Tag Archives: Africa real estate
Africa real estate: 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.
Kevin Mwanza, 7:44 am
Dangote Cement, owned by Africa’s richest man, Aliko Dangote, now controls 22 percent of the market in Tanzania since it launched operations in June as its low cost cement continues to upset companies that have for years dominated the East African market. Lafarge Holcim of France which is the biggest producer in Africa controls the biggest share of the East African market with a 27 percent; Tororo Cement of Uganda has 21 percent; while ARM Cement has 17 percent.
Julia Austin, 5:25 pm AFKI Original
Fine and Country is a global real estate brand that originated in the U.K. but has a large presence in Nigeria. The company specializes in exclusive, high-end properties and through it’s unique “lifestyle” marketing approach has won several awards. Nigeria has been home to one of the fastest growing economies in the world, and while it has seen a slowdown, its industries have grown. So has the need for office space and residential housing. Check out 8 of the top influencers in Nigerian real estate who had a hand in these real estate developments.
Staff, 7:43 am
In February 2013, Nigeria broke ground on one of largest property project on the continent, the Eko Atlantic mega city. Two years on the city is ready to house its second 26-story building, while other structures are on different stages of completion. The city in Victoria Island, Lagos, will define Nigeria’s largest city skyline and will be a reference point for other such development in other African countries.
Kevin Mwanza, 8:46 am AFKI Original
Knight Frank said in its 2015 report that Africa’s rapid population increase coupled by a strong economic growth across several countries on the continent was building a formidable middle class that could prove too attractive for global real estate investors to ignore over the coming decade. Africa’s population is estimated to reach four billion people by the start of the next century.
Staff, 11:00 am
High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate. Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors, despite more immediate concerns in some countries about Ebola, terrorism or political stability.
Staff, 6:10 am
The rapid growth of ultra-high net worth individuals (UHNWI) over the next ten years will have a positive spin-off for Africa’s luxury residential property sector, with the allocation of more capital into the market expected. According to Knight Frank’s 2015 Wealth Report, UHNWI who own at least $30 million (R371 million) in assets are expected to increase by 59% in Africa compared with 34% globally.
- Real Estate