News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Rent prices in Nigeria’s major cities are rising far faster than incomes, pushing many households to the financial edge. As housing costs soar, more residents are being forced into distant suburbs, informal settlements, or smaller living spaces.
Africa’s richest investors are increasing their real estate holdings as economic uncertainty reshapes investment strategies. Property is emerging as a preferred safe-haven asset for preserving wealth and building long-term family legacies.
Prime land in Mombasa’s Nyali suburb is now selling for as much as KSh146 million per acre. Strong investor demand and limited supply are pushing values to record levels along Kenya’s coast.
A two-bedroom house in Nairobi’s elite suburbs now costs almost the same as one in middle-income neighborhoods. Falling demand has erased a price gap that once stretched into the millions.
Ghana’s engineers say bigger drains alone will not stop urban flooding. Their proposed policy would require developers to manage stormwater on-site before it overwhelms city drainage systems.
Ghana’s landlords say the six-month rent advance cap no longer reflects economic realities. They argue rising construction costs and loan repayments are making compliance increasingly difficult.
For 15 years, Enterprise Properties largely served its parent group behind the scenes. Now it is entering Ghana’s wider real estate market with ambitions to create jobs and compete for new clients.
South Africa’s housing market is becoming a tale of two realities. While middle- and upper-income buyers are benefiting from mortgage access, the affordable segment is falling further behind as younger buyers struggle to enter the market.
South Africa’s student housing boom is creating unexpected risks for landlords. Legal disputes, zoning violations, and compliance failures could leave property owners facing costs exceeding R180,000.