Global megatrends to drive growth in Africa real estate industry

PwC Africa Real Estate Leader, Ilse French said previously inaccessible African markets were opening up through economic growth, improving political stability, and ongoing investments in infrastructure.

Global megatrends, such as rapid urbanisation and demographic changes, will drive growth in the real estate industry across Africa over the next five years, a PwC report released last week has asserted.

PwC Africa Real Estate Leader, Ilse French said previously inaccessible markets were opening up through economic growth, improving political stability, and ongoing investments in infrastructure.

The publication, Real Estate: Building the future of Africa, shows an assessment of the current state of the real estate industry across Africa through 10 selected countries in sub-Saharan Africa (SSA) that provide insight into the local, regional and global influences on real estate markets.

The report says that opportunities across the African continent are significant and span every property sector.

In almost all markets the demand for high-quality retail, office and industrial space continues to outstrip supply as... To Continue Reading the story, Click here for More