Africa > Central Africa > Real Estate

Real Estate in Central 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.
  • Gabon moves to solve housing deficit

    GABON, 2016/06/19 With general elections scheduled for late August, the government of Gabon is looking to accelerate evolution on building social housing units to narrow the country’s sizeable housing gap. The level of urbanisation in Gabon – the highest in Africa at 86.9% in 2014 – has outpaced residential real estate development, resulting in an estimated housing deficit of around 200,000 units, inclunding 160,000 in Libreville alone. In response, President Ali Bongo Ondimba’s government has declared housing a key priority in terms of capital spending, pledging to construct some 35,000 affordable homes over seven years, although the roll out of new housing stock has faced delays.
  • Construction of houses with capacity to accommodate 100 youths /Angola

    ANGOLA, 2014/03/19 A construction of houses with capacity to accommodate 100 youths will be built as from April this year in Matala municipality, southern Huíla province, as part of the National Programme for Supporting Employment and Training of Staff (PAEFQ). Speaking to Angop this Tuesday in the city of Lubango, the chief of the National Employment and professional Training Institute (INEFOP), Lourenço dos Santos, stressed that the area will comprise a professional training centre. He said that besides this infrastructure, an Entrepreneurship and Employment Centre (CRESE) will be built in Lubango municipality, with the objective of boosting youths with business initiatives.
  • Finance from Turkey real estate projects in Cameroon

    CAMEROON, 2014/03/09 According to Omer Faruk Dogan (photo), Turkish Ambassador to Cameroon, Turkish real estate and low-gain housing investors will be disbursing a total of 360 million dollars, which is approximately 180 billion FCfa for projects in Cameroon. The Turkish Ambassador just revealed the news following a conference with the Cameroonian Minister of Urban Development and Housing, Jean Claude Mbwentchou. From March 25-28, 2013, the Cameroonian Chief of National, Paul Biya, had led an economic mission to Turkey. Following this visit, the Ministry of Urban Development and Housing had announced the signing of an agreement to build 8,000 low-gain homes in Cameroon with help from the world’s 14th economic power’s investors. One should note that Turkish Airlines has just launched a route from Cameroon.
  • Cameroonian Housing and Urban Development Minister, Jean Claude Mbwentchou

    GERMANY, 2014/03/07 Received by the Cameroonian Housing and Urban Development Minister, Jean Claude Mbwentchou, on March 5, 2014, heads of Vital Capital Fund, a Swiss investment fund, have announced an agreement with Deutsche Bank, to finance the construction of 40,000 low-income housing units in Cameroon. The Cameroonian State and the investment fund had already signed an agreement of this nature in October 2013 in Yaoundé. This earlier agreement included the building of 40,000 homes in tranches of 5,000 in some towns and cities in Cameroon where the low-income housing deficit is estimated to be one million units.
  • 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.'
  • Gabon: Facilitating housing projects 2012-07-19

    GABON, 2012/07/19