Tag Archives: Affordable Housing
Affordable Housing: Latest News
Kurt Davis Jr., 11:08 am AFKI Original
The economic downturn did little to stifle demand for African real estate. Some of the biggest returns and opportunities exist in rental properties, from beachfront getaways to hidden villas. Affordable housing is a major challenge for governments. Private investment is seen as a solution. Developers, private investors, and ordinary people can play a role in addressing the construction gap in the real estate sector and make a good return while doing so.
Dana Sanchez, 12:50 pm
Less than 10% of African households qualify for a mortgage for even the cheapest new house. But the low-income housing market has more potential than the high end, where most new home construction lives. African housing industry exhibits in 2016 indicated most stakeholders are targeting lower-middle and low-income housing. Poor performance in the high-end market and enhanced tax incentives are partly responsible. “There is a stagnation in prices in some high-end property due to too much supply,” a stakeholder said.
Dana Sanchez, 12:13 pm
The Zimbabwean diaspora has a significant interest in property investment in their home country. Although agricultural land is typically state-owned, and rural land communally owned, urban land in Zimbabwe is held under freehold title, and deeds are registered. There are rights to ownership of urban land, and interest and potential for investment in urban land in Zimbabwe. Continued interest in the diaspora has seen increased demand for small-scale, affordable housing in low- and high-density areas.
Kurt Davis Jr., 8:52 am AFKI Original
Many Kenyans worry a crash may be coming. Bubble advocates stress the near-30 percent annual growth rate in real estate since 2011, but occupancy rates are stable and high at 90 percent. Residential housing demand has always outpaced supply, particularly in lower- to middle-income segments of the market. The reality is most housing constructed in Kenya in the last five years is unaffordable to most Kenyans. Less than 10 percent can afford a mortgage. A local land price index shows that land and property returns in Kenya are outperforming treasury bills, bonds and stocks.
Staff, 4:48 pm
The International Development Association (IDA), the soft loan agency of the World Bank Group is providing Tanzania with $60 million to fund affordable housing. Philippe Dongier, the World Bank Country Director for Tanzania, Burundi and Uganda said last week, “Tanzania’s rapid urbanization in recent years has underscored the urgency to improve access to finance for affordable housing.
Makula Dunbar, 10:54 am
A reputable construction company Addoha group of the Kingdom of Morocco is set to partner the government of Ghana fulfill its manifesto promise of constructing ten thousand affordable housing units for the people of Ghana. The chief executive officer (CEO) of Addoha Construction Company Mr. Anas Sefrioui and his entourage will be in Ghana on Thursday
- Real Estate