Africa > Real Estate

Real Estate in Africa

  • Property Investment performance in Botswana launched

    BOTSWANA, 2013/03/26 Investment Property Databank (IPD) released its prime-ever Botswana property performance statement in Gaborone today. The IPD Botswana Property Performance Statement for the year to December 2011 produced a total return of 20.9%. This figure represents the ungeared total return to due held standing property investments from one open market valuation to the next.

  • Actis funds R190 million development of Nairobi Business Park

    KENYA, 2013/03/26 Actis, a private equity firm has invested R190 million ($22 million USD, Sh1.9 billion) towards second phase development of Nairobi Business Park and construction works have started next the developer broke ground on 16th October 2012. The prime phase of the Nairobi Business Park was put up in 2004, totalling 8,000 square metres of commercial space. 

  • Namibia’s major single commercial property development

    NAMIBIA, 2013/03/26 The countrywide boom in the real estate sector is presently visible in Namibia, particularly in Windhoek, which any minute at this time will be getting a major commercial property development, the 54,000m² Mall of Namibia - The Grove.

  • Accra’s biggest Shopping Mall ready by 2014

    GHANA, 2013/03/26 West Hills Mall, the major comprehensive shopping centre is being constructed in Ghana’s capital Accra by South African property investment and development company Atterbury. Construction has begun, with WBHO Ghana appointed as major contractor. Atterbury, in conjunction with the Social Security National Insurance Trust of Ghana (SSNIT) and Nasec, a local Ghanaian developer, on Thursday said it is developing the 30 000sqm West Hills Mall, to open in October 2014.

  • Financing real estate

    CôTE D'IVOIRE, 2013/02/17 Putting roofs over heads is a key legislative tenet for Côte d’Ivoire’s government, but to make this happen, there is a need to strengthen financing options for homebuyers and real estate developers, particularly at the low-end of the market. Given the dearth of housing and rapid urbanisation in the country, where there is an estimated need for 400,000 units, one of the government’s priorities has been to encourage housing projects.

  • SA struggling for home loans

    SOUTH AFRICA, 2013/02/08 The deteriorating creditworthiness and affordability among South Africans has affected the appetite for advance loans for affordable houses, according to Nedbank’s affordable-housing head Jeff Lawrence. Among the worst affected were those earning between R3501 and R15 000; they have been falling through the cracks when it comes to qualifying for mortgage finance.

  • Mid-priced property recovers

    SOUTH AFRICA, 2013/02/08 The year-on-year increase in the average price of homes in the middle segment of the South African housing market continued last month‚ according to the new Absa home price index. Middle-segment home price increase came to 9.1 % in nominal terms in January from a year formerly‚ next rising by a revised 7.4 % year on year in December.

  • Gov't Surveying Land for Red-Light Market, Low Housing Facilities

    LIBERIA, 2013/02/05 President Ellen Johnson-Sirleaf has said that her government has identified and is currently surveying 452 acres of land in the Omega Tower community for the development of comprehensive low- to middle-income housing estates. Delivering her Annual Message to the Legislature last Monday, the President said this project is intended to help with the relocation of the Red-light Market and the establishment of facilities by the National Transport Union.

  • Kenya's property market

    KENYA, 2013/02/05  Kenya's property market is enjoying an extra buoyant streak next difficult times early last years.The new Annual Housing Statement released by Property analysts, Hass Consultants indicates that property values in Kenya have increased almost four-fold over the last decade.

  • South Africa's Broll

    SOUTH AFRICA, 2013/02/02 Broll Property Group, based in the affluent Johannesburg suburb of Sandton and an affiliate of Los Angeles, CA-based CBRE, today has one of the major commercial real estate management portfolios on the continent of Africa - 65 million square feet (six million square meters) in 15 nations.
Trending Articles