News
Catch up on the latest real estate news, updates, and development stories from African markets.
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More than 20 properties in Ikeja have been shut down as Lagos intensifies enforcement of planning rules. The crackdown highlights growing pressure on developers to secure approvals before construction or major alterations.
Edo State wants to turn a prime Victoria Island property into funding for a major Benin City project. But the proposed sale is already raising questions about whether valuable public land should be sold or retained for future returns.
Rents in some Abuja neighbourhoods have jumped as much as 120% in two years, pushing more households toward the city’s outskirts. With rent consuming up to 70% of household income, affordability is becoming a defining challenge for the capital’s housing market.
Nigeria’s listed REITs are delivering returns that beat rental yields from several Lagos residential markets. With UPDC REIT up more than 41% and UH REIT above 35% in 2026, investors are getting a new way to gain property exposure without owning a building.
Nigeria is preparing stricter rules for property developers as authorities seek to protect homebuyers from costly housing scams. Mandatory licensing and escrow accounts could fundamentally change how off-plan properties are sold.
Ghana’s construction cost pressures remain subdued overall, but equipment costs are flashing a warning sign. Building cost inflation rose to 3.1% in June even as overall input prices fell slightly month-on-month.
A boutique apartment project in Airport Residential has sold 82% of its units just seven months after launch. The performance highlights growing investor interest in smaller, privacy-focused developments with strong rental potential.
The Nairobi Securities Exchange is preparing to sell its own headquarters in Westlands. The move signals a notable shift in how major institutions are managing valuable commercial property assets.
Kenya’s apartment market is losing ground, with prices falling 3% year-on-year in the first quarter of 2026. Buyers are increasingly favouring standalone houses, reshaping demand across the residential property market.