Real Estate Market Projected to Hit $40bn by 2030

Nigeria's real estate market is projected to grow from $32.2 billion in 2025 to $40 billion by 2030, driven by urbanisation and rising demand for residential, commercial and industrial property.

News

Membley Emerges as a Major Residential Hub After Kahawa Sukari Spillover

Once a sparsely developed area on Nairobi’s outskirts, Membley has transformed into a thriving residential and commercial hub. Rising land values, improved roads and strong demand from homebuyers are driving the estate’s rapid expansion.

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Veritasi Homes Executes ₦50 Billion Non-Interest Commercial Paper Programme to Drive Real Estate Expansion

Veritasi Homes & Properties Plc has formally executed a ₦50 billion Non-Interest Commercial Paper (CP) Programme. The ethical financing initiative will accelerate the delivery of residential communities across Nigeria while expanding the developer's presence in key markets.

News

Nairobi Housing Market Faces Mismatch as Buyers Move Beyond Apartments

Nairobi is facing a housing paradox: the city has a major housing shortage, yet apartment values are falling in several areas. An emerging shift toward larger homes, master-planned communities and better infrastructure is reshaping where buyers want to live.

News

Republic Bank Signs Three-Year Deal to Sponsor JoyNews Habitat Fair

Republic Bank Ghana has become the title sponsor of the JoyNews Habitat Fair under a new three-year partnership. The expanded initiative will connect prospective homeowners with mortgage providers, developers and other housing-sector professionals across Ghana.

News

Ikoyi Leads Surge in Lagos Island Rental Prices as Two-Bedroom Apartments Hit ₦17.25 Million Average

According to the Lagos Island Residential Market Report 2026, average annual rents for two-bedroom apartments across major Lagos Island corridors have surged dramatically between 2022 and 2026, driven by land scarcity, corporate demand, and limited inventory supply.