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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 36 of 68

Latest News

Court Orders Forfeiture of 52 Lekki Homes Over Illicit Funds Claims

A Lagos court has transferred ownership of 52 luxury housing units to the Nigerian government after a major asset recovery case. The ruling highlights growing scrutiny of real estate transactions linked to suspected financial crimes.

Latest News

Kebbi Advances 250-Home Estate to Expand Affordable Housing Supply

A new housing estate in Kebbi is moving forward as the state targets more planned residential communities. The project aims to ease housing pressure while supporting urban growth and construction activity.

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FMBN Finances Over 9,000 Homes in Two-Year Housing Push

Nigeria’s housing finance agency has accelerated affordable housing delivery with funding for more than 9,000 units. The move highlights a growing push to expand home access through mortgage-backed development.

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Enugu Approves 19,000 Homes in Major Housing Expansion

Enugu is taking a bold step to tackle its housing shortage with plans for 19,000 new homes. The twin developments could reshape the state's residential market while supporting long-term urban growth.

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Tinubu Unveils 154,800 Affordable Homes in Nationwide Housing Drive

Nigeria is scaling up its housing ambitions with plans for 154,800 affordable homes across the country. The initiative aims to ease the housing deficit while creating jobs and stimulating economic growth.

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Kenya’s Super-Rich Shift Billions Away From Traditional Property

Kenya’s wealthiest investors are moving away from direct property ownership. Instead, they’re chasing liquid assets, passive income, and emerging sectors with stronger long-term growth prospects.

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Kenya’s Wealthy Rethink Property as Investment Priorities Shift

Kenya’s high-net-worth investors are changing how they build wealth. Instead of buying more property, many are prioritising liquid, income-generating assets while keeping real estate for lifestyle and long-term value.

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High Court Rules "Sales Puffery" Offers No Legal Guarantees for South African Homebuyers

A landmark Western Cape High Court judgment places the full burden of property due diligence back onto buyers, ruling that flattering real estate ad descriptions cannot protect against hidden defects.

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Large-Scale Building Demolitions Skyrocket Rents and Displace Thousands in Lagos

A aggressive regulatory crackdown on illegal and structurally unsafe buildings has triggered an unintended social crisis in Africa's largest megacity, squeezing the affordable housing market to its absolute limits.