Currencies And Rents: The Commodity Impact On Sub Saharan Africa Real Estate - 2016 - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

In this paper we identify Sub-Saharan Africa (SSA) countries which are the most exposed to currency pressures as a result of recent commodity price volatility and consider the implications for their real estate leasing markets based on our experiences in other developing economies.Nigeria, Angola and Zambia have been the most exposed countries, given that they are large exporters of commodities and possess developed real estate markets. Ghana is less vulnerable from a commodity perspective but has experienced major devaluation, also due to its current account deficit.The countries in our study have all allowed their currencies to depreciate to a greater or lesser extent. Zambia has done the most to align itself with market pressures. Nigeria, arguably, has not done enough.We also look at the experience of Russia, another transitioning economy that is heavily reliant on the price of exported commodities, and consider how pressures on the ruble have impacted real estate markets in SSA, which largely function in USD.

Currencies And Rents: The Commodity Impact On Sub Saharan Africa Real Estate - 2016

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