With African countries witnessing increased Foreign Direct Investment (FDIs) into their real estate industry, a new report by Estate Intel, revealed that Nigeria trails behind Botswana and Morocco in FDIs because of soaring inflation, weakened naira, and high cost...
Amid macroeconomic challenges, there is growing apprehension among industry stakeholders that insecurity could exacerbate the housing deficit and impede investments in the real estate sector. They acknowledged that the rising insecurity and tension arose from dissatisfaction among the population of...
Royal Palm Villa, a real estate developer says it is bringing a tech-driven and energy-efficient housing estate to Akwa Ibom with a 3.6-hectare property to be developed in Nwaniba near Uyo, the state capital. The Villa which is strategically located...
The Abuja real estate market is showing renewed signs of life. This is being underpinned by a new political tenure, plans to complete stalled infrastructure projects, and migration of new government appointees and their aides, from all parts of...
All things being equal, there is a forecast indicating that the diaspora market will contribute significantly to the growth of the real estate sector in 2024. According to the Executive Director, Housing Development Advocacy Network (HDAN), Festus Adebayo, the issue...
Experts in the real estate sector have recommended the elimination of barriers to cross-border transactions and the fostering of collaboration among real estate experts in Africa to foster the growth of the sector. They also stated the urgency to implement...
Escalating inflation and exchange rates pose challenges to the real estate and construction sectors in the country, leading to increased borrowings attributed to the elevated costs of imported building materials and machinery. Currently, running real estate business is becoming more...
Recent data from the Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) indicates a substantial rise in prices, activity, and interest within the property market for land transactions in Lagos. Over the five years period, growth...
Rents in Lagos have surged by 91.32 percent over the past five years, posing a challenge to residents seeking affordable housing. This is according to data obtained from prices sourced from prop-tech, propertypro.ng and estate agents in different locations. The weighted...
Macroeconomic and political uncertainties make African real estate unattractive for foreign investments, according to a report by Estate Intel. It noted that the dwindling macroeconomic indicators may affect African real estate in 2024, leading to a decline in market activity...
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