News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Egypt's new digital facilities for real estate taxpayers drew more than 612,000 electronic accounts and 490,000 tax declarations in their first two months, Finance Minister Ahmed Kouchouk said.
First beneficiaries have begun occupying completed units at Nairobi's Mukuru affordable housing project, with the Affordable Housing Board saying more homeowners will move in within three weeks.
Lagos-based commercial interior designer Micah G. Oluwadare shows how a former residential staff-quarters building was transformed into a functional corporate technology workspace for Capricorn Digital Limited, demonstrating the potential of adaptive reuse in commercial real estate.
An industry report projects Nigeria’s real estate market will grow at a compound annual rate of 6.9% between 2025 and 2029, outpacing Kenya, Rwanda, Ghana and South Africa, thanks to rapid urbanisation and a persistent housing shortage.
The ongoing $13 billion Lagos-Calabar Coastal Highway is reshaping property values along southern Nigeria’s corridor, with land values rising by as much as 133% in two years and investors turning to emerging coastal districts in Ondo, Edo and Delta.
Fame Oyster & Co. CEO Olufemi Oyedele urges the federal government to abandon attempts to regulate cement prices, arguing that Nigeria’s housing crisis stems from a faulty building production system rather than the activities of cement manufacturers.
Egyptian proptech Nawy closed a second EGP633mn Sharia-compliant fixed-income fund backed by mortgage receivables, taking total issuance above EGP1bn and establishing a repeatable capital-markets channel to fund home financing.
Kenya's 1.5% Housing Levy collects about Ksh6 billion monthly, but the Housing Principal Secretary says that amount cannot sustain the government's target of constructing 200,000 affordable homes every year.
SA listed property specialists say improving retail and industrial fundamentals could support the sector despite weak domestic growth, with potential annual total returns of 14% to 17% over the next two to three years.