The Africa Report 2022/2023 - Knight Frank - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

Attracting meaningful volumes of institutional capital into Africa continues to prove challenging and recent global macroeconomic events appear to be hampering matters further. Indeed, total cross-border investment in African commercial real estate stood at US$ 274 million in 2021, down 49% from 2020 and 54% lower than 2019 figures. ESG is an increasingly global focus for real estate investors, and we expect this to spur capital flows towards green rated buildings. That said, certain real estate sectors on the continent have demonstrated relative resilience despite the unprecedented global economic headwinds albeit with a divergence in performance between those well located, sustainable, core assets, hard currency income and the rest. We believe, therefore, the next few years will see a boost in investment volumes in what has been a relatively immature market, providing investors with the opportunity to rebalance portfolios, execute business plans and further their strategic goals.

The Africa Report 2022/2023 - Knight Frank

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