News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Chairman of the Mayor of Housing Group says Nigeria can unlock up to 95% of its largely untapped real estate potential and attract massive investment by strengthening regulation, building investor trust and digitising land administration.
Nigeria's Housing Development Advocacy Network has called on political parties and candidates to present clear, measurable and properly funded housing strategies in the 2027 elections, saying housing must become a major campaign issue.
Egypt's Aqar Exit platform recorded 9,839 assignment files and units worth an estimated EGP 72.2 billion in its first 28 days, with lower-priced properties drawing the strongest buyer demand.
Three investors have announced plans worth more than Sh5.5 billion to build luxury hotels and serviced residences in Nairobi's Gigiri, targeting diplomats and international organisations as the UN campus expands.
International buyers account for about 15% of property sales in Barrydale, spending between R2.5 million and R5 million on homes in the Western Cape town, as demand grows for lifestyle properties beyond South Africa's major cities.
Egyptian developer Modon Developments is investing about EGP 5 billion in its Green River Tower in the New Administrative Capital, where construction has reached about 52% and completion is targeted within eight months.
President Samia Suluhu Hassan will on September 8 inaugurate phase two of the Mtumba Government City in Dodoma, a Sh698 billion ($270 million) complex of 26 ministry buildings expected to house about 18,510 government employees.
Contractors who abandon government projects or leave sites idle without credible justification will be blacklisted and barred from bidding for future contracts, Ghana's Works, Housing and Water Resources Minister Ahmed Ibrahim has warned.
The Nigeria Police Force plans to channel Police Mortgage Bank and Federal Mortgage Bank funds, plus private capital, into affordable housing for officers, with about 1,000 units targeted at Lagos' Ijeh Barracks by February 2027.