Africa > East Africa > Real Estate

Real Estate in East Africa

  • Improved liquidity, currency volatility can give Sub-Saharan Africa real estate markets a Boost

    KENYA, 2017/08/20 Real estate markets in Central and Eastern Europe (CEE) are seeing record levels of international capital inflow while a lot of markets in Sub-Saharan Africa are lagging behind. The new JLL Capital Markets research has identified liquidity and foreign exchange volatility as two key reasons impacting real estate capital flows into Sub-Saharan Africa real estate markets. A two-speed cycle appears to have evolved in emerging economies with some racing ahead and others lagging behind.
  • African real estate market still standing after tough 2016

    CASABLANCA, 2017/08/20 African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors. There have as well been currency problems in the likes of Nigeria and Zimbabwe. But 2017 could be better if commodity prices rise globally. "The continent gained traction last year, notably in the Hotel, Retail and Residential sectors. One hopes that, in 2017, there will be fewer economic and structural difficulties for African real estate," said Ortneil Kutama, Africa Property News Media Director.
  • Africa property offers rich pickings for the brave

    BOTSWANA, 2017/08/20 Some property pundits believe there are major opportunities for investors or companies on the continent. While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
  • Djibouti seeks public and private solutions to social housing shortfall

    DJIBOUTI CITY, 2016/11/24 Government authorities are looking to partnerships and new programmes in a bid to address Djibouti’s affordable housing deficit. In mid-September President Ismaïl Omar Guelleh announced a social housing plan that will provide 20,000 units, funded by grants from multiple donors, inclunding Saudi Arabia, Kuwait, Morocco and China. While the total price of the programme has from presently on to be disclosed, the completed housing units are expected to cost tenants between DJF15,000 ($84.40) and DJF40,000 ($225) per month, according to press reports.
  • Mara Delta to invest $110m more on property in Mozambique

    MAPUTO CITY, 2016/07/27 On Monday it will invest a further $110m in Mozambique by acquiring an additional four properties, and the second stage development of its Anadarko building. The company has, since 2014, invested in six commercial properties in Mozambique, valued at $160m. “We are confident of the long-term increase prospects in Mozambique. The challenges that the country faces are not incomparable to emerging economies and we are continuously engaging with the Banco de Moçambique on these matters.
  • Malawi: Funding Delays Affect Malawi Red Cross Society's Construction of Model Houses

    MALAWI, 2016/04/28 Malawi Red Cross Society has admitted they are from presently on to complete construction works of some model houses which they showcased in August, 2015 in Chikwawa district meant for the people who were relocated to safer places during the January 2015 floods. The organisation's Communications Manager, Felix Washon said since November 2015, they have not been receiving funds from the donor who made the commitment to support the construction of such model houses. "At the same time as we were at recovery stage, with our donor International Federation of the Red Cross and Red Crescent, we agreed to construct model houses which are resilient to flooding. The donor made an appeal to international community for their support and nations made pledges.
  • Kenya’s residential property market shifts to multi-unit housing

    KENYA, 2016/03/25 While housing prices in Kenya’s residential real estate market stabilised late last year, land costs have seen significant increases, indicating a rise in request for apartment units. According to the new housing price index from the Kenya Bankers’ Association, released at the end of January, average housing prices edged up by just 1.14% in the last three months of 2015. This marked the third consecutive quarter with a less than 2% period-on-period increase. Across the board
  • The Institute of Certified Public Accountants of Kenya

    KENYA, 2014/06/12 The Institute of Certified Public Accountants of Kenya will commence the second phase of the CPA Centre in December, adding hostels and apartments to its portfolio. ICPAK said request for residential space on Thika superhighway has increased necessitating such a project. The Sh450 million development is located within KCA University. \"We will demolish the facility that we have rented to Standard Chartered Bank in order to pave way for construction of phase two which includes hostels and apartments,\" said Benson Okundi, the ICPAK chairman. "We are targeting students or anybody else who would want accommodation."
  • international Companies Called Upon to Accelerate Housing Projects in Ethiopia

    ETHIOPIA, 2014/05/21
  • THE government has set aside 20bn/- for construction of teachers' residential houses in 40 municipalities countrywide.

    TANZANIA, 2014/05/20 THE government has set aside 20bn/- for construction of teachers' residential houses in 40 municipalities countrywide. Answering a question from Lolesia Bukwimba (CCM-Busanda), who wanted to know the measures being taken to address the acute shortages of teachers' houses, the Deputy Minister (Local Government and Regional Government), Kassim Majaliwa, said that the money will be spent on the project this financial year. He told the National Assembly that they have as well come up with a appropriate strategy that will see to it that teacher's houses are constructed annually in phases.