Africa: Real Estate and Construction

Property Technology (PropTech) is revolutionizing Nigeria's real estate sector through digital innovation, but operators face complex regulatory compliance challenges across multiple legal frameworks. How can PropTech platforms navigate the intersection of land law, corporate regulations, data protection, and financial compliance while driving sustainable growth in Nigeria's evolving digital real estate ecosystem?

The Lagos State Government has approved a revised Fair Market Value (FMV) 2026 that will fundamentally reshape property valuation and transaction costs across the state. This update affects undeveloped land, residential properties, and all government property-related transactions, requiring buyers, sellers, and developers to recalibrate their financial planning and compliance strategies.

Instalment sale agreements offer flexibility in South African property transactions, but many purchasers misunderstand when transfer duty becomes payable. Under Section 20 of the Alienation of Land Act, transfer duty liability may arise at the date of agreement signature—long before ownership actually transfers—creating unexpected financial obligations that require careful legal and tax planning from the outset.