News
Catch up on the latest real estate news, updates, and development stories from African markets.
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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.
A major Lagos waterfront project is facing backlash from residents who say it is worsening flooding risks. The dispute highlights growing tensions between urban expansion and environmental protection.
A diplomatic dispute is growing over abandoned Nigerian-owned properties in South Africa. Nigeria sought compensation for affected citizens, but Pretoria says it will not pay for assets left behind.
International investors are reshaping one of South Africa’s most exclusive property markets. Foreign buyers account for a third of Atlantic Seaboard transactions, driving demand in a tightly limited luxury market.
A decade-long housing battle has ended with a major court victory for affordable housing advocates. Cape Town and the Western Cape government must now prove how they will create more housing in well-located areas.
Johannesburg’s once-booming sectional title market is showing unexpected weakness. Apartment and complex prices are declining even as demand for secure housing grows across South Africa.
The dream of owning a home is being pushed further away for many Nigerians. Rising living costs and expensive financing are forcing households to prioritise survival over major investments.