Real Estate Investment In Africa: The Struggle Between Perception And Reality - 2016

Real Estate Investment In Africa: The Struggle Between Perception And Reality - 2016

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Summary

Real estate markets in parts of Africa have undergone considerable improvement in recent years, with growing economies, favourable demographics and increasing political stability attracting a range of investor types.Overreliance on natural resources, reluctance to diversify and the consequent volatility of local markets and currencies is having a detrimental short-term effect on the credibility and attractiveness of several oil dependent markets. The quality of stock is improving, driven principally by international occupiers whose requirements and corporate governance are dictating that building design, materials and environmental considerations all comply with their global standards.Real Estate valuation in Africa often confronts a range of unusual factors, including a shortage of comparables, rapid supply changes, currency volatility and price spikes at the upper end of the market. Process rigour to establish clean title is particularly vita.

Source: CBRE

Published: 2016

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