News
Catch up on the latest real estate news, updates, and development stories from African markets.
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One of South Africa’s most prestigious overseas properties has been forced to close. Years of poor maintenance have left the historic London landmark requiring repairs estimated at nearly R70 million.
Building a new city will not solve Accra’s flooding problems overnight. Experts argue that modernising the existing capital must happen alongside long-term urban expansion plans.
Ghana is moving from rent education to direct enforcement as authorities prepare a nationwide crackdown. A 2,000-member task force will target illegal rent practices and improve compliance across the housing sector.
Kenya’s real estate developers are turning to capital markets to solve a long-standing financing challenge. Centum and Mi Vida are exploring asset-backed securities to unlock longer-term funding for property development.
Building a home is often easier to imagine than finance—but a new partnership aims to close that gap. Ecobank is joining The Build Project to help homeowners access financial solutions for construction and renovation.
One of the world's biggest hotel brands is expanding beyond traditional hotels in South Africa. Radisson is bringing luxury serviced apartments to Umhlanga in a R750 million development targeting investors and long-stay travellers.
Lagos’ Lekki Phase 1 has reached a new rental milestone. Average annual rents have climbed to ₦10 million, making it one of Nigeria’s fastest-growing luxury residential markets.
South Africa’s rental market is entering a strong growth phase as demand rises and more people choose renting over buying. Property owners with quality rental assets could be positioned to benefit from higher income streams.
South Africa is moving to crack down on illegal land occupations with tougher penalties. New rules could see people who incite property invasions face millions in fines or jail time.