Urbanisation drives hunger for property and development in Africa

Sub-Saharan Africa is a promising market for property as urbanisation, economic development and increased affluence among the rising middle class drive growth across the sector.

As growing urbanisation in Africa aids economic growth - as larger concentrations of people in cities create large customer bases, promote more efficient labour markets and reduce transport costs, increasing opportunities arise in regard to residential property development and ownership, reports Pam Golding Property group CE Andrew Golding.

Many of the largest cities in Africa are growing rapidly – Nairobi, Kinshasa and Dar es Salaam, for example, are expected to see population growth of over 70 percent by 2025. Africa’s mega-cities, including Lagos, Cairo, Luanda and Johannesburg, are increasingly the engines of ...

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