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房地产在Africa

  • 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.
  • REITs to drive commercial real estate growth in Morocco

    CASABLANCA, 2016/06/11 The roll out of new investment vehicles is helping stoke growth in Morocco’s commercial real estate sector. Last year Morocco passed legislation allowing for the creation of real estate investment trusts (REITs). Under the law, REITs are required to invest at least 60% of their assets in real estate, while the remainder can be invested in other assets to help diversify their investment portfolio.   In early 2016 the European Bank for Reconstruction and Development (EBRD) joined forces with Moroccan retail distributor Label Vie Group by investing in its retail real estate subsidiary Vecteur LV (VLV). The aim of both the EBRD and Label Vie is to launch the country’s inaugural REIT and attract more investment in Morocco’s real estate sector. 
  • PACT Real Estate Group PACT to create ‘new destinations for new generations’ in Egypt

    EGYPT, 2016/05/26 The Worldfolio’s preview of an interview with Moaaz Wessam Eldin, Managing Director of PACT Real Estate Group, provides a glimpse into some of the topics he discussed with United World about Egypt’s uniqueness, its current economic national, and the immense opportunities available in its real estate and construction sectors, typified by PACT’s flagship smart home project, White Bay, in Sidi Heneish on the North Coast. Egyptian character: Egyptian millenarian history and its deep and diverse culture pretty much explain the resilient nature of the people to overcome difficult times and move forward.
  • Malawi: Funding Delays Affect Malawi Red Cross Society's Construction of Model Houses

    MALAWI, 2016/04/28 Malawi Red Cross Society has admitted they are from presently on to complete construction works of some model houses which they showcased in August, 2015 in Chikwawa district meant for the people who were relocated to safer places during the January 2015 floods. The organisation's Communications Manager, Felix Washon said since November 2015, they have not been receiving funds from the donor who made the commitment to support the construction of such model houses. "At the same time as we were at recovery stage, with our donor International Federation of the Red Cross and Red Crescent, we agreed to construct model houses which are resilient to flooding. The donor made an appeal to international community for their support and nations made pledges.
  • Kenya’s residential property market shifts to multi-unit housing

    KENYA, 2016/03/25 While housing prices in Kenya’s residential real estate market stabilised late last year, land costs have seen significant increases, indicating a rise in request for apartment units. According to the new housing price index from the Kenya Bankers’ Association, released at the end of January, average housing prices edged up by just 1.14% in the last three months of 2015. This marked the third consecutive quarter with a less than 2% period-on-period increase. Across the board
  • 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.
  • The private sector has focused primarily on high-end and housing for the poor

    EGYPT, 2016/01/06 The Ministry of Housing has collaborated with the Division of Real Estate Investment working within the General Federation of Chambers of Commerce to form a committee. It will be tasked with establishing of 500,000 units of middle-class social housing, according to a statement released by chief of the division Mamdouh Badr El-Din Saturday. Badr El-Din explained that the committee has begun work by examining sites and cities in which the units can be established. The committee is as well considering mechanisms to implement and finance the project with the aim of providing affordable prices while not compromising on quality.
  • 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.
  • Two-tiered real estate demand in Egypt

    EGYPT, 2015/12/20 With economic increase steadily picking up, real estate developers in Egypt are looking to opportunities at opposite ends of the real estate spectrum, with a range of both affordable and luxury housing projects in the pipeline. Affordable demands Despite increase in supply in recent years, developers see significant untapped request in the market. “Residential request is driven by very strong underlying demographics across all gain segments,” Magued Sherif, managing director of developer SODIC, told OBG. “The accumulated housing gap is reported to be 3m units, with an additional 300,000-500,000 units carried over each year, compared to the less than 20,000 units delivered per annum by private developers.”
  • Nigeria’s property market matures

    NIGERIA, 2015/05/21 Due in part to a large housing deficit, request for residences in Nigeria looks set to remain strong, putting the real estate sector on course for a period of sustained increase. According to a January 2015 statement by CBO Capital, the sector was valued at N6.4trn ($39bn) and growing at 10% a year. Even though local and foreign developers have carried out a large number of projects in recent years, in most segments request has outpaced delivery.