LIVING IN IBADAN #NIGERIA – LAND & PROPERTY PRICES IN IBADAN (REAL ESTATE IN IBADAN)
- April 11, 2021
- Real Estate Business
Real estate in #Ibadan is the next thing. The land mass of the…
Top 10 African Countries to Invest in Real Estate
Hello Displorers, welcome to another informative video presented to you by Displore and thanks for watching. In this video we shall be presenting to you the Top countries in Africa to invest in Real Estate. Real estate has exploded throughout the African continent as every nation is walking towards being at the top of the sector. This race has been attracting investors who wish to benefit from the new and growing potential. With this, some countries through government policies, strategies and internal efforts make investing in them more enticing than others in general. In this video, we shall be examining the top 10 African countries to invest in real estate.
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When it comes to Africa, real estate remains a great investment opportunity and a good stream of additional revenue. Rapid urbanisation, a wealthier population and a rapidly growing middle class, re-location of businesses, and travel to Africa for business and tourism are driving demand for new and modern offices, hotels and retail malls. Smart investors are going in now and taking advantage of the opportunities before it becomes virtually impossible. In fact, Africa is viewed as such a significant investment that over 70% of the Chinese direct foreign investment is in African cities. Other countries like India, Turkey, and Russia, are also following close behind China and increasing their investments on the continent. Even though there are 54 countries in Africa, here in no particular order are the top 10 in which you should make real estate investments.
With numerous investors, in a real estate market worth over $2billion with an investor retention rate of 99%, Namibia should be on the top of the list of any real estate investor. Around 2014, the real estate market was the cornerstone of the Namibian economy recording the second most expensive house price in the world, second only to Dubai. Despite, a drastic fall from grace in the sector, an increase in tourist visits, a boom in the economy couple with linear investment government policies, Namibia still holds that potential to become the strong countries with regards to real estate which makes it one of the best to invest in.
When it comes to most efficient countries to invest in, in Africa, Morocco is one of the best choices in 2020 and that includes real estate. The Sharif kingdom is currently developing and should record an average growth of 4% in the next coming years. Its reintegration into the African Union and accession to the Economic Community of West African States, ECOWAS have enhanced its investment appeal making it one of the most desirable for real estate investments. Besides this, past projects in the country have been some of the most successful on the continent earning it a position on the list of the most beautiful real estate in Africa. Despite a nationwide residential real estate price index fall in the country, an increase in investment in the country is likely to be a very productive one.
For African countries, the investment potentials of Mauritius take first place and the island ranks 39th globally out of 161 states evaluated. This achievement is due to its stable democracy, strategic location between Africa and Asia, an advantageous tax system and sophisticated infrastructures. We should also consider Mauritius’s bilateral cooperation with various other African countries. In addition, Mauritius is looking to diversify into areas relevant to the island. For the moment, the island depends mainly on tourism, real estate, the digital economy and financial services. In the future, it would like to become more involved in protecting the natural environment and oceans, renewable energies and water management. Just the mare fact that the country has one of the highest GDP per capita on the continent, is an indication of the profitability in its real estate.
Kenya is one of the countries with ‘top opportunities’ as retail space is attractive in the country, especially in Nairobi. Nairobi is one of Africa’s fastest growing economies as well as home to many African headquarters like Google, IBM and Coca-Cola, many rental units are needed to support a growing population. There is also a healthy tourism industry which has created a growing demand for the construction of guest houses and hotels. Due to the terrorist attacks, demand from potential retail tenants has slowed down, however, what seems risky today can be a gold rush in the future.Through linear investment policies, Kenya has always attracted more development into the country and that is the case with the real estate sector with numerous new projects springing up like mushrooms in recent years. Hence, investors can follow this new boom to invest in the real estate of the country for boundless profitability.