News
Catch up on the latest real estate news, updates, and development stories from African markets.
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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.
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.
Kenya’s National Social Security Fund is reviving a long-delayed plan to transform 1,000 acres in Mavoko into a mixed-use urban centre. The proposed development could include homes, commercial space, light industry, warehouses and hospitality facilities.
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.
Architect Akua Birmeh is urging prospective homeowners to prioritise location over house size when buying or building property. She says commuting costs, access to essential services and daily travel time can outweigh the apparent savings from choosing a cheaper property farther from the city.
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.
Nigerian PropTech startup NestFlow secures contracts worth ₦14 million by targeting operational gaps—such as poor follow-ups, missing inventory, and untracked maintenance—that drain profits in hotels and serviced apartments.
New roads and landmark infrastructure under the FCT Administration are unlocking peripheral districts like Katampe, Guzape, and Apo, but resulting land speculation and steep rent hikes are pricing out small businesses and middle-income residents.
China commits an RMB 200 million (approx. ₦40.3 billion) grant to Nigeria to fund mutually agreed development projects, reinforcing economic cooperation under the China-Nigeria Comprehensive Strategic Partnership.