Africa > Southern Africa > Real Estate

Real Estate in Southern Africa

  • Namibia: Geingob Hands Over 243 Houses At Walvis

    NAMIBIA, 2017/10/31 President Hage Geingob's continuous quest to provide decent and affordable houses for all Namibians is paying off, as on Friday he handed over 243 newly completed low-cost houses for occupancy. Geingob handed over houses at Walvis Bay. The houses were constructed through a smart partnership between the Ministry of Urban and Rural Development, the Walvis Bay Municipality and 42 contractors under the mass urban land servicing project launched in 2015 by the president in Windhoek, Oshakati and Walvis Bay.
  • 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.
  • Investors spooked by Property Regulations in Africa

    CZECH, 2017/08/20 The African real estate market needs stronger regulations and a additional reliable policy of law in order to attract investment in the continent — Africa Property has learned. Various large Listed South African funds feel African real estate is a long term game hindered by weak laws. They need recourse if something goes wrong.
  • 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.
  • Namibia: FNB Housing Volume and Value Index Retreated

    NAMIBIA, 2016/02/08 In the new FNB housing index Daniel Kavishe, Market Research Manager, FNB Group advises that the FNB volume and price index retreated in the eve of the fourth quarter 2015 as the housing market eased across the country. He added that the deeds office recorded a 40% drop in transactions year-on-time(y-o-y) due to a slowdown in purchases in the Northern and Central town. Transaction increase at the Coast remained steady at 10% y-o-y supported by development in Swakopmund while in the South, transactions at Luderitz doubled due to the low cost developments in Luderitz's Benguela area.
  • South African REITs outperform other assets

    SOUTH AFRICA, 2015/12/26 While real estate investment trusts (REITs) are relative newcomers to the South African market, with the regime governing the investment vehicle initial codified in 2013, they have outperformed other classes of assets in recent months. Looking ahead, the residential component of the property market, which has from presently on to be tapped by REITs, is expected to offer new opportunities for increase and provide a further boost to the investment appeal of trusts. Bucking economic trends REITs posted the highest year-to-date (YTD) return on investment (ROI) of any investment class in South Africa in October. Returns reached 15.6%, with a year-on-time(y-o-y) ROI of 20.2%, according to Cape Town-based Catalyst Fund Managers. Equities, meanwhile, posted YTD returns of 11.3%, with bonds trailing at 4%. Laurence Rapp, chairman of the SA REIT Association, which represents all listed REITs, said the segment had continued to gather momentum in terms of both earnings and capitalisation, despite the slower economic backdrop.
  • $50 Million Hotel Scam in Zimbabwe

    ZIMBABWE, 2014/02/23 The National Social Security Authority (NSSA) has become the new public entity to be rocked by allegations of graft, next it emerged Friday that the authority is embroiled in a $50 million dollar scam. Reports said the cost of a hotel built by NSSA in the border town of Beitbridge grew from $17m to $50m, in suspicious circumstances. The Herald said NSSA, which was awarded the $17m tender to build Rainbow Beitbridge Hotel on the basis that it had the money to finance the project, ended up using pensioners' funds to hire a construction firm. The development comes at a time at the same time as NSSA officials were due to appear before the parliamentary portfolio committee on public accounts next Monday to answer questions on other issues. But committee member Paurina Mpariwa told SW Radio Africa that the new scam will be 'top of the schedule.'
  • Hilltop Estate Development On Target in Namibia

    NAMIBIA, 2013/10/27 Earthworks have started on the Hilltop Estate development in Kleine Kuppe, where Demushuwa Property Developers are developing a shopping mall, private hospital, medical suites, and luxury apartments. The principal agent, Howard & Chamberlain Architects, have handed the site to contractors at the Lady Pohamba Private Hospital and the newly planned Pupkewitz MegaCentre. "We are pleased to announce that the earthworks will start at the Pupkewitz MegaCentre site and the construction will presently commence at the Lady Pohamba Private Hospital site," said Desmond Howard, director at Demushuwa Property Developers. The final completion and opening at both sites are scheduled for early 2015.
  • 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.