Africa gets its first Canopy by Hilton hotel brand

Hilton (NYSE:HLT) announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand. .

Nairobi’s luxury home prices soften further

Nairobi’s luxury home prices soften further

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019, according to the Knight Frank Prime Global Cities Index (PGCI) for the first quarter.... Full story

Investing

Hyprop to exit sub-Saharan Africa, but Grit Real Estate stays put

While Attacq, famous for developing one of SA’s largest retail centres, Mall of Africa, and Hyprop investments, the owner of some of the best rated shopping centres, are trying to divest from the African continent, Grit Real Estate is spreading itself across the continent.

Southern Africa

A snapshot of the property market in Zimbabwe

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active.

East Africa

A global crowdfunding aimed to give Addis Ababa a green facelift

Prime minister Abiy Ahmed has launched a crowdfunding campaign aimed at making the capital a site for urban tourism by developing greener spaces along a 56-kilometer river stream.

Central Africa

DRC not an easy environment, but Real Estate opportunities abound

THERE are a number of opportunities in the Mineral-rich Democratic Republic of Congo (DRC) real estate sector, but potential investors must ensure they have investigated thoroughly before committing huge resources — Africa Property News has learned.

Advice

How to ensure buyers notice your property right away

South Africa — The latest FNB and ABSA property data shows that properties are staying on the market for longer and an increasing number of sellers having to cut their asking price.


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