Housing and real estate news in africa right now
Here are some recent housing and real estate news in Africa:
South Africa:
- Affordable housing crisis: South Africa is facing a severe affordable housing crisis, with a shortage of over 2 million homes. The government has launched a new affordable housing program to address the issue. (Source: Business Day)
- Property prices decline: Property prices in South Africa have declined by 2.5% in the past year, according to a report by Lightstone Property. The decline is attributed to a slowdown in the economy and a decrease in demand. (Source: Fin24)
- New developments in Cape Town: Cape Town is seeing a surge in new property developments, with several projects launched in the past year. The developments include luxury apartments, townhouses, and mixed-use projects. (Source: Property24)
Nigeria:
- Lagos property market booms: The Lagos property market is booming, with prices increasing by up to 20% in some areas. The growth is driven by a growing middle class and a lack of affordable housing. (Source: ThisDay)
- New housing scheme launched: The Nigerian government has launched a new housing scheme aimed at providing affordable housing for low-income earners. The scheme will provide 10,000 units of housing across the country. (Source: Vanguard)
- Real estate investment opportunities: Nigeria is offering several real estate investment opportunities, including commercial and residential properties, according to a report by Knight Frank. (Source: BusinessDay)
Egypt:
- New Cairo development: A new development in Cairo, called "New Cairo", is set to become one of the largest urban developments in Africa. The project will include residential, commercial, and recreational areas. (Source: Daily News Egypt)
- Affordable housing initiative: The Egyptian government has launched an initiative to provide affordable housing for low-income earners. The initiative will provide 100,000 units of housing across the country. (Source: Ahram Online)
- Real estate market growth: Egypt's real estate market is growing, driven by a growing middle class and a lack of affordable housing. The market is expected to continue growing in the coming years. (Source: Egypt Today)
Morocco:
- Casablanca property market: The Casablanca property market is experiencing a surge in demand, driven by a growing middle class and a lack of affordable housing. Prices are increasing by up to 10% per year. (Source: Morocco World News)
- New developments in Marrakech: Marrakech is seeing a surge in new property developments, including luxury hotels, resorts, and residential projects. The developments are driven by tourism growth and a growing expat community. (Source: Morocco Times)
- Real estate investment opportunities: Morocco is offering several real estate investment opportunities, including commercial and residential properties, according to a report by Knight Frank. (Source: Morocco Business News)
Kenya:
- Nairobi property market: The Nairobi property market is experiencing a surge in demand, driven by a growing middle class and a lack of affordable housing. Prices are increasing by up to 15% per year. (Source: Business Daily Africa)
- New developments in Kilimani: Kilimani, a popular neighborhood in Nairobi, is seeing a surge in new property developments, including luxury apartments and townhouses. (Source: The Star)
- Real estate investment opportunities: Kenya is offering several real estate investment opportunities, including commercial and residential properties, according to a report by Knight Frank. (Source: Kenya Business News)
These are just a few examples of the latest housing and real estate news in Africa. The continent is experiencing rapid growth and development, driven by a growing middle class and a lack of affordable housing.