Nigeria Property Market

Landlords feel the pinch as Nigeria’s economic slump deepens

There is still no respite for property owners in Nigeria. The sluggish economic growth for the last few months does not bode well for rental market. ... Full story

Interest rate cuts not enough to pull Nigeria out of recession

Lagos - Interest rate cuts alone will not help to pull Nigeria out of a recession amidst rising inflation, the country's central bank said on Wednesday. ... Full story

Top 10 Most Attractive Investment Destinations In Africa — RMB

Africa’s feverish growth has decelerated in recent years and many countries have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions. ... Full story

Nigeria's weak economy leads Sun International to the exit door

JOHANNESBURG – South Africa's Hotel and gaming group, Sun International Ltd [JSE:SUI] announced on Monday that it will packing its bags exiting Nigeria, amid a number of factors. ... Full story

Sub-Saharan Africa advances in real estate transparency ranking

Sub-Saharan Africa (SSA) continues to make advances in real estate transparency despite other countries in the region requiring greatest attention. ... Full story

New $68m Shopping Mall for Abuja

Abuja — Construction has began in Nigeria's capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017. ... Full story

Africa's Emerging Markets will come Back into View

Private equity fund managers, who adopt longer term time horizons than traditional asset managers, are showing renewed interest in African investment opportunities. ... Full story

Lagos pearl of the future, Johannesburg darling of today

Even though Nigeria has become Africa’s biggest economy on the continent, South Africa’s business centre city, Johannesburg is still far ahead in terms of current property development projects in terms of number and quality when compared with Nigeria’s business centre, Lagos. ... Full story

Investments in Nigeria can succeed despite Boko Haram threat

While terrorism has not yet had a severe effect on real estate in Nigeria, Africa’s largest economy, there are concerns that security needs to be heightened to prevent any future serious damage to the sector. ... Full story

Nigeria’s Ikeja City Mall sold to South African property companies

Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited. ... Full story

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