Africa > Real Estate

Real Estate in 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.
  • Moves afoot to facilitate home ownership in Ghana

    GHANA, 2017/04/06 Home-ownership drive Speaking to local media in January, Samuel Atta Akyea, the minister for housing and works, said the government planned to set up a fund to subsidise the cost of housing for low-gain earners. Atta Akyea as well announced that the Ministry of Housing and Works (MoHW) is considering setting up a bank for the housing sector to help with the government of the fund, which itself will support the restructuring of the existing home loan system to ensure that mortgage repayments are affordable. With a new proposal to fund affordable housing on the table, along with a previously mooted abolition of the value-added tax (VAT) on property sales, the 2017 outlook for Ghana’s housing market has brightened.
  • Real estate: Although real estate in Ghana has slowed down, REITs hold potential

    GHANA, 2017/01/14 Ghana’s emerging real estate sector contributes significantly to the development of the economy as far as housing is concerned. The government has helped to establish the Ghana Real Estate Developers Association as an initiative for public and private sector participation in housing investment and delivery. The association was formally inaugurated on October 28, 1998 under the laws of the country as a private company limited by guarantee.
  • 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.
  • 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.