Southern Africa holds the lion-share of Africa’s real estate investment volumes as in the period 2010-2023, $21bn were invested by institutional investors, a new report by Estate Intel reveals. Up to $30b worth of transactions have been undertaken in Africa over the past two decades, according to Estate Intel data with key cities in South…
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Ethiopia plans to open its real estate market to international investors, ending a long-standing restriction on foreign property ownership. At present, foreign nationals are prohibited from possessing real estate in the African country, including both residential and commercial properties “We are preparing to enact a law that permits foreigners to possess property,” the Prime Ministe…
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The South African Reserve Bank’s (SARB) recent benchmark repo rate hike raised more alarm bells for the most credit-stressed South Africans, according consulting firm Eighty20. The Cape Town-based consumer strategy and research company’s latest figures point to Middle-Class Workers –a segment made up of about 4.1 million adults typically earning between R8 000 and R30…
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Africa’s Commercial Real Estate market has registered growth in 2022 and the sector anticipates a better year business-wise in 2023, according to Knight Frank. The four trends the firm expects to define 2023 are: data centers, ESG considerations, hybrid working and rising economic woes. Data centers According to the firm’s recently released Africa Industrial market dashboard,…
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Nairobi is the only African city listed among 45 global cities that recorded annual growth in the third quarter of 2022, according to the Prime Global Cities Index by realtor Knight Frank. Nairobi’s ranking has moved up seven places to 29 in the 12 months to September from 35 in the same period last year.…
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