Tag Archives: Africa property market
Africa property market: Latest News
Staff, 2:46 pm
SA property companies should use tough economic times to strengthen themselves for the future, says research and advisory group, Grant Thornton.Real estate firms are no strangers to cyclical disruption, especially the likes of which the local market is experiencing at the moment; but to prosper in the future, the industry must enhance its capabilities to manage new types of disruptions. Lee-Anne Bac, Grant Thornton, believes SA property firms cannot rest on their laurels in difficult conditions.
Staff, 2:45 am
The inflow of Chinese investments into Africa’s real estate sector has had a positive effect on the continent’s property sector, experts said on Thursday. Peter Welborn, Africa chairman of global real estate consultancy Knight Frank, told Xinhua in Nairobi that in some Africa countries such as Tanzania, there has been a lowering of office rent as a direct result of Chinese built commercial and residential houses. “Chinese investors have increased the supply of buildings and hence reduced the prices for rent,” Welborn said
- Real Estate