News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Tanzania's Ministry of Lands says Lupita Island in Lake Tanganyika is being transferred to another investor and has not been sold, after US investor Tim Draper announced plans to sell his investment.
Springpet Homes Limited has changed its corporate identity to Springpet Development Limited, reflecting an expansion from residential housing into broader real estate and infrastructure development.
Prime land in Lagos costs about $1 million for 507 square metres, making it the second-most expensive market among 11 major African cities surveyed in an Estate Intel report.
Pan-African developer Mixta Africa says the Federal Government’s proposed housing reforms could strengthen buyer protection and boost confidence in Nigeria’s housing market.
Lagos has a homeownership rate of 31%, with 51% of residents living in rented accommodation, according to a report by Fortren & Company.
No fewer than eight people are feared trapped after a two-storey building collapsed in Ilorin, the Kwara State capital, in the early hours of Tuesday.
Isuan Agro Estate Ltd (AHARA) has held the maiden edition of its Land Banker Summit in Abuja to bridge knowledge gaps on real estate and land investment in Nigeria.
Construction is nearing completion on the first phase of the R2.1 billion Cornubia development in northern Durban, which includes a Leroy Merlin retail project and future commercial facilities.
The federal government has handed over 129 housing units to beneficiaries of the FMBN Rent-to-Own programme in Nasarawa State and promised to deliver the remaining 122 units before the end of 2026.