News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Luxury homes in South Africa’s top estates are climbing in value at a staggering pace. Some properties in Cape Town’s premium residential enclaves have gained more than R3 million in value, highlighting the widening gap in the country’s housing market.
Cape Town’s housing crisis may soon unlock military-owned land long kept off the market. South African authorities are now preparing to release strategic state land for housing development in one of the country’s most expensive cities.
Buildings are still collapsing across Nigeria, and industry experts say many deaths could have been avoided. Stakeholders are now warning that weak enforcement, poor materials, and rushed construction are pushing the country deeper into a housing safety crisis.
Nigeria’s housing shortage is expanding faster than developers can build. New research says the country may need millions more homes this decade just to keep pace with population growth.
Nigeria’s housing crisis is now being worsened by soaring diesel prices. Developers say fuel costs are increasing everything from material transport to construction site operations.
Ghana’s property sector is seeing its strongest financing conditions in a decade despite broader economic pressure. Industry experts say improved lending activity could reshape investment and development momentum across the market.
Buying property in Lagos just became significantly more expensive. The state has sharply increased land transaction fees after updating property valuations to match current market prices.
One of South Africa’s biggest privately funded city projects is officially underway near Sandton. The R18 billion development plans to deliver up to 20,000 homes alongside retail, logistics, and transport infrastructure.
Nigeria’s booming off-plan property market is exposing buyers to rising fraud and abandoned projects. Legal experts say weak regulation is leaving investors vulnerable after paying upfront for homes that do not yet exist.