Headlines for African Home Building News
Accra Ranked Third Fastest-Growing Real Estate Market in Africa
African Housing Show 2025 Set to Spotlight Green Innovation and Investment in London
Germany’s housing crisis has deepened, with a reported shortage of over 800,000 apartments nationwide
Accra has emerged as Africa’s third fastest-growing real estate market, following closely behind Nairobi and Lagos, according to new data from Statista and Knight Frank’s Africa Report. Ghana’s capital continues to attract growing investor interest, driven by economic stability, a burgeoning middle class, and surging demand for both luxury and affordable housing. The report highlighted Accra’s rapid property value appreciation, solidifying its reputation as one of the continent’s most attractive real estate destinations.
“Backed by steady economic growth, a booming urban population, and rising investor confidence, Accra is establishing itself as a key player in Africa’s evolving real estate landscape,” the report noted. It added that urban migration, demographic expansion, and robust infrastructure investment are propelling growth continent-wide.
According to the African Development Bank (AfDB), Africa’s GDP is projected to grow at an average of 4% annually between 2023 and 2025. Cities like Accra, Nairobi, and Lagos are already outperforming this benchmark, driven by targeted reforms and increasing private sector participation.
Accra’s real estate sector is on track to reach a market value of GHS 533.34 billion by 2025, with residential real estate alone expected to account for over GHS 456 billion, the latest Knight Frank and Statista data has revealed.
The industry is forecast to grow at a steady annual rate of 3.44% through 2029, bolstered by expanding urban migration and the rising purchasing power of Ghana’s middle class. Accra’s steady macroeconomic environment and investor-friendly reforms are further strengthening confidence despite recent fiscal challenges.
Prime residential areas like East Legon, Cantonments, and the Airport Residential Area continue to attract high-net-worth individuals and expatriates. Meanwhile, affordable housing developments are gaining momentum in outer suburbs such as Spintex, Adenta, and Pokuase, driven by demand from middle-income earners.
Government-backed initiatives, including public-private partnerships and mortgage financing schemes, are helping expand access to homeownership and bridging the housing deficit. Accra’s evolution into a regional business hub is also creating demand for Grade A office spaces, retail centres, and mixed-use developments. However, a post-pandemic oversupply has pushed office vacancy rates to between 20% and 30%, prompting developers to shift towards flexible and hybrid workspace solutions.
Comparatively, Nairobi remains a hotspot for tech-led real estate growth, Lagos commands a projected $2.25 trillion real estate volume by 2025, and Kigali and Johannesburg continue to attract investment through innovation and industrial resilience.
The African Housing Show 2025, scheduled for June 27–29 at The Civic Centre at Wembley Stadium in London, is set to spotlight Africa’s housing transformation on a global stage. Organised by the PE Group, this year’s edition will feature a dynamic mix of exhibitions, conferences, and networking sessions, all aimed at advancing affordable and sustainable housing solutions across the continent.
A key highlight will be the Green Exhibition, showcasing climate-resilient building technologies, smart housing innovations, and energy-efficient materials. The event also includes the African Sustainability Concert, merging culture with cause to inspire action on green development goals in urban housing.
With government representatives, developers, financiers, and diaspora investors expected to attend, the African Housing Show promises to drive impactful dialogue and partnerships that could shape the future of housing in Africa.
For participants, it offers a rare opportunity to explore investment-ready projects and connect with key players redefining the continent’s built environment.
Germany’s housing crisis has deepened, with a reported shortage of over 800,000 apartments nationwide.
Rising construction costs, high interest rates, and burdensome regulations have severely slowed new developments.
Major cities like Berlin, Munich, and Hamburg are experiencing sharp rent increases, pushing middle- and low-income families into overcrowded or substandard housing. Despite government efforts to build 400,000 homes annually, only around half that number is being completed, fuelling growing public frustration and calls for urgent housing reform.
Source : Joyceln Marigold – Property Express Magazine
