News
Catch up on the latest real estate news, updates, and development stories from African markets.
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A 23 percent jump in cement prices this week to N16,000 per 50kg bag has stalled building work across Nigeria, prompting the FCCPC to investigate possible price manipulation by major manufacturers.
The Kenya Revenue Authority can now pursue unpaid housing levy as though it were tax debt, after the Finance Act 2026 gave it explicit recovery powers, with more than Sh100 billion estimated unpaid or evaded.
Annual rent inflation in Nigeria jumped to 33.74 percent in July from 14.79 percent in June, according to National Bureau of Statistics data, even as headline inflation eased.
JSE-listed REIT Vukile Property Fund has completed and opened a R76.1 million extension and refurbishment of Nonesi Mall in Komani, adding 3,100 square metres of fully pre-let retail space.
South Africa's Special Tribunal has set aside irregular arrangements between the eThekwini Municipality and three companies behind the Phoenix infill housing project, barring new construction.
Shareholders of JSE-listed residential developer Balwin Properties have overwhelmingly approved the scheme of arrangement that will take the company private in a R2.3bn, Public Investment Corporation-led deal.
International Housing Solutions Kenya says expensive financing and tax uncertainty are slowing the country's affordable housing push, as it unveils a Sh1 billion, 240-unit development in Tilisi.
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.
Kenya's government has stopped parking workers' housing levy deductions in short-term Treasury bills, with Housing Principal Secretary Charles Hinga saying the Affordable Housing Fund now holds zero money in T-bills as project absorption improves.