News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Two-bedroom apartment rents across Lagos Island’s prime residential markets have more than doubled since 2022. Ikoyi now commands the highest average annual rent at ₦17.25 million, while even relatively cheaper areas such as Ikate have recorded sharp increases.
Nairobi is facing a housing paradox: the city has a major housing shortage, yet apartment values are falling in several areas. An emerging shift toward larger homes, master-planned communities and better infrastructure is reshaping where buyers want to live.
LAPTRUST Imara I-REIT reported a sharp decline in first-half earnings despite higher occupancy across its property portfolio. Falling rental income and lower property values are putting pressure on returns for investors.
Land in Nairobi’s satellite towns has delivered exceptional long-term growth, with KSh1 million invested in 2007 reaching KSh13.71 million by Q2 2026. The performance highlights how infrastructure, population growth and expanding commercial centres are reshaping Kenya’s property market.
Kenya’s property market is seeing growing interest in “space as a service,” allowing owners to generate additional income from underused rooms, apartments, rooftops and event spaces. Book Mahali says its platform now connects more than 500 listings across seven Kenyan cities with short-term users.
Prospective homeowners are being urged to carry out thorough land searches before making payments. The Lands Commission says checking ownership, obtaining a site plan and registering acquired property can help buyers avoid fraud, double sales and costly disputes.
Republic Bank Ghana has become the title sponsor of the JoyNews Habitat Fair under a new three-year partnership. The expanded initiative will connect prospective homeowners with mortgage providers, developers and other housing-sector professionals across Ghana.
Prospective homeowners in Ghana are being encouraged to avoid taking on oversized loans and instead build homes in stages. Republic Bank says incremental construction can make homeownership more manageable as household incomes grow.
Sir David Adjaye says Africa needs an architectural language that reflects its faith, culture and identity. Speaking in Accra, he argued that religious buildings can become catalysts for tourism, education and economic activity.