News
Catch up on the latest real estate news, updates, and development stories from African markets.
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South Africa's housing crisis has secured fresh international backing. A €20 million loan will help deliver more affordable homes while supporting more sustainable urban growth.
Luxury homes no longer need land. Cape Town has unveiled Africa’s first floating luxury residences, signaling a new direction for waterfront living and investment.
Property fires in Bulawayo have surged 60% this year, with ageing electrical systems emerging as the biggest threat. City officials warn that poor wiring, overloaded circuits and weak safety compliance are putting homes and businesses at growing risk.
Thousands of homes and businesses across Harare could be demolished as authorities intensify a citywide crackdown on illegal land occupations. The move is targeting settlements built on wetlands, public land, and sites reserved for schools and clinics, sparking fears of mass displacement.
A new Zimbabwean REIT is opening retail property investment to everyday investors from just USD 100. Pfuma REIT plans to double its portfolio value while paying quarterly USD dividends backed by income-generating retail assets.
Tanzania’s mortgage market grew nearly 11% year-on-year despite relatively high lending rates. Rising housing demand and steady economic growth are helping drive expansion across the sector.
Millions of Tanzanians excluded from traditional mortgages could soon gain access to home financing. New housing microfinance products are targeting low-income and informal sector households with more flexible loan options.
Kenya’s student housing sector is being reshaped by a powerful banking alliance. Acorn has teamed up with ABSA and Co-operative Bank to unlock new funding for housing and youth enterprise.
Rent in Accra is becoming harder to afford even for middle-income earners. Residents say salaries are not keeping up with rising housing costs, forcing many into overcrowding or long commutes.