For many real estate investors across the world, Africa remains a booming opportunity for various reasons. Many African cities are experiencing growth, driven by a rise in the middle class, which is creating a need for high-quality residential and commercial real estate.
2. Investing in Africa's
Real Estate
For many real estate investors across the world, Africa
remains a booming opportunity for various reasons.
Many African cities are experiencing growth, driven by
a rise in the middle class, which is creating a need for
high-quality residential and commercial real estate.
3. Additionally, regional tech
hubs continue to sprout
across the continent,
and a growing number of
multinational corporations
are opening offices in
emerging cities.
While the opportunities
are there for investors,
several challenges
exist in a real estate
market characterised by
the presence of many
countries. As such, legal
frameworks, governance
and the quality of
infrastructure are different
in each country. Also,
the continent as a whole
continues to contend with
volatile commodity prices,
which have impacted
several economies. The
increasing pace of real
Willah Joseph Mudolo | 3
The increasing
pace of real estate
development has
led to oversupply in
many countries.
estate development has
led to oversupply in many
countries.
Regardless of the
challenges, the potential
returns make Africa an
attractive destination for
investors. One of the huge
positives in the continent
is the level of cooperation
between countries, which
starkly contrasts some of
the protectionism trends
seen elsewhere globally.
The positive interactions
between nations makes
it easier to attract
investors and embark on
infrastructure projects
that involve multiple
countries. Potentially, this
will also open the door to
a common framework on
land use.