News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Urban and Infrastructure Minister Mohammed Abdurahman said Ethiopia's five-year target is 1.5 million housing units, speaking at the World Cities Day 2026 high-level dialogue at UNECA in Addis Ababa.
UPDC REIT units fell from N21.15 to N17.50 in the week to October 23, erasing about N9.75 billion in market capitalisation, even as the trust's half-year rental income rose 88.35%.
Nairobi City County has invited written comments on a proposed Local Physical and Land Use Development Plan for the Westlands Zone, with submissions due by November 16, 2026, days after the Eastleigh building collapse renewed scrutiny of approvals.
Grova Developments has awarded Hassan Allam Construction a further $500 million in works for Phase II of EastHills, adding 334 acres and lifting the project's combined construction contracts above $1 billion.
The National Land Commission says only claims tied to court cases and other disputes remain unpaid, as the multibillion-shilling dam nears 94 per cent completion ahead of an April 2027 commissioning.
The Zimbabwe Union of Residents and Ratepayers Association says a directive ordering property owners to renovate dilapidated buildings or face penalties should not stand while public buildings remain in disrepair.
Deyaar Construction and Development chairperson Hany Farag says buyers should receive a complete cost breakdown covering finishing, maintenance and service charges, not just the advertised price.
A Lagos property platform analysed 10,857 rental and sale listings for the third quarter and found deep affordability and transparency gaps, including price gaps between agents handling the same home.
A survey of Cape Town residents has found that almost 94% oppose the City's proposed N2 Edge Safety Project, a 9km barrier between Khayelitsha and Langa budgeted at about R114 million.