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Published stories attached to the Market news category.
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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.
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.
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.
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.
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.
A R1 billion luxury branded development is heading to South Africa’s coast. The project signals growing global appetite for high-end lifestyle estates in the country.
Higher borrowing costs were expected to slow the housing market—but buyers aren't backing down. Homes across South Africa are now selling faster than they were just months ago.
Property fires in Bulawayo have surged 60% this year, with ageing electrical systems emerging as the biggest threat. City officials warn that poor wiring, overloaded circuits and weak safety compliance are putting homes and businesses at growing risk.
Tanzania’s mortgage market grew nearly 11% year-on-year despite relatively high lending rates. Rising housing demand and steady economic growth are helping drive expansion across the sector.