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News

Catch up on the latest real estate news, updates, and development stories from African markets.

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Page 31 of 68

Latest News

FG Moves to Reform Off-Plan Housing Market with mandatory Escrow Accounts and Developer Licensing

The Ministry of Housing and Urban Development introduces new safeguards, including escrow-backed payments and strict developer licensing, under the draft National Housing and Built Environment Regulation Policy to curb project abandonment and protect off-plan buyers.

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CBN Credit Survey Reports Surge in Mortgage and House-Purchase Demand

The Central Bank of Nigeria's latest Credit Conditions Survey highlights growing borrower appetite for home equity, mortgages, and consumer financing alongside higher commercial bank loan approval rates.

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Ikoyi Leads Surge in Lagos Island Rental Prices as Two-Bedroom Apartments Hit ₦17.25 Million Average

According to the Lagos Island Residential Market Report 2026, average annual rents for two-bedroom apartments across major Lagos Island corridors have surged dramatically between 2022 and 2026, driven by land scarcity, corporate demand, and limited inventory supply.

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Squeeze on Profits: High Costs and Market Saturation Hit Lagos Short-Let Investors

A surge of new short-let properties in Lagos prime areas is driving up competition and driving down returns, as hosts struggle with rising power, fuel, and maintenance expenses.

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FMBN Fire: Minister Assures Customer Data and Mortgage Records Are Safe

Minister Ahmed Dangiwa reassures National Housing Fund contributors and mortgage customers that all records remain intact following a fire at the FMBN headquarters, with core systems backed up digitally.

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South Africa’s Coalition Splits Over Land Law as DA Takes Fight to Court

South Africa’s governing coalition is heading for a major showdown over land ownership. The Democratic Alliance wants the country’s controversial Expropriation Act scrapped, warning it could undermine property rights and investor confidence.

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R285.5 Million Sale Breaks South Africa’s Property Auction Record

Specialist auction house In2Assets closes a milestone transaction on a high-value manufacturing and logistics facility in Durban’s Southern Industrial Basin, surpassing the national single-lot record set in 2014.

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Property Consultant Warns Ghanaians to Verify Land Before Buying

Attractive land adverts are not proof of ownership. A property consultant is urging buyers to inspect properties physically, conduct proper searches, and engage qualified lawyers before committing money to land purchases.

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Lagos Moves to Blacklist Fraudulent Estate Agents as EFCC Steps Up Property Fraud Fight

Nigeria’s anti-graft agency is pushing Lagos regulators to publish a deny list of fraudulent estate agents and developers. The proposed measure could give property buyers a stronger tool for checking who they trust with their money.