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Real Estate in Africa

  • 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.

  • Real Estate Appraisers Discuss Way Forward in Rwanda

    RWANDA, 2013/10/27 Real estate prospectors from around Africa are in Kigali for a four-day conference entitled 'unleashing the price of the African real estate' to discuss how to improve their careers. Victor Akujuru, the President of African Real Estate Society (AfRSES), said that the conference gives real estate agents a platform to collaborate as peers. According to Egide Gatsirombo, the chairman of Institute of Real Property Valuers (IRPV) in Rwanda, the conference is luck to share expertise with their colleagues on the continent. "There will be networking with other experts and will help us improve our career," he said.

  • 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.

  • Office space sales in Maputo vary between US$2,000 and 3,200 per square meter

    MAPUTO CITY, 2013/08/15 The average price per square metre for office space sales in Maputo ranges from US$2,000 and US$3,200, according to a study from the consultancy Prime Yield Moçambique (PYM), which expects prices to stabilise over the next five years. By evaluating five areas the “Mozambique Real Estate 2013” study showed that the areas of Bairro Central B and Polana Cimento B, with an average cost of US$2,000 per square metre, are the cheapest in the city, whilst the Sommerschield area, where the cost averages US$3,200, is the majority expensive.

  • Real estate booms in Thika

    TANZANIA, 2013/08/12 Everyday hundreds of people travel to Nairobi from Thika to earn their daily bread. The construction of the Thika superhighway and proximity to Nairobi has made the industrial town in Kiambu County an attractive investment destination. A lot of are willing to invest in this town, located North East of Nairobi, and slowly it is becoming one of the majority popular developers destination who are willing to put up multi-million-shilling investment projects.

  • Introduction of Seychelles flights has made Indian Ocean country attractive to Chinese

    SEYCHELLES, 2013/07/22 A developer from Seychelles, the island country where Prince William and his wife, Kate, spent their honeymoon, hopes to lure Hong Kong and mainland property investors into buying homes on the tropical island located off the east coast of Africa. "We're looking to expand the market here. The introduction of regular flights from Hong Kong to the Seychelles has made that a bit easier," said Craig Heeger, executive chairman of residential marina development Eden Island. Located in the Indian Ocean northeast of Madagascar, the Seychelles archipelago has 115 islands famed for their beaches and marine parks. The country has a people of 91,000 and enjoys a warm and humid climate all year round.

  • Chinese Company Targets Real Estate in Ethiopia

    CHINA, 2013/06/19 High profile legal battles have seen trust evaporate from Ethiopia's thriving real estate sector . Starting the excavation work before two weeks ago, the China Geo-Engineering Corporation strives to construct international standard real national complex. The China Geo-Engineering Corporation (CGC), which has before been engaged in the road construction sector in Ethiopia, two weeks ago started the construction of an international standard real estate complex, with three billion Birr capital.

  • Zimbabwe’s Real Estate Market

    ZIMBABWE, 2013/06/01 Zimbabwe has been facing political and financial turmoil for additional than a decade, derailing the government’s ability to function and respond to crises, adding pressure to the country’s real estate sector. A recent Economic Statement for Africa mentioned that Zimbabwe is presently ranked part the top 10 economic performers in Africa. While this is good news, what does this mean particularly to those South African retail companies that are looking into investing in the country.
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