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Real Estate in North 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.
  • REITs to drive commercial real estate growth in Morocco

    CASABLANCA, 2016/06/11 The roll out of new investment vehicles is helping stoke growth in Morocco’s commercial real estate sector. Last year Morocco passed legislation allowing for the creation of real estate investment trusts (REITs). Under the law, REITs are required to invest at least 60% of their assets in real estate, while the remainder can be invested in other assets to help diversify their investment portfolio.   In early 2016 the European Bank for Reconstruction and Development (EBRD) joined forces with Moroccan retail distributor Label Vie Group by investing in its retail real estate subsidiary Vecteur LV (VLV). The aim of both the EBRD and Label Vie is to launch the country’s inaugural REIT and attract more investment in Morocco’s real estate sector. 
  • PACT Real Estate Group PACT to create ‘new destinations for new generations’ in Egypt

    EGYPT, 2016/05/26 The Worldfolio’s preview of an interview with Moaaz Wessam Eldin, Managing Director of PACT Real Estate Group, provides a glimpse into some of the topics he discussed with United World about Egypt’s uniqueness, its current economic national, and the immense opportunities available in its real estate and construction sectors, typified by PACT’s flagship smart home project, White Bay, in Sidi Heneish on the North Coast. Egyptian character: Egyptian millenarian history and its deep and diverse culture pretty much explain the resilient nature of the people to overcome difficult times and move forward.
  • The private sector has focused primarily on high-end and housing for the poor

    EGYPT, 2016/01/06 The Ministry of Housing has collaborated with the Division of Real Estate Investment working within the General Federation of Chambers of Commerce to form a committee. It will be tasked with establishing of 500,000 units of middle-class social housing, according to a statement released by chief of the division Mamdouh Badr El-Din Saturday. Badr El-Din explained that the committee has begun work by examining sites and cities in which the units can be established. The committee is as well considering mechanisms to implement and finance the project with the aim of providing affordable prices while not compromising on quality.
  • Two-tiered real estate demand in Egypt

    EGYPT, 2015/12/20 With economic increase steadily picking up, real estate developers in Egypt are looking to opportunities at opposite ends of the real estate spectrum, with a range of both affordable and luxury housing projects in the pipeline. Affordable demands Despite increase in supply in recent years, developers see significant untapped request in the market. “Residential request is driven by very strong underlying demographics across all gain segments,” Magued Sherif, managing director of developer SODIC, told OBG. “The accumulated housing gap is reported to be 3m units, with an additional 300,000-500,000 units carried over each year, compared to the less than 20,000 units delivered per annum by private developers.”
  • Global Commercial Investments Exceeding Forecasts

    EUROPE, 2013/10/08 World commercial real estate volumes were 16 % higher during the initial three quarters of 2013 compared to the same period last year, as the market continues to surpass expectations. Direct commercial world real estate investments reached $125 billion during the third quarter, increasing three % from the previous quarter and 25 % from last year, according to Jones Lang LaSalle, which tracks 60 nations and additional than 130 world cities. World transaction volumes have been higher than $100 billion for six consecutive quarters, prompting JLL to increase its 2013 projected transaction volumes from $450-$500 billion to $475-$500 billion.
  • World Habitat Day: UN officials call for improved urban resilience, mobility

    WESTERN ASIA, 2013/10/08 Un officials have stressed the need to ensure that cities become additional resilient to natural disasters inclunding provide their citizens with methods of alternative transportation to thrive. The PANA Correspondent in New York reported that the officials made the call in messages to mark the World Habitat Day, observed annually on the initial Monday of October. In his message, UN Secretary-General Ban Ki-moon stated: 'As the effects of climate change increase, urban resilience becomes ever additional necessary.' He said: 'All actors need to work together to save lives, protect assets and guarantee services at the same time as disasters strike', saying that, 'planning is essential to boost the resilience of cities.'
  • Egyptian billionaire Naguib Sawiris

    EGYPT, 2013/10/07 Egyptian billionaire Naguib Sawiris, part of the Orascom family conglomerate, is planning to build three five-star hotels in the island country of Grenada. Mr. Sawiris met with Prime Minister Keith Mitchell during a recent visit to discuss investment in Grenada's tourism and hospitality industry, according to a government statement. St. George, Grenada The telecom mogul, worth $2.5 billion according to Forbes, has by presently purchased beachfront property and Silver Sands Hotel, a popular hotel in Grenada before damaged by a hurricane in 2004, the Caribbean Journal reports.