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Browsing: real estate
In the modern world, affordable housing is becoming a complex issue for many people, especially in Africa. Across the region, rapid urbanization, which has boomed over the past decade, has made affordable, decent housing challenging precipitating the emergence of informal settlements.
In the case of Tanzania, Dar es Salaam, the commercial pulse of Tanzania, is struggling to develop cities that bring inclusive growth and job opportunities for people, the Kigamboni City Project tried by failed..
A December 2015 publication by the World Bank argued that Africa could have as many as 1.2 billion urban dwellers by 2050 and 4.5 million new residents in informal settlements each year, most of whom cannot afford basic formal housing or access mortgage loans.
The informal settlements or slums is particularly pronounced in big African cities. In 2020, 24.2 percent of the global urban population lived in slums. In Sub-Saharan Africa, the slum
Jayesh Shah is a man who should be accustomed to making headlines.
He is a multimillionaire Zimbabwean businessman who has more than his fair share of admirers and scorners. Every prominent Zimbabwean person, be it in government or business, who has ever needed a bridging loan or some kind of financing and was unable to get funding from the banks and other financial companies knows who Jayesh Shah is. The wealthy Indian businessman prefers to fly under the radar.
For a long time, one would be hard-pressed to find a picture of this elusive business tycoon on the internet. He runs a company called Al Shams Global which news reports suggest that has interests in the distribution of hardware.
Shah made headlines earlier this month when the news wires broke the story that the central bank of Zambia had been ordered by the High Court of Zambia to settle a …
Growthpoint Properties Limited published its financial results for 2021 on the 15th of September 2022.
The real estate investment trust (REIT) is the largest such listed entity on the Johannesburg Stock Exchange and is reliable indicator for the sector as a whole. The real estate sector in South Africa as in the rest of the world was one of the biggest casualties of the COVID pandemic. REITs on the JSE were not spared.
The COVID pandemic created a perfect storm for property owners in South Africa. When COVID spread to the rest of the world after beginning in Wuhan in China in 2019 two things happened that adversely affected the REIT sector on the JSE including Growthpoint.
- Growthpoint Properties Limited which is the largest REIT listed on the JSE announced its results on the 15th of September 2022.
- Results for the REIT reflected an improved operating environment for
- The global market has recovered and stroke a 54 per cent investment activity
- The real estate market is expected to grow to US$3.74 trillion in 2022
- Tanzania, Rwanda, Ghana, Kenya and Ethiopia are real estate emerging markets
Real estate in Africa as a sector is a goldmine that which realtors and investors must explore. Despite the Covid-19 pandemic shaking the market, still, the sector portrays rather promising benefits.
The latter is argued to be a viable emerging opportunity despite underlying issues of cost of living and inflation levels posing a challenge to its growth. The global capital markets recovered strongly during 2021, with annual investment activity surging by 54 per cent, according to a real estate market monitor, JLL.
Another round of analysis by the Real Estate Global Market report 2022 indicated that the global real
- There are alternatives to direct investment in real estate that are just as lucrative while minimizing risk
- RELPs enable individuals to invest in a diversified portfolio of real estate assets
- The benefit of a RE mutual fund is that it offers flexibility to the individual or retail investor
Conventionally speaking the traditional avenue of investing in real estate is to pay cash for it if you have the resources or to save money for the down payment and then raise the difference in purchase price through a mortgage from a bank or financial institution.
This is because of the high unit value of holding property in your portfolio.
One of the features that make the property unique as an investment is that it has a high unit value in comparison to other investments.
A nominal amount like ZWL$1,000.00 can…
Shelter Afrique, Pan-African housing development financier signed a Memorandum of Understanding (MOU) with two Chinese construction firms to scale up the development of large-scale affordable housing projects in Kenya and its member States.
The two Chinese construction firms are Amberton International Holdings and Sichuan Huashi Enterprise Corporations E.A. LTD, with the MoU expected to boost Shelter Afrique’s mandate of providing decent and affordable housing in Africa.
The MoU was signed by Andrew Chimphondah, Shelter Afrique Chief Executive Officer, Nancy Yu, Amberton International Holdings Director and Sichuan Huashi Enterprise Corporations E.A. LTD Managing Director Cao Zheng.
“As a company, our overriding strategy is the provision of affordable housing across our member States through public-private partnerships. This strategic partnership with Amberton and Huashi will be key in expanding our projects across the continent as we draw from the experiences of the two companies. Shelter Afrique will work closely with Amberton International Holdings …
The East Africa Property Investment (EAPI) Virtual Summit has noted that the effect of the global pandemic could mean new investment opportunities for the sector.
The summit held on July 29th and 30th featured 69 regional and international speakers, providing tangible insights on how Kenya’s property sector has weathered the Covid-19 pandemic, and what the future holds.
According to Gerhard Zeelie, Divisional Executive: Commercial Property Finance Africa - Nedbank CIB, South Africa, Covid-19 has revealed strengths and weaknesses of the East African property sector, but saw Nedbank remaining cautious on the long-term impact of the pandemic.
“It is too early to make a call. We have seen fewer clients discussing new development opportunities with us, which indicates to me that everybody is adopting a cautious approach. I also think that this is smart. We are seeing how the pandemic is impacting our day-to-day lives, but it
The real estate sector in East Africa was under pressure pre-pandemic, but the virus has highlighted the resilience of many of its sub-sectors as well as its future opportunities.
This has come up during the conference at this year’s East Africa Property Investment (EAPI) Virtual Summit. The summit which is featuring 69 regional and international speakers, providing tangible insights on how the property sector has weathered the Covid-19 pandemic, and what the future holds for the sector.
Driven by the theme ‘Think Different’ and with more than 1,000 delegates attending from over 35 countries, the virtual conference is presenting evidence that the East African real estate sector remains attractive to international, local and regional developers and investors, said EAPI Virtual’s host, Kfir Rusin.
“The benefit of an online conference is we have been able to gather the leading regional and international real estate figures active in the region to provide …
Tanzania is well on its way to achieving its long coveted middle income status, and the mushrooming skyscrapers in most all its major cities are evidence. Well that’s one way to look at it.
You see, where investment is on the raise, it is safe to say the economy is stable and even growing. That is Tanzania for you, a stable growing economy where investment, especially in the real estate sector is growing, and growing exponentially.
Tanzania has been enjoying a steady economic growth over the last few years averaging an impressive 7% annually. However, for the sake of this article, lets leave the data in the papers for now and take to the streets, on the ground, what is actually happening?
In major cities like the capital Dodoma, development is hands on, on the ground right in front of you. Empty stretches of land are now housing complexes complete…
Kenya is the barometer for what is happening or likely to take root in East Africa since the country tends to set the pace on matters development.
When it comes to land prices in East Africa, Kenya tops the list of the most expensive land rivalling even properties in some affluent areas of Johannesburg, London and New York.
In the last quarter of 2019, land prices in Kenya continued on their upward trend with properties in the suburbs increasing by 1.69 per cent over the year while satellite towns saw prices increase by 6.93 over the same period.
In a report by Hass Consult, Kitengela which is just an hour from Nairobi city centre saw the highest land price increase recording a 10.71 per cent hike while Ongata Rongai led on a quarterly basis at 4.56 per cent.
The plush Spring…